Ok, I recently went to a house for sale that was listed by their estate. The owner had passed away. He owned it for 30 years. The house is at market price, it’s been on the market for awhile. They had a slight drop. I decided to check it out. The pictures are absolutely deceiving. The house is all original. Meaning it’s absolutely in desperate need of remodeling. The old ugly hardwood floors are scratched up. The kitchen is funky. The bathrooms maybe more funky. Floorplan is cut up and needs some major updating to make it feel modern. Every single window is old and needs replacