All buyers will become sellers at some point.

By
Real Estate Agent with Bucci Realty, Inc. BK3064647
If a home is not going to be a buyer's "forever home" I always urge caution in the decision.  More specifically, I suggest consideration be given to the end game.   All buyers will become sellers at some point!
 
By that I mean consider points such as
  • How long one will live in the house?
  • What is the purpose of the purchase (invest, primary residence)?
  • What about the length of ownership planned/potential, etc.? 
  • Design questions like pool or two story should be considered.
If the intent is to sell and move up later then consider whether some characteristics are worth paying the money now?  Some characteristics of your home will restrict your buyer pool.

What are some of the characteristics that will cause buyers to scratch your home off their list?

The obvious ones include location and/or the presence of a home owner association.  If there is a homeowner association what is the fee structure?    When it comes to associations there is no middle ground - people either like them or not!

Consider whether a two story home is really needed.  Two story homes are less common in this area.  If your prospective buyers are retirees/older then the hassle of a second floor can be limiting.  Even if the buyer is younger there is a certain inconvenience to being multi-level.

Still, if a two story design is desired consider having the master suite on the first floor.   I have found buyers will be more likely to consider a two story if the master suite is on the ground floor and the other bedrooms are upstairs!

Another consideration is the private in ground pool.   Lets face it, not everyone wants a pool.  Pools require additional maintenance as well as increases risk and property insurance.

My point is simply...buy what you want but consider what you will be doing down the road.   Five or six years from now when it is time to sell is the wrong time to think if only this was a one story!
Ready to buy a home in Viera, Florida?  Call or text me at 321-693-3850 for real estate information.

 

Posted by

Gary L. Waters, is a Florida licensed real estate broker associate with Bucci Realty, Inc. in Melbourne, Florida.  

 Call or text me directly at 321-693-3850.

 

 

 

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Rainmaker
1,644,464
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

This is very good advice for buyers - and their agents.  Everyone needs to think through their time line! 

Aug 12, 2017 04:39 AM #1
Rainmaker
3,135,677
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Gary. Having an exit plan before entering can cause you to make better decisions! Enjoy your day! 

Aug 12, 2017 05:23 AM #2
Ambassador
2,630,901
Liz and Bill Spear
RE/MAX Elite 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Gary, It's a similar conversation that I have with my buyers.  What are the pros and cons for resale?  Now some of my buyers are buying what they intend to be their last ever home, so not as critical for them.

Aug 12, 2017 06:34 AM #3
Rainmaker
3,975,651
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Well, most wll.  My wife has owned our house for over 50 years and has no intention of leaving on foot.

Aug 12, 2017 07:07 AM #4
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Rainmaker
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Gary L. Waters Broker Associate, Bucci Realty

Fifteen Years Experience in Brevard County
Whatever your need, let me help you!
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