What Happens If You Spend Carpet Allowance On Someting Else

All the best michelle.

What happens if you spend carpet allowance on someting else.

As several others have said a carpet allowance is lost. 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. Go to a carpet store not low s etc.

Buyer s typically ask for much more than 1 99 per sqft for their carpet allowance. 75 showings later the sellers replaced the carpet with light builder s beige. 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.

Payment at closing makes installing new carpet less stressful when you don t have to pay out of pocket right away. Why not carpet allowance. Many home buyer s ask for anywhere from 3 50 5 per sqft on average that is over double the price of what it. Buyer s get deduct happy for work that needs to be done in many cases.

Either reduce the price or preferably replace the carpet with inexpensive neutral carpet prior to listing the property. 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. Yes the seller can offer concessions in the form of seller paid closing costs but the seller cannot give the buyer money for carpet. Additionally old worn out carpet does not allow the home to show in its best light which will result in lower offers.

A buyer may offer less for the home than it is listed for and also want seller concessions. Worn out carpet when they enter the home makes everything else about the house look bad.