Why is the Value of my Sandpiper Lakeland Fl Home for Sale Decreasing?

Why is the Value of my Sandpiper Lakeland Fl Home for Sale Decreasing?

When putting your Sandpiper Lakeland Fl home for sale, you want to get top dollar for your home. But, some homeowners commit common mistakes that pull down the value of their Sandpiper Lakeland Fl home.

You know what do to do when you are selling your home. You know that you have to keep it clean, that you have to stage it, repair it and keep away the kids and pets. And, hopefully, you put this knowledge into actions.

But what about those things you are NOT doing that could cause buyers to pass up your home or offer less than what you listed the home for?

Here are some of the common mistakes sellers make and things they don’t do that affect the value of their homes for sale in Lakeland Fl:

1. Several foreclosures in the area. If your Lakeland Fl home for sale is in an area where there are several foreclosures, then your home will most likely sell for a lower value. Neighborhoods with a lot of foreclosures aren’t well-maintained. The foreclosure homes in the area are usually neglected and in need of maintenance. Are selling your Lakeland Fl home is because of the high foreclosure rate? Based on a study by the MIT (Massachusetts Institute of Technology), homes within 250 feet of a foreclosed property decreased in value by 1% for every foreclosure.

2. Poor curb appeal. Never underestimate the power of curb appeal. If you have poor landscaping, this can decrease your home’s value by 5-11%! On the other hand, a well-kept yard will increase your Lakeland Fl home for sale’s value by just as much. Take note that this doesn’t apply to just your own front yard. Even if your yard is beautiful but your neighbor’s yard is not well-kept, buyers will still offer you less for your home, since they will have the impression that the entire neighborhood is not well-kept.

3. Bad paint jobs. Bad paint jobs both inside and outside the home can decrease the value of your Lakeland Fl home for sale. This could be fixed quite easily by putting up wallpapers or repainting the home before selling it. Chipped paint and other ugly marks on the wall will give an impression to buyers that your home is badly in need of repair or is not well-maintained.

4. Broken windows and leaky faucets. These do not cost much to repair, but when leaky faucets are left dripping, this could cost you potential buyers. Some buyers might give a lower offer to compensate for them having to repair the home and they might also think there are still other hidden problems in your home.

Selling your Sandpiper Lakeland Fl home is comparable to dating - you should always put your best foot forward to impress and keep the interest of the buyers by preparing your home.

To get the best tips on how you can sell your Sandpiper Lakeland FL home for sale, call Petra Norris at (863) 619-6918 today.