Congratulations on your new home!
JUST SOLD! This 5 year new home was not easy to sell though. On paper it looks like an amazing deal: 3 bedrooms, 2 full baths, built just 5 years ago and the back yard borders a large park area/soccer field all for an asking price of $169,900. But with so many homes for sale in this Madison neighborhood the objection to the floorplan was constantly noted by potential buyers along with the lack of storage. Selling a home in today’s market is more than just pricing it right. It is important to present the home in its best light and to promote it to a targeted market.
In a popular Madison area neighborhood on the Southeast side, this split level home has a living room upstairs, wonderfully vaulted ceilings, kitchen, dining area and a master bedroom and master bathroom. The lower level has 2 bedrooms a full bathroom and the mechanical room (with some space for storage). Understanding and listening to what Buyers really want takes skill and patience. What did buyers object about this great home? They want all 3 bedrooms on the same floor. They want the master bedroom to provide a bit more privacy (it was a negative that it was directly off the dining/kitchen area). Buyers want storage. They want their basement to provide storage and this home had a lower level that was completely finished which cut into storage space. Buyers also want a family room. However, when you get into a lower price range you find that buyers make concessions. The Buyers that purchased this home loved the fact that this home was move in ready with neutral and warm paint colors, nice window coverings, newer appliances and didn’t mind the floorplan. The 2 car attached garage gave it the storage they needed (coming from a rental with no garage) and the proximity to the green space in the backyard was a huge bonus for them. At a final sales price of $163,500 this home was an amazing opportunity for the Buyers.
There is give and take in buying a home on a budget.
The Buyers love their new home. The Sellers are relieved to finally move on to new places.
And we loved making it happen. Our team of Realtors are here to help Sellers understand the complexities in selling a home right now and planning their future real estate moves. The Alvarado Group team has trained agents that specialize in helping Buyers understand what their needs and wants are in their next home and the best way to get there with the least amount of added stress to their already busy lives. We love helping our clients (and from what we hear from them, they feel the love too!), we love engaging with the community and we are passionate about a strong local economy. We don’t just have a mission, we live our mission.
What a crazy 2020 that was. I’m sure you’re sick of hearing that, but it truly was. Everyone experienced different struggles, and hopefully, we’re in the home stretch. As a real estate company, we saw a change in our industry, too. Thankfully, we still had a busy year with 70 closings and many happy new homeowners. However, the home buying and selling process looks a lot different now than it did before Covid-19.
When everything first shut down, it was no surprise that some people withdrew from the market. Many potential homebuyers were nervous to go into strangers’ homes and many Sellers were also nervous having strangers tour inside their home.
The spring market was largely impacted by Covid-19. Home sales in April and May dropped... 
Buying a home can be a complex and time-consuming process. If you need that home to include certain accessibility features to accommodate a disability, the process can be even more of a challenge.