How Much Is The Home REALLY Going To Cost You?

By
Real Estate Agent with RE/MAX Elite 513.520.5305 www.LizTour.com SAL.2002007747

true cost of the home?Home A costs $100,000.

Home B costs $125,000.

Which home costs more?

The answer is House B.  That's pretty obvious, right?  B costs 25% more than A, that's just straight and easy math.

Or so it might seem, because the real answer is "it depends".

If House A and B have equal features and are in equivalent condition, then it is just a straight up price comparison.

But let's say the homes are NOT in equivalent condition. 

House A is priced lower because it needs some work.

The roof is near the end of its life.

The home has window units instead of central air.

The carpet?  It's seen better days.

Paint?  It depends on your tolerance for Pepto-Bismol pink.

Start adding up the dollars involved with fixing everything that REALLY needs done.

The gap in prices may close rapidly & that doesn't even account for the hassle factor of getting the work done.

So which home costs more?

It depends.

Which home is the better value?

It depends.

"It depends" is exactly the reason you want an experienced agent helping you make your home purchase.  We're factoring in more than just the price to help assess which home is REALLY the best fit for you.  Sometimes it's House A, other times House B.

Want to discuss further?  Just call Bill at 513-520-5305 or email Liz@LizSpear.com.

 

Serving Greater Cincinnati area home buyers and sellers,

Bill & Liz aka BLiz

 

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Serving Warren County Ohio & Adjacent Areas

 

The Liz Spear Team of RE/MAX Elite
Elizabeth Spear, ABR, CRS, Ohio License SAL.2002007747

William (Bill) Spear, CRS, Ohio License SAL.2004011109  Kentucky 77938
Ask for us by name if you visit the office!

EHO Two locations: Lebanon & Mason, OH
Bill Direct:  513-520-5305
Liz Direct: 513-265-3004     
Fax: 866-302-8418

MailTo:  Liz@LizSpear.com

Search Homes:  Https://WarrenCountyOhioRealEstate.com

Our Website:  www.LizTour.com

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Rainmaker
3,425,959
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Bill. The price can have consequences that require a bit of thinking before determining the bottomline. Enjoy your day!

Dec 10, 2019 04:45 AM #1
Rainmaker
3,482,631
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Liz and Bill - even simple math requires some analysis to determine the "real price".  This is especially true in real estate.  There are differences - some are obvious but many are quite slight and not necessarily readily apparent.  

Dec 10, 2019 04:49 AM #2
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4,021,104
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Liz and Bill- While numbers may not lie, in this case, they don't indicate the value. There is a difference!

Dec 10, 2019 11:14 AM #3
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