Whiteman and Associates - A FOOLPROOF GUIDE TO REAL ESTATE INVESTING

and carpeted bedrooms.

Each important detail of these two townhomes was identical, so I studied every aspect of these sales to find what made the difference.

This is why one home sold for $40,000 more than the other:

• Townhome A was professionally staged, giving it a more appealing appearance. • The agent selling Townhome A took higher-quality, more attractive photos of the home. Those two seemingly small actions made the $40,000 difference! The buyers of Townhome A made a higher offer because the agent presented the home in a more appealing and attractive way.

CONSIDER UPGRADES

Upgrades is one of the trickiest parts of preparing your house for flipping. Remodeling and upgrading your home might bring you a better price and reduce the number of days your home sits on the market.

Or not.

Sometimes, people spend a lot of money remodeling a kitchen or adding a bath and still have trouble selling their house, only now they’ve poured more money into their home and need to get a higher price to recoup remodeling costs. Some remodels add more value to a home than others. Remodeling magazine conducts an annual Cost vs Value survey that lists common upgrades and the percentage of money a seller

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