Can You Sell The Home You're About To Buy?

I totally agree and have had this discussion with buyers.  Buyers need to consider their plans with the home before making that decision.  

I wonder about that with each home I help buyers purchase.  When it comes time to sell it, how saleable will it be?

Resale is always an issue.  Not the only issue, but one of the facets that should be considered when buying.

This is very clever. Too often we see that people are buying because it is the lowest price, but then they are selling because it is the best.

But if nothing changed, in 20 years you might probably again make it the least expensive

I always ask my buyers to stop and think what they would do with their house if they had to move in a couple of years. I get them to start thinking about a plan and if the time comes sooner than they intended it is not a shock.

I always talk exit strategy with my buyers.  Probably the reason they love the home will be the same for their buyer.  The things they dislike will also be top of mind for their buyer.  Backing to a busy street, electrical lines, etc will reduce the future buyers.  

Very true indeed. Sometimes the slow sale is just an over priced home that took a while for owners to reduce the price. The right price from the start may haven even ended up with better results for the sellers. 

thats so true, if you are wanting a discount today, so will a buyer in a few years

This is not where I thought you were going when I read the headline.  

Now back to the actual topic.  I tell people all the time when they are buying that "steal" that has been on the market so long about the limited number of buyers that have looked at it for various reasons, location, shallow water, can't have a boathouse on that lot, leasehold property, has to have flood insurance to get a loan, manufactured home with limited financing resources etc... Mostly people get it.  Once in a super blood moon eclipse someone calls me because they figured out their resale for flip is not that imaginary thing they thought it was

BLiz - Often a discounted home can be remodeled/touched up to a point where it can become the shining star when you go to sell it.

BLIZ- well done. Because we knew we were going to be moving a lot we always bought with resale in mind. Our houses on the water never had the back facing west. We noticed when we were buying that the houses who did face this way were last to go.

Great post and strategic thoughts!  This has never occurred to me in this exact manner. I do a double take at homes which back up to commercial businesses. I also look hard at homes close to schools. Homes close to schools do not appeal to couples who don't plan to have children. However, they may pose a great location to parents with children at time of re-sale.

Make yourself a great day today!

I often ask my buyer: Does it make sense to sell this property today financially? Then it makes sense to buy it. This is just one question that I ask a buyer in their decision making. We are on the same page. I have ask this question for years. 

I have clients right now that are pretty smart - they keep telling me that they have a crappy location and know that it will affect their selling price.  They remember why they bought it - it was the least expensive in the area.  As long as buyers have good memories, this should not be a problem . . . but of course we know different.

An excellent way to put it... in the enthusiasm of buying too many buyers don't ask that question. And when my buyers get interested in a home that no one else in our area has been willing to buy for a gazillion days, I always remind them that that is probably a harbinger of what they will face one day when they go to sell.

I've had this conversation with clients more often than I care to admit. And often...they buy it any way. Then...we have the conversation again before I list it. 

A lot of times the "deals" have something to do with the condition on the house itself. Maybe it's in dire need of updating and buyers are hesitant to take on the project. Other times however, it's because of a factor that can't be changed(backs to a main road, poorly laid out lot, backs to huge power lines, etc.). Those major factors will still be there when the homeowner goes to sell again and they will have to deal with the buyer hestations.