12 Things You Should Know About Real Estate: Part 1

Written by Quincy Virgilio

April 26, 2021

I started 3 weeks ago by telling you it was time to impart a little of the knowledge I have gleaned from my 3 decades in the real estate industry, so time to concentrate on the top 12 considerations when selling and buying a home. I’m going to give you just a few every week for the next month to think about.

1. Your home is worth what a buyer is willing to pay.

Markets go up and down. Don’t forget that if the price you can get for your home right now is lower than it may have been a year ago, so will be the price you will have to pay to secure the home you are looking to purchase.

2. Upgrades may not increase the value of your home, but they will increase the chance of getting it sold.

Many people lack the vision to look beyond what they see in front of them. Minor upgrades like for instance updating your 80’s light fixtures to something more modern costs very little but may help that millennial who just walked in to view your home, imagine themselves living there. Minor upgrades increase your pool of potential buyers and therefore the chance of getting a sale. Take the guess work out of which upgrades you should do and engage a real estate team who know your market and will advise what needs to be done and have craftsmen on hand to do it for you.

3. Cleanliness is next to Godliness.

When you stand back and admire your handy-work after you’ve vacuumed, mopped the floors and wiped down the surfaces, you think your home looks really great. And that will be the first impression when a potential buyer walks through the door however, then they take a peek inside the refrigerator and oven, open closets and pull out drawers. Don’t spoil that first impression. A professional cleaning crew who do this every day will take care of all those hidden places for you, and a good real estate team will usually include that service in their fee.

That’s all for this week. Check in next week for the next 3 on my list.

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The Virgilio Real Estate Team