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Should A Seller Replace Old Carpet Or Offer An Allowance?

Should I Replace the Carpets when I’m ready to sell my home? This is a question that real estate agents hear time and time again. So lets look more closely at this topic. Most real estate agents will say “Yes, absolutely replace the carpet”. But why?

1. The Home Will Show Better

The most obvious answer is that it will make your home show better, and thus impress potential buyers more and hopefully result in a quicker sale of your home. For a buyer, walking into a home with a dirty and disgusting carpet is a real turn off. Even if the house is otherwise in great condition, the buyer’s first impression was the ugly carpet, and this will stick with them throughout the tour of the home.  (Note that if the carpet is in good condition, a professional cleaning should suffice).

2. Seller Saves Money Overall

A common seller concern is that buyers may not like the new carpet and would rather pick their own style and color. The answer to this is to pick a neutral beige color with a style common to the area and neighborhood. As a seller, you should understand that a buyer is going to ask for a credit, or allowance, for replacement of old worn out carpet. The buyer will also generally make a lower offer if there is old or damaged carpet. The buyer feels he or she should be compensated for the hassle of having to replace the carpet after closing, thus delaying moving in for a week or more. In most cases, the seller will save money by replacing the carpet.

As an example, a seller of a $200,000 home decides to replace the carpet and the replacement cost is $3000. The buyer makes an offer of $190,000 and the deal closes at $195,000.

In another scenario, the seller decides not to replace the carpet of a $200,000 home. They buyer wants a credit to replace the carpet. But also, the buyer feels the home is not worth as much due to the first impression of the ugly carpet. The buyer also feels the inconvenience of having to replace the carpet is worth a sizeable discount.  The buyer then offers $185,000 and asks for a $6000 carpet allowance. Assuming they meet half way on price, the deal closes at $192,500 and the buyer ends up negotiating a $5000 carpet allowance. In this scenario, failing to replace the carpet cost the seller $7500. In the previous example, replacing the carpet only cost the seller $3000.

In the sale of a home, every situation, and every buyer or seller is going to be different. The above recommendations and scenarios are based on what one would generally expect to experience in a real estate transaction where carpet is an issue.

Related Articles On Pensacola Real Estate News:

Home Improvements: Which Ones Really Pay Off

How You Can Save Big Money On Home Improvements

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Invaluable New Consumer Real Estate WebSite

The National Association of Realtors® (NAR) launched HouseLogic, a new consumer real estate website designed to help consumers with all aspects of homeownership. According to NAR, “HouseLogic was created to help homeowners make smart decisions and take responsible actions to maintain, protect and increase the value of their homes.”

Houselogic is a free website. It is designed to help consumers make smart, informed home improvement investment decisions.  It provides timely articles and news that helps homeowners plan and organize their home projects. It also provides  home improvement advice and how-to’s along with information about taxes, home finances and insurance.

Here’s a sampling of articles I saw on my first visit to this real estate site:

7 Tips for Saving Energy in the Laundry Room
7 Tips for Saving Energy with Home Lighting
Start a Neighborhood Watch
Stop Drivers From Speeding in Your Neighborhood
7 Smart Strategies for Kitchen Remodeling
Smart Options: Kitchen Flooring
Green Kitchen Remodeling
Deduct Private Mortgage Insurance
Bathroom Addition: Return on Investment
Inspecting and Maintaining Your Roof

And these were just from a quick browse of the home page. You can see that there are a variety of real estate and home ownership topics covered. Each article has links to related articles. There is a wealth of information on this site and I highly recommend consumers take a look at it and learn more about what they can do to protect and enhance the value of their real estate.

Click Houselogic to visit the site.

Related Articles On Pensacola Real Estate News:

Home Improvements: Which Ones Really Pay Off

How You Can Save Big Money On Home Improvements

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Pensacola Real Estate Navigators Do It Themselves

A couple of years ago, I asked the question Is Pensacola Real Estate Really Sexy?   in reference to local agent Woody Wolden being voted one of the sexiest men in Pensacola. Well now our local “sexy man” Woody Wolden is trying to make Pensacola real estate not only sexy, but funny. Teaming up with his buddy and fellow Real Estate Navigator Matt Robinson, they created this very funny “Today’s Handyman” video for you homeowners who want to try a little “do it yourself” work around the house.

