Anonymous wrote:My parents built a cape cid a few years ago in Arlington. It has a large main level master bedroom and bath and 3 bedrooms and one bath upstairs and unfinished basement. It is abot 2000 sq ft above grade. Every builder they talked to said they should build larger and would regret at resale. They hired a renovator who built their house. They loved it but are now moving back to Austria.
Putting word out through their church and neighborhood, they received five offers on the house and it sold for $53,000 above the appraised value. theoruce approached that if large new builds in their neighborhood.
Did they pay cash?
Was appraised value in line with what they spent?
No one was arguing that smaller houses are hard to sell, just that they are hard to sell at a price that covers the cost of building them, and especially if you finance this instead of paying cash.
|
![[Post New]](/jforum/templates/default/images/icon_minipost_new.gif){kind=icon}