Norwalk apartment

Buyers Avoid Fixer Upper Homes – May 2011

Bondi Realty Group Norwalk article May 2011

Buyers avoid fixer uppers

In the overheated housing market of the past, buyers felt that they had to accept homes even though they were in inferior condition but these days, most view an as- is property and run the other way.

Buyers have little or no tolerance for homes that need fixing up. They want to walk into the picture perfect home and just move in. A move in condition home is in the number one position when buying a property today. One factor that is the main cause is the tight lending by the banking industry. Buyers must put down more money as a down payment, resulting in less money to fix up their new home.

This is absolutely the story of today’s market. Buyers will pay a premium to get a home in move in condition. They will even engage in a bidding war just to avoid buying a project house. As a result we strongly advise homeowners to remodel before listing their home to get the best price and fastest sale possible.

We recommend against major renovations, such as replacing the kitchen and baths.

Sellers shouldn’t risk spending more than they’d get back in the sale price. This can be true with major kitchen and bath renovations because they are such a personalized taste.

There are however ways to spruce up kitchens and baths without blowing your budget. Think about replacing or painting cabinet doors and hardware. Install a new faucet, countertop and sink. In the bath, add a new toilet, fresh paint and new grout. These small changes can make a big difference when selling your home.

On the other hand, major maintenance and safety issues such as underground oil tanks and leaky roofs, heating and air conditioning must be dealt with before the home goes on the market because buyers are unwilling to take them on. These issues can be discovered and dealt with by having a home inspector come in prior to listing your home. You will now be prepared that your home will pass inspection and increase the chance that your sale will go through.

Beyond those kinds of headaches, sellers can make a big difference with simple and relatively inexpensive fixes: painting the walls, getting rid of clutter and pulling up carpets to show the hardwood floors that buyers crave.

Curb appeal is extremely important. Spruce up the front yard and entryway to make a good first impression. Trim the bushes, cut the grass, plant fresh colorful flowers in the garden and in pretty glazed pots. Give the front door a fresh coat of paint.

Getting rid of clutter is absolutely essential. A buyer needs to envision how the house will look with their items in place. Do an intense deep cleaning. This is a very cost effective step that is extremely necessary. You’ve got to clean it out sometime; if you do it now, it’s going to benefit you financially. If sellers can’t or won’t prepare their homes for the market then they will have to lower their expectations on price.

Sellers – If you are looking for the best real estate agents in the business, look no further than Bondi Realty Group LLC. We can provide the best service in the business to you! Please contact us for your personalized free market analysis today. Our coverage area includes Norwalk, Darien, New Canaan, Westport & Wilton, CT. If you are moving out of the area we have an extensive referral network.

Betty Bondi

Owner/Broker

Bondi Realty Group LLC

203-899-9990

Norwalk apartment

One bedroom Water Views walk to train & Sono Norwalk CT

Sunny, spacious, recently remodeled one bedroom plus den~ apartment in East Norwalk with water views.

Large living room with large storage closet overlooking veterans park with water views, Eat in kitchen with stove and refrigerator, den, Large bedroom with water views & walk in closet. Off street parking for two cars. Conveniently located in East Norwalk within walking distance to train and Historic SONO.

$1400.00 per month includes water and electric. Tenant pays gas heat.

Immediate occupancy

First month, last month and one month’s security deposit.

Credit check and references required.

 

Exclusively listed with

Bondi Realty Group LLC

BondiRealtyGroup.com

203-899-9990

Norwalk apartment

One bedroom, one bath Norwalk-$1050.

Charming one bedroom apartment on quiet residential street. Close to Brookside & Brien McMahon school. Large eat in kitchen, Living room with hard wood floor, Bedroom with hard wood floor. Washer and dryer in unit. Enclosed front porch to watch the world go by. Off street parking and basement storage.

Available immediately

Norwalk apartment

Two Bedroom -1 Bath – $1500

 

 

 
Spacious two bedroom, one bath apartment on 1st level of two family home. Large eat in kitchen with, refrigerator, range, dishwasher & microwave. Living room with hard wood floor and behive style brick fireplace. Within walking distance to Naramake, Nathan Hale & Norwalk High school. Heat included in rent. Tenant pays electric and cable.
Call for more information:

Exclusively Listed with
Bondi Realty Group LLC

Peter & Betty Bondi
www.BondiRealtyGroup.com
203-899-9990