The video was actually a promo for a Real Estate Navigators meeting. That meeting has come and gone, and I unfortunately was not able to attend. But at least we have this video of Cliff Sandstone and Bubba Sparks doing some home repairs that is worth a few great laughs. (Hey, did you know that when you are laughing, you are totally living in the moment. There are no problems or issues or stress. You are just happy in that moment. Think about it after you have laughed. It is a truly healing experience. Sort of like listening to your favorite song. We should all laugh a lot more. )

Bubba “Sparky” Sparks is played by our own sexy Woody Wolden. So what do you think ladies? Is he still that super sexy real estate man 2 years later?

[youtube]http://www.youtube.com/watch?v=kjqEIaKJMX8[/youtube]

Thanks for the laughs Woody and Matt.

Related Articles On Pensacola Real Estate News:

Redneck Ingenuity Makes Home Inspections A Must

Home Improvements: Which Ones Really Pay Off

How You Can Save Big Money On Home Improvements

 

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Home Improvements – Which Ones Really Pay Off?

If you are planning on improving your home in Pensacola and you are wondering what home improvements will give you the most bang for your buck, a report was issued that can give you some ideas where best to spend your home improvement dollars. If you plan to put your Pensacola Home for sale any time soon, this will be a worthwhile read.

You can read the report and see the numbers in the Cost Vs Value section of this Home Improvement site. What is most important to note is  that the obvious winners in this market test were exterior beautifications. What you can see, touch and feel is what gives the biggest cost recuperation.  The report shows that the addition of a wood deck or vinyl siding are the improvements that have the largest return in value. But note that no improvements will return all of the money you put into them in short term resale value.

If you plan to sell your home soon, you will want to focus on the visible improvements. Extra insulation in the attic is great, but the buyers can’t see that and there is no emotional impact. Anything that beautifies the home will have that added punch of emotion. Your potential buyers need to feel good about the house. Try landcaping or vinyl siding to improve the property.

Now if you plan to live in the house for another 10-20 years, it may be more worthwhile for you to focus on “non-visible” type improvements, such as attic insulation or a new A/C unit or hot water heater. These types of improvments add value and savings in reduced energy costs. However, they generally do not WOW the buyer and have an emotional impact. One addition that I really like are new windows. New windows not only impress potential buyers, but they also save energy, and can save help you save on insurance costs in hurricane risk areas.

So if you want to add value to your home, take a look at the report and make your own judgments as to what upgrades would be in your best interest.  I was surprised to see that they did not list fireplace upgrades. That was always on the lists as a top improvement in resale value. The estimated cost recuperation on new windows is around 80%

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How You Can Save Big Money On Home Improvement Projects

Do you want to get 10%-20% off every purchase at Lowes or Home Depot stores in Pensacola?

Need to Improve the value of your real estate? Looking to put your Pensacola Home For Sale any time soon. Then Read On!

You can save 10% or 20% off every purchase at Lowes or Home Depot with coupons. These companies are not exactly making it easy to figure out how to do this, but I’m here to help.

I have found 4 ways to get coupons that can be used good at any Lowes or Home Depot. (Don’t try to use the coupon image on this post. It is just there to liven up the article for your viewing pleasure. It won’t work anyway). Note also that some stores may accept competitors coupons. I would recommend checking with customer service first though. Each store is likely to be different, which really doesn’t make sense, but that has been my experience.

1. Go to the Lowes Moving Site and request a coupon. It should be sent to you in email within a few days.Home_Depot_Coupon-Sample1_Resize150 This is great for getting one coupon, but to get more coupons using this method will require that you use a different name and email address for each request. To my knowledge, Home Depot does not have this offer available.

2. Go to the customer service desk and ask for a coupon. Sometimes they have them available. I was recently given one at the Home Depot on Mobile Highway in Pensacola, but it was only good in certain departments.

3. Complain about something. This one worked for me at Home Depot. I drove across Pensacola to attend a tiling class at the Home Depot on Brent Lane and Davis Hwy. This tiling class was listed on their online schedule at their web site. No one at the store knew anything about a tiling class scheduled for that time. I wrote Home Depot and complained and got a 10% off coupon within a week. Now I’m sure we can all find something to complain about. I don’t know how many times this will work.

4. Buy coupons on Ebay. The downside to this method is that it will cost you a few bucks. The upside is that it requires very little effort and you can often buy lots of 3-5 coupons at a time. Some 20% off coupons are also available. Just search for either “Lowes Coupon” or “Home Depot Coupon” on Ebay. There are always a lot of them available and you can use the “Buy It Now” feature to get them quickly.

I hope this helps my readers save some money on their Pensacola home improvement projects. Look for more great money saving tips in the future. As I find them, I’ll share them with you all.

Click on Pensacola Real Estate News for a list of most popular articles and site categories.

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