What Happens If You Spend Carpet Allowance On Someting Else

My aunt uncle own a carpet store and they said for me to expect to spend about 60sf 5 40sy on carpet labor 2 00 4 00sf 18 00 36 00sy on carpet good to uppper grades not basic and not highest end either plus you will also have the cost of the pad and the sales tax.

What happens if you spend carpet allowance on someting else.

Either reduce the price or preferably replace the carpet with inexpensive neutral carpet prior to listing the property. Carpet allowance was offered with large sample books lent by a favorite local flooring dealer. 75 showings later the sellers replaced the carpet with light builder s beige. Worn out carpet when they enter the home makes everything else about the house look bad.

Additionally old worn out carpet does not allow the home to show in its best light which will result in lower offers. Many home buyer s ask for anywhere from 3 50 5 per sqft on average that is over double the price of what it. Yes the seller can offer concessions in the form of seller paid closing costs but the seller cannot give the buyer money for carpet. Buyer s typically ask for much more than 1 99 per sqft for their carpet allowance.

An allowance for the carpet does not give them a good first impression of the home. Tell them what you want in a good carpet and am willing to take one you give me a good deal on. Payment at closing makes installing new carpet less stressful when you don t have to pay out of pocket right away. Get the new carpet it will net the seller s more money than a carpet allowance will.

Within a week there were three offers and the home sold to a couple who had been through the first week the home was on the market. Fresh paint and flooring will get the biggest bang for the buck when listing a home. Don t buy too cheap of a carpet. All the best michelle.

A buyer may offer less for the home than it is listed for and also want seller concessions. Go to a carpet store not low s etc.