Here is a typical scenario illustrating the effects of buyer's remorse. Your home was on the market for a few weeks, and you are now feeling fortunate because an attractive offer has been presented by qualified buyers. Once the ink dried on the contract forms, however, it seemed that everything suddenly threatened to come unraveled.
Once the buyers' earnest money check cleared their account, they suddenly came up with a list of concerns that never occurred to them before the purchase agreement was signed. Their fears and demands have turned them into touchy adversaries instead of the sweet young couple looking forward to starting a family. How could the atmosphere have changed so quickly?
Buyers and sellers are both susceptible to different forms of stress reaction known in the real estate field as "Buyers' Remorse" and "Sellers' Remorse". Fortunately, neither one of these conditions is contagious to real estate agents! An important part of our job is to help our sellers and buyers through their buying or selling jitters with understanding and humor.
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Real Estate Tips
Bargain Properties >Bargain Homes
Most buyers want a home that is in tip-top condition and ready for them to occupy, but many homes sell for bargain prices because they need work. Buyers love "fixer-uppers" for the obvious reasons: the affordable price and the satisfaction of remodeling the house to accommodate your tastes and needs.
Whether you are buying the property for yourself or as an investment, choose a house that is in a good location and structurally sound. It should be priced enough below market value (usually 25%) to allow plenty of room for a profitable re-sale after the work is completed.
It is important to educate yourself before taking on a fixer-upper project. Inexpensive cosmetic improvements often give the greatest return on your investment-- paint will increase the value three times for every dollar invested. Landscaping, carpeting, and light fixtures are also relatively inexpensive improvements. Try to avoid purchasing a house that needs expensive structural improvements such as a new roof, plumbing, wiring, or foundation repairs.
Remodeling a kitchen will rarely add more than the cost of the upgrade, but new appliances usually give a fine return. An extra bathroom is the best renovation from an investment point of view, often giving twice its cost in added value.
Nelly Andrushenko Power Realty Inc. 148-29 Cross Island Parkway Whitestone, NY, 11357. 718-747-0411 917-406-4922 Fax: 718-747-0504 Email: firstname.lastname@example.org
Nelly Andrushenko started her career in Real Estate in 1989. After being affiliated with a number of prominent local Real Estate companies for many years, (Re/Max, Century 21, First Choice), Nelly in 2002 founded her own Real Estate company: Power Realty Inc, a boutique office located in the heart of Whitestone. She is constantly in search of knowledge and ways to perfect her customer service. Nelly's enthusiasm and dedication to helping people has brought her success and recognition as a Top Realtor in Northern Queens for over a decade. If you’ve been thinking of buying or selling a home in the near future, then call Nelly (718) 747-0411 or email her at email@example.com and see what she can do for you.
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