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Real Estate
Reply to "Buyers can't have it both ways"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Millennials here are proving my point, y’all are lazy!![/quote] Anyone can take down wallpaper and re-paint. That’s not bad, just time-consuming. You can also learn a lot about relatively minor stuff from YouTube videos, like installing a new kitchen faucet. But are you going to do your entire kitchen renovation yourself? Are you going to demo, hang those cabinets, take the right accurate measurements to get the granite guys to cut you the right size counter top, and while you’re at it demo your current flooring and then install your new floors? Are you going to rip out and then install a brand new toilet in your half bath to replace the one the previous owners hadn’t touched in 30 years?? It’s not “lazy,” it’s just being stretched financially to where you can’t afford to make hire contractors to make big repairs right away. [/quote] I don't think you read my post - the house I'm referring to needs purely cosmetic changes. It's outdated in style, but the kitchen is updated and the systems are newish. The exterior is really nice. I really, truly think a lot of buyers just want "turnkey" and are unwilling to do work on their house - maybe PPs are right and they don't have the money, but we bought our first house in very outdated condition and spent a few years updating it to our liking. Nothing was wrong with it, it just wasn't to our taste. Our initial updates were just paint and light fixtures and it made a huge difference. I wish I knew these neighbors - I'd suggest they paint and stage and try again. Either their real estate agent sucks or they didn't listen to her. Our house is very similar, we snapped it up. We haven't had to make any initial cosmetic changes except painting one room that one of my kids wanted to be pink instead of gray and swapping out a light fixture. [/quote] I don't think you read most replies. Fronting an additional $25K is a stretch for most first time home buyer, especially given the rapid rise in mortgages in the last 2 years. Plus contractor costs are hugely unpredictable and the $25k could end up being 35-40k. Buyers are not biting because they have better options.[/quote] +1, I don’t understand why OP is so fixated on this. We moved to a bigger, nicer home 2 years ago and we did not want to take on any updating/refreshing because we we were coming from a starter house half the size and needed extra cash on hand to furnish the house to our liking. It’s not some kind of personal affront for buyers to want turnkey.[/quote]
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