Jul 01
Question: The carpet is _______ (gross, stained, dirty, ripped, smelly, non-existent): Should I offer a carpet allowance when I sell my home?
Answer: No. Replace the carpets.
Buyers almost always overestimate the cost of replacing the flooring. Have it replaced yourself before you put the house on the market. Yes, it’s a hassle, especially if you still live there. Do it anyway. Trust me on this one, I work with people buying and selling real estate here in Tucson every day. Oh, and replace it with something simple and neutral. My buddy Andy over at Castle Flooring has a series he calls “Realtor Beige.” A smart man, that Andy.
July 1st, 2007 at 7:35 pm
Agreed. Completely. The seller will almost always save by getting new carpet installed vs. offering an allowance.
Nice talking to you the other day BTW…
July 1st, 2007 at 9:26 pm
We had a little office poll about 2 years ago, asking agents if the allowance or just replacing it was better, in their experience. Replacement was the way to go, overwhelmingly. Some buyers just can’t see past bad carpet, allowance or no.