Being as knowledgeable as you can about your rivals will put you in a stronger position, which is especially true when selling an older home. The potential market value and eventual sales price of an old and new property fluctuate greatly, with the new property typically fetching significantly higher prices.
You’ll be better prepared with a better awareness of the differences between old and new property, current available inventory, and recent sales history. If you’d like to learn more about these differences, read on as we explore the six differences between selling an old property and a new property in Broward County.
Carrying Costs
Carrying costs, or holding costs, is one of the significant differences between selling an old property and a new property in Broward County; typically, older properties cost more energy, maintenance, and unexpected repairs. You may also be carrying traveling costs and the expenses of another property if you’ve moved before selling. Professional buyers like those at AMV Homes can help you understand the potential costs.
At AMV Homes, our professional buyers provide a guaranteed closing date, often within days.
Property Condition
The condition of the property is the biggest difference in selling an old house against a new house. While new residences are often in excellent condition and include contemporary amenities, older properties may have wear and tear, obsolete features, and may require more upkeep. Because purchasers are frequently willing to pay more for a new, move-in ready home, the state of the property can have a substantial impact on the selling price in Broward County.
Rarity
Another difference between selling an old house and a new one in Broward County is that older properties tend to have distinctive architecture; if just a few like yours are available, you may be able to demand a higher price. The professional buyers at AMV Homes can help you understand your market position, target buyer, current market value, potential carrying costs, and more to help you decide on the best way to sell your property.
Modernity
New properties are more desired since they use materials that are safer and more contemporary technology. Due to the price differential between selling an old home and a new home in Broward County, it could be required to make renovations in order to compete.
Our skilled buyers at AMV Homes buy houses as-is, so there’s no need to spend money, time, or effort improving your property.
Marketing
The marketing techniques for old and new homes in Broward County differ greatly as well. New properties frequently include pre-built marketing plans that highlight the property’s characteristics and amenities, such as energy efficiency, smart home technology, and high-end finishing. For older homes, marketing may emphasize the home’s history and character, as well as the opportunity for improvements and enhancements.
Market Saturation in Broward County
If older properties are flooding the market, you may need to adjust your sales price or make improvements to stand out. Professional buyers like those at AMV Homes can help compare what you’d profit by listing as-is or making improvements vs. our offer for a direct sale. At AMV Homes, our professional buyers will detail every figure used to make a cash offer that you’ll agree is fair.
Layout
Newer homes conform to more modern trends, another difference between selling an old property and a new property in Broward County. Professional buyers like those at AMV Homes can help determine if your property requires remodeling to current standards. At AMV Homes, our professional buyers know this may be one of the largest transactions of your lifetime, and we want to help you make an educated decision about selling. We are your neighbors here in Broward County and we are transparent at AMV Homes because we want you to feel good about working with us long after you’ve left the closing table.
Professional buyers at AMV Homes understand the key differences between selling an old and new home in Broward County. When you sell directly to a professional buyer at AMV Homes, we make it simple and straightforward. With our full-service in-house expertise, AMV Homes will lead you through the procedure step by step, saving you time and money. We manage every transaction phase at AMV Homes without closing expenses, commissions, or hidden fees. If you have questions or concerns of any kind, including a request for a specific closing date, please contact one of the professionals at AMV Homes today. Call AMV Homes at (954) 546-4040..