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About Jessica Bryan
Expertise
buying and selling process such as:
General questions from first time buyers
How to market a home
Why choose a REALTOR
How do I find a REALTOR
Should I consider buying or selling without a REALTOR--how much can I save
Should I remodel or move
How much can I expect to gain by fixing up my home before selling
Helpful tips when selling
Helpful tips when buying
finding a good mortgage loan
what is the difference between banks, mortgage bankers, and mortgage brokers
Questions from the general public, people thinking about getting their real estate license, newly licensed.
Fellow professionals who have interests in networking and how to get started
What is a market evaluation and how does it differ from an appraisal what are the different loan programs
services a REALTOR can perform
when to use a lawyer
when to use escrow
what are the regional differences in the buying and selling process
what is the MLS and how does it work
how can the layman access information on the web--listings and other information
These are just a few of the questions. I can suggest that if I am unable to answer a question I will refer the inquiry to a source that can.

Experience
Anyone who is in this business and who dedicates oneself to professionalism has continued to take classes and along with it,additional credentials, awards and honors. I can list a host of them, but my greatest accomplishments happen to be those of getting first time buyers (who didn't think they could afford to buy a home)into a home of their dreams. The look on their faces when I hand over the keys is worth all of the hard work.

You are here: Experts > Shopping > Home Buying/Selling > Buying or Selling a Home > Compensating for a lack of a master suite

Buying or Selling a Home - Compensating for a lack of a master suite

Expert: Jessica Bryan - 10/26/2009

Question
Thank you for the wonderful resource. We listed our 3/2.5 1,544 sq ft 1978 brick ranch in June. We've only had 3 showings and very little traffic; though we've been told it shows very well. Our home lacks a master suite. Our largest bedroom has no bath attached and one of our smaller bedrooms only has a private half bath so it does not qualify as a master. (We have one full bath in the hallway. We also have a 3/4 bath in the laundry room off the den.) Based on feedback from the showings and our competition, we are certain this is our deficit. We cannot afford a major renovation to create a master suite; but we would be willing to make other minor changes to help sell the property. Can you offer any suggestions on how we might mitigate for this deficiency in order to be more competitive?

The baths we do have are mostly updated, but the kitchen still features a laminate counter top and older appliances. The windows are original and the mechanicals are older. There are five other homes in our neighborhood for sale in the same price range. Ours is one of the larger homes; but has no garage. Our MLS #92035; we are in Opelika, AL.

Any feedback or ideas you could provide would be very much appreciated.

Answer
Dear Jamie;
Unfortunately your home is functionally obsolete which is a real estate term for the home that doesn't offer what the public requires in a home these days. The design is not appealing to the average person without some major changes. Since that is the case and since you cannot afford to remodel, I suggest that you market the home very aggressively. Let buyers know that you are willing to compensate by lowering the price below the competition. Clearly, there will have to be some price adjustments before you will get anyone's attention. Making any minor changes or cosmetic changes is like trying to put a dress on the elephant in the living room to keep people from noticing its presence! Sorry, but no one today will consider buying the home without a master bedroom. The only way they would consider it is if the price were too good to overlook and then they would buy and remodel.

There is one other thing that you can do. You might consult a decorator who can create something so memorable and gorgeous that it stimulates an emotional response in the buyer. So often a good decorator can overcome a design flaw by taking the attention off of it and focusing on something else.

Best wishes,
Jessica Bryan

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