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Reply to "Vienna house sold for $1.95M—that's $200k over asking. At that point, why not just go for a brand-new build?"
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[quote=Anonymous]Lol, this house embodies what I find so frustrating about real estate in this area. It's a perfectly fine house, and it's large, so I get its original list price. But going for 200k over ask? It's not even an attractive house! The exterior is boring with bad proportions and that awful tacked on rock work around the garage. The inside is just run of the mill "modern farmhouse" crap -- reasonably high end finishes but the design choices are going to look dated and tacky tomorrow. It has weird flow. And *this* is a house that gets bid up like that? But I get it, because it's finished and fully upgraded, and that's incredibly hard to find in an existing house. Which yes, some people want because another owner has essentially broken it in, and you are less likely to get weird problems the first few years (everyone I know who has bought a new build has had to deal with some weird BS like drainage, bug infestations, poorly applied flashing, etc. because contractors in this area do shoddy work). But it's just depressing that this is what you get for that price. They essentially made it look like a new build (which are mostly hideous as well) using an existing house, which they could do because the house was already the same size as a new build -- most older homes are not.[/quote]
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