I could not have said this better. Not only does the Buyer not want the headache, but the Buyer wonders what other things have not been handled correctly in maintaining the home that will come as a surprise. Replace the carpet...YES!
Should I Replace the Carpet or Offer An Allowance?
That is a common question from sellers these days. Many times the sellers just want to offer a carpet allowance instead of fronting the money for new carpeting. Not only is it expensive, but it is also a huge inconvenience rearranging everything in the house to make way for the carpet installers.
The problem is that most buyers don’t want to take on this project either. They want to buy a home that they can simply move in to without the hassle of scheduling carpet installers prior to furniture delivery.
The other problem with this alternative is that most lenders will not allow the sellers to give the buyers any type of a cash allowance at closing. The sellers can pay for closing cost and prepaid expenses, but they cannot hand a check to the buyer for anything.
Homes with brand new carpet typically sell faster than homes that need new carpet. Even though the cost of carpet will be in the thousands, the seller will usually be able to recoop that cost in the price of the home.
A home with old carpet looks worn and tired. Because of this, the seller will need to price the home very competitively. A home with new carpet and fresh paint will be able to price their home in line with the other updated homes in the area.
Be sure to select carpet that will help your home sell. Neutral is best. Don’t pick out blue carpet for one room and green for the other. I have found that the best carpet for selling a home is a light tan speckled frieze.
New carpet helps the seller to sell their home faster and for more money. It’s a hassle seller, but it is so much better in the long run. Would you rather have your home on the market for three weeks or three months?