All three of these houses were on the market last summer.
Here's the stats:
House #1 SOLD July 07 $129,900
DOM: 46
3 BR, 2 baths, 1,040 sq. ft.
2 car garage, no basement
House #2 SOLD Sept. 07 $132,000
DOM: 121
3 BR, 2 baths, 1,184 sq. ft.
2 car garage, no basement
House #3 Not selling!! List price $129,500
DOM: 355
3 BR, 2 baths, 1,276 sq. ft.
2 car garage, no basement
I have been inside all three houses. They are all on the same street. The floor plans were identical except house #2 had an added breakfast nook. All were similar in quality and appeal. I asked the listing agent of house #3 why he thought it wasn't selling. He says it's because no one wants to pay that much for a home with no basement. Well, evidently that's not true now is it?
There is one big difference in the three. The two that sold had updated kitchens. Eventhough house #3 still had the original cabinets, they are in pretty good shape and the kitchen is nice. So, is there truth to the statement "kitchens and baths are what sells a house"?
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