Reply to New Listing on the hill

Forum Index » Real Estate

Reply to "New Listing on the hill —-good or bad"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]Adding central a/c and updating the kitchen is not asking for a McMansion! It’s overpriced by about 100k.[/quote]

I agree it's overpriced a little. I would offer at 1.1 and see what happens. Could be room to negotiate with buyer incentives -- knowing you're going to renovate, sellers sometimes pony up for a small subsidy towards that which can take the edge off the high price. It's cheaper than the seller doing needed renovations like installing central air themselves, but can help buyers who will want to address an issue or two immediately but will be cash poor post-sale.

However one nice thing about the house is that the size makes these renovations very feasible. Lots of houses on the Hill where adding a master bath, renovating the kitchen, and adding central air would be a much bigger headache because the footprint is so small. The big bedrooms help a ton here because you have a lot more options with the upstairs configuration to add another bathroom without compromising livability of the bedrooms. I also happen to like the main floor layout because of the way it's segmented -- I don't like the houses that wind up just getting gutted into one big main floor room, this one is more elegant. A new kitchen will really make it sing.

I think it will go for more than 1.1 but depending on seller motivation, this might be an opportunity to get a bit of a deal given the work it needs. It's a "good bones" situation, though.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics