PRICE FOR A FIXER UPPER VS A HOUSE ALREADY FIXED UP.
By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
This mornings question is "What is the difference in price from a home that was repaired versus a home that needs work that is being sold as is?" It comes from the responses of buyers who were looking at bank owned homes, the most common response is "It needed too much work". WHO PRICED THESE HOMES?When pricing a home whether bank owned or owned by a private seller, that homes value is assessed using size, condition, neighborhood and amenities or upgrades in that home. It is only natural that a house that needs more work would be priced much less than a home that was repaired, remodeled or does not need any work. It is frustrating when people look at a bank owned home and they respond "this needs alot of work" the common response most agents would love to respond with is that is why it ...
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