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Reply to "Feeling despair at market"
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[quote=Anonymous]A good friend tried to sell his house with a disclosed oil tank (different market, several years ago). He got nowhere. His agent finally convinced him to remove the tank and re-list. He then immediately received offers that were significantly above previous list price plus his cost to remedy. The thing is buyers, especially first time buyers, have no stomach for repairs. That can mean a property with an issue like the tank, will actually sell under market value as the repair depresses the price by more than it will cost to fix. If you’re losing out on turn key, and you have an idea what this issue could cost, it’s one way to get a house in this market. Also, you don’t need to deal with the tank day one, you just want to budget for it’s removal will before you plan to sell. Beyond shopping for such a house you need to figure out what you can bring to the table, more money, free rent back, quicker closing, fewer contingencies. Money is the most sure fire but it means shopping bellow budget, as the PP said.[/quote]
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