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Would you Buy that Home in a Buyer's Market?

Reblogger Roy Kelley
Industry Observer with Retired

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? 

 

No photo description available.

Princess Lily, Kentlands Photowalk, Gaithersburg, Maryland USA
Canon PowerShot G11 Camera
Photograph by Roy Kelley
Roy and Dolores Kelley Photographs
Original content by Joan Cox DRE# ER40011786

 

 

In this 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 and waive the inspection?

 

Home needing work 

In this frenzied Seller's market, Sellers are holding the cards and listing homes needing work, commanding top dollar and 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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Posted by

Roy Kelley, Retired, Former Associate Broker, RE/MAX Realty Group

Gaithersburg, Maryland  

James Dray
Fathom Realty - Bentonville, AR

Morning Roy. 

We all know a correction is coming, we are waiting on just that to buy our final home.

May 23, 2021 02:40 AM
Roy Kelley
Retired - Gaithersburg, MD

Please be sure to leave comments at the original blog by Joan Cox

May 23, 2021 05:22 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Thanks Roy for the reblog, I appreciate it.   Hopefully, buyers have agents to guide them through a purchase and NOT end up with a home that will be difficult to sell when the market shifts.   

May 23, 2021 06:32 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

That is a great question to ask oneself in today's market. Thank you for sharing Joan Cox's post, Roy Kelley 

May 23, 2021 01:05 PM
Roy Kelley
Retired - Gaithersburg, MD

Your feedback is always welcome and is very much appreciated.

May 24, 2021 08:50 AM