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Would you Buy That House in a DOWN MARKET?

Reblogger Roseanne Campagna
Real Estate Agent with John L. Scott RE Maple Valley, WA

 

Hey Buyers! Perhaps the fear of rising interest rates are motivating your decisions, but here's some good advice in our current seller's market. The Puget Sound is experiencing this very thing so be sure to ask the question before signing.

 

Original content by Joan Cox DRE# ER40011786

 Would you Buy That House in a DOWN MARKET?

 

 

When in a Seller's market, Buyers are writing on everything just to be able to get a home.

 

 

Would you purposely go out and look for a home that backs to a six-lane busy street?

 

Would you purposely go out and look for a home that has a transformer and power lines directly behind the house?

 

Would you purposely go out and buy a home, pay top dollar that needs $10,000 worth of work done on it?

 

Home needing work 

In this frenzied Seller's market, Sellers are holding the cards and listing homes needing work, commanding top dollar and most often, getting it.

 

Buyers need to be reminded - homes less desirable will sell in a strong Seller's market, but down the road when the home needs to be sold, will it STILL be so desirable?   Or, will the home need to be sold at a discount due to location?

 

 

 

 

 

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Joan@JoanCox.com

720-231-6373

 

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Posted by

Roseanne Campagna

John L. Scott RE
Maple Valley, WA

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206-550-3793

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  Home is where the heart longs to be...

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Roseanne, thank you for the re-blog, we need to get the word out!

May 19, 2014 10:03 PM
Larry Lawfer
YourStories Realty Group - Newton, MA
"I listen for a living." It's all about you.

Roseanne, this is good advice.  I stear my clients away from some of the houses you write about.  I want to make sure my clients are in neighborhoods that will appreciate over the next 5 years when statistically they might move on.  If I do a good job now, then in 5 years they will be even happier.

May 24, 2014 03:26 AM