Sellers /On July 24, 2013

I'm selling my home...do I HAVE to paint?

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Beauty is in the eye of the homebuyer.

A study by Old Dominion University real estate and psychology students tracked potential selling my home buyer eye movements to see what works and what doesn’t work in online real estate ads. The results of the work were fascinating, and according to ODU Professor Michael Seiler, is the first study of real estate ads that uses ocular tracking. We would be happy to share the entire study with you, but in a nutshell, it reinforced the value of a can of paint.

People who saw a bright pink room valued the home it was in for an average of $3,500 less than people who viewed the same ad without the pink room. Wow! Even if your paint is stylish, it may overwhelm a prospective buyer…and, get in the way of a positive buying decision if they don’t fancy the idea of having to re-paint rooms. The results of this study send a strong message to the seller who simply says “I’ll give an allowance for the new buyer to paint the color of their choice;” with so much inventory available, and the ease of simply clicking through to another listing if the photos are not visually appealing, it makes the case for painting in neutral colors up front especially compelling.

Hiring a good agent that can help you get your home market ready (paint and all!) is key in this market.

We would love to show you how we can get your home sold quickly for top dollar, AND save you time AND money! Email us at concierge@lizmoore.com, or click below to fill out our Seller Interview.

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Lynnette Tully

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Liz Moore & Associates is a boutique real estate agency renowned for having the region's top agents, with extensive market knowledge and local expertise that is only achieved through relentless training coupled with Liz's extremely high standards for professionalism. When you're buying or selling a home, experience matters.