Skip to main content

Why “Potential” Doesn’t Sell Homes (and What Buyers Are Really Thinking)

 


Every seller has said it—or at least thought it:

“This kitchen just needs cosmetic updates.”
“Someone with vision will love this home.”

But here’s the reality check.

What Sellers See vs. What Buyers See 🏠

You see:
✔️ Worth $500,000 with “some minor work”

Buyers see:
❌ A $40,000 kitchen renovation before they can even enjoy the house
❌ Six months living in a construction zone
❌ Stress, decisions, delays, and unexpected costs

And that creates a gap.

The result?
Buyers think:

“This needs $80,000 in renovations. I’ll pay $420,000.”

The buyer who supposedly “sees the potential” wants a deep discount to take on the work.

Why “Potential” Rarely Translates to Price 💸

1. Buyers Don’t Want Projects

Most buyers are looking for move-in ready, not move-in-and-renovate.
Even buyers who can renovate often don’t want to.

2. Buyers Can’t Visualize

You’ve lived there for 10 years.
You know what it could be.

Buyers only see what it is today—not your ideas, Pinterest boards, or future plans.

3. Buyers Do the Math

Buyers don’t guess. They subtract.

  • Outdated kitchen: –$40,000

  • Worn carpet: –$8,000

  • Overgrown yard: –$5,000

That’s $53,000 off your price before negotiations even start.

The Brutal Truth: Two Selling Options ⚖️

Option 1: Fix It Before You List

  • Spend: $30,000

  • Sell for: $70,000 more

  • Net gain: +$40,000

Option 2: Sell “As-Is with Potential”

  • Spend: $0

  • Buyer demands: $70,000 discount

  • Net loss: –$40,000

The math is simple—even if the choice feels hard.

What Buyers Are Actually Thinking 🤔

You say:
🗣️ “Hardwood under the carpet!”
They think: “Then why didn’t you remove it?”

You say:
🗣️ “Easy cosmetic fixes!”
They think: “Then why didn’t you do them?”

You say:
🗣️ “Priced for potential!”
They think: “Priced like you didn’t want to deal with it.”

It may sound harsh—but it’s honest.

The Good News: You Don’t Need a Full Renovation 🎯

You don’t need to redo everything.

You do need to:
✔️ Deep clean
✔️ Declutter
✔️ Fix obvious issues
✔️ Paint neutral colors
✔️ Mow, trim, and tidy the yard

Typical cost: $2,000–$5,000
Typical return: $20,000–$40,000

That’s one of the best returns on investment in real estate.

The Bottom Line

Buyers don’t buy homes for what they could be.
They buy homes for what they are
or they discount heavily for the work.

Your choice:

  • Fix it and get top dollar

  • Price it like the fixer it is

  • Or watch it sit, wondering why “buyers don’t see the potential”

They see it.
They just don’t want to pay full price for your to-do list.

Download my simple Seller Prep Checklist here!

_____________________________________________________________________________

Whether buying, selling, or seeking valuable insights into the market, I'm here to be your trusted guide in the dynamic world of real estate. Feel free to contact me for a confidential discussion, where we can explore your goals, address any questions, and navigate the exciting path of real estate together. Your real estate journey is unique, and I am committed to providing personalized assistance tailored to your needs. Don't hesitate to connect. 


Dani | 734-623-9442 | dani@danihallsell.com

Comments

Popular posts from this blog

🏡 Washtenaw County’s Older Adult Millage: Supporting Seniors for a Better Future

  In November 2024, Washtenaw County voters approved the Older Persons Services Millage , a dedicated property tax aimed at enhancing services and support for residents aged 60 and older. The 0.5-mill levy, set to run for eight years (2024-2031), is projected to generate approximately $11.6 million in its first year. 💡 What Is It and How Does It Work? The Older Adult Millage was created to address the growing senior population in Washtenaw County. With over 72,000 residents aged 60+, this initiative ensures that older adults have access to vital services that enhance their safety, well-being, and independence. Funds collected from the millage are allocated to organizations that provide essential services, such as home assistance, transportation, and caregiver support. 👵 Who Benefits? The millage supports older adults (60+) living in Washtenaw County by funding programs that promote independence, safety, and overall well-being. ✅ Key Services Provided: 🏠 Safe & Supported Ho...

✨ Friday Spotlight: Opening Doors with Bank of Ann Arbor’s Community Impact Program 🏡

  When homeownership feels out of reach, Bank of Ann Arbor is stepping up with a powerful solution: the Community Impact Program , designed to help low- to moderate-income Michigan residents become homeowners 💪. Bank of Ann Arbor is committed to providing accessible and affordable mortgage solutions that foster homeownership and financial stability for first-time buyers. Their experienced team is here to answer your questions and guide you every step of the way 🛤️. 📋 Program Highlights: ✅ Supports first-time homebuyers earning 80% or less of Area Median Income ✅ Up to 100% loan-to-value on purchases ✅ Minimum credit score: 620 ✅ Can be combined with the Community Impact Grant Program or other qualified down payment assistance programs—up to $8,000 💸 ✅ No private mortgage insurance (PMI) = lower monthly payments 💰 Meet the Advocate: Constance Pearson Ramirez 💬 At the heart of this initiative is Constance Pearson Ramirez , Community Engagement Officer at Bank of Ann ...

💖 The History of Valentine’s Day: From Ancient Rituals to Modern Romance 💌

  Valentine’s Day, celebrated every February 14 , is a day dedicated to love and affection , often marked by the exchange of cards 💌, chocolates 🍫, and flowers 🌹 . But the origins of this romantic holiday are steeped in history , blending ancient traditions, religious significance, and cultural evolution over centuries. 📜 Ancient Beginnings: The Festival of Lupercalia The roots of Valentine’s Day can be traced back to ancient Rome 🇮🇹 , where the mid-February festival of Lupercalia was celebrated. This pagan festival , held between February 13 and 15 , was a fertility rite dedicated to Faunus, the Roman god of agriculture 🌿 , and Romulus and Remus 🐺 , the legendary founders of Rome. It involved animal sacrifices 🐐 , feasting 🍷, and rituals where young men would draw the names of women from a jar, pairing them together for the festival (and sometimes longer 💞). 💔 The Legend of St. Valentine The romantic association of February 14 is often linked to St. Valentine , thoug...