Don't be fooled by price alone...look at overall cost and condition!
I have a listing that is priced at the top of the market, BUT it is beautiful and needs nothing except a new owner. I have, as I always do, follow-up with Realtors to get both their feedback and that of their clients.
I have found that more realtors have responded with the home is great, but it appears overpriced for the neighborhood. In my description of the home, I like to mention the elephant in the room so as to put to bed potential price objections. Here is a list of homes in the North Phoenix area that are within approxiamtely 1 mile radius of my listing and I venture to say that most of these homes NEED WORK, I mean they are dated, and need upgrades to compete with my newly renovated home for sale.
As a buyer of a primary residence meaning you are purchasing a home to move into and live with your family, you have got to consider the whole ball of wax. I will just say this...if you look at homes that are in original condition or near so, you cannot make a fair comparison between a home that is 30-40 years old with original cabinetry, formica countertops, a 20+ year old a/c, smelly carpet, leaky windows...well you get what I mean by now. If you want to see the home I just completed the renovation on and have priced at retail, click the link. Here you will see a home that has had a permitted addition and the entire home has been renovated...it is truly beautiful and turn key ready for new owners, who by the way won't have to worry about an old a/c unit when temps begin to soar in a few months, because it has a new 3.5 ton a/c with a 10 year warranty, energy efficent double pane argon filled windows and new insulation. This home has over $55,000 worth of renovation alone including additional 430 square feet on new livable space. Now, you can see all homes within a mile priced between $125,000 and $200,000.
Do yourself a favor and ask your Realtor to compare this home in its current condition to the homes they are showing you that are $20,000 less for features and benefits and real world value in dollars and you will see that this is a great home for the money and the fact is I have spent the big bucks to make this home move in ready for someone who will only have to come up with a down payment and all of the new benefits are covered in your low monthly payment. Yes, I mean low...even with an FHA loan, you can have a payment significantly less than rent and surely you won't have to spend $55,000 to make this home up to date...I already did that! I am pretty sure that 2 Realtors who showed their clients this home did them a great disservice by not evaluating the condition, inventory and overall available value in this home, but that may just be your opportunity to take advantage of it as only 1 buyer can call this house home.
I #FlipPhoenix and would like to show you this nice home so you can decide for yourself...feel free to contact me, but hurry...nice homes close to freeways and in Deer Valley School district do not last long...especially when good Realtors start to show them!
Owner is a licensed Realtor in Arizona.
Solutions Real Estate
Are you a HERO? Teachers, Law Enforcement, Military (active duty and retired), Fire and Rescue, 1st Responders, Doctors, Nurses and Healthcare professionals ALL get a piece of the action as my way of saying "Thank You from my heart and wallet"
I pay it forward to HERO's by gifting 20% of the gross commission at close of escrow to you or to the charity of your choice!