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Frustrated seller tells all

Posted by Scott Van Voorhis April 27, 2012 06:07 AM

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For all the talk about bidding wars, for many sellers, it's still a tough market out there.

Yes, the open houses are bustling and there are clearly more people out there looking around this spring. And sales are up markedly, as I noted here a couple days ago.

But many houses are still sitting, drawing interest, but no offers, as one would-be seller in South Weymouth is finding out.

Lauren bought bought her three bedroom Cape back in 2008 for $300,000 and is now looking to sell for $309,000.

Even then, she will still be in the red, having pumped an estimated $25,000 into various upgrades, from renovating the bathroom to new windows and a new heating system.

Here's a link to the house. It comes with a good yard - a half acre, which is unusual for South Weymouth, Lauren notes.

Yet while there is no lack of traffic since she put her house on the market in February - Lauren's getting ready for her seventh open house this weekend - there have been no offers yet.

And Lauren finds herself wondering whether it's the price that's the culprit right now, or the ugly, mustard colored carpet on the second floor that came with the house.

After chatting with Lauren, I am wondering as well.

She knows the carpet is the problem - a typical comment she's heard back from buyers is that the home is great, but the 1970s carpet is a turnoff.

OK, it is clearly frustrating for Lauren that all the other work she has done on the house appears to be overshadowed by ugly carpet. And it's doubly frustrating for her given she's offered a credit to potential buyers to replace it.

Yet Lauren is considering lowering the price on her house before she replaces the carpet.

While I am sympathetic - buyers should have enough imagination to see beyond the silly carpet - it's the kind of detail, like aging wallpaper, that unfortunately sticks with people.

It's not worth being stubborn about this. Lauren is on the hook anyway to replace the carpet when she sells the house - she's offered the credit.

Given that, she needs to call Home Depot or the local carpet dealer and do it now - it's a job that can be done in an afternoon.

Lauren still may have to drop the price as well to get a buyer. But the carpet has to go.

Anyway, that's my advice for Lauren. What's your take? Be honest but be nice about it.

This blog is not written or edited by Boston.com or the Boston Globe.
The author is solely responsible for the content.

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About boston real estate now
Scott Van Voorhis is a freelance writer who specializes in real estate and business issues.

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