Comparisons are okay, as long as it is apples to apples.
Even at that there are many varieties of apples and they may be in any state of edibility... or not!
What about houses?
When I purchased my first home I was 18 years old and my criteria for home buying was that the house was solid and that I could comfortably afford the payment. Comfortably meant , at the time, I could buy enough groceries not to starve. That being said I did miss a few meals.
Back to Apples to Apples only now
Houses to Houses
If you were to pick one of the above as your primary residence of course you would pick the one one the left. However if you are a DIYer to the extreme and you wanted to flip a home for profit or fix one up as a rental the one on the left may get your heart racing. If I were a younger man I'd love to work on that house to the right.
One thing I learned in my decades of Real Estate is that their is a buyer for any property, even a rotten apple like the one on the right.
My point is really more to the Sellers than the Buyers of Real Estate. Yes, there is a Buyer for your property BUT don't expect the home on the right to sell for the price of the one on the left no matter how hot your market is! Don't scoff at the price your Realtor says your house is going to sell for. If Zillow says it will sell for twice that price it is Zillow who is full of crap (ask them to buy it). Your local Realtor is the one with the boots on the ground and who knows many of the homes in your neighborhood inside and out. If you don't believe your Realtor have a local appraiser appraise it. (then go back to your Realtor with your tail between your legs and apologize).
Comments (18)Subscribe to CommentsComment