We saw a house that has everything we wanted (location, good schools, price, size, 3 car garage, etc) in a Seattle suburb (HCOL), but no backyard. It has a covered deck and immediately a fence. There is a narrow side yard. We don’t like doing yard work so this is not a dealbreaker. We currently have a house with a large backyard and don’t have time to maintain it and barely use it, even with a 5 year old.
However, I do worry about the impact on resale value. Also, if I wanted to make an offer below listing due to lack of backyard, not certain how much less. List price is $950,000. Thinking of offering $940,000 (husband wants to offer $930,000), 20% down, with financing contingency. Not working with an agent as we didn’t expect to find a house we liked so quickly. Offer review deadline is Monday at noon, don’t think I have time to find an agent. Wondering if anyone has any insight on the impact of lack of backyard on home value and whether this is even a competitive offer? Thank you for your input.
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source https://www.reddit.com/r/RealEstate/comments/1ifs7g1/great_house_but_no_backyard_in_seattle_wa_area/
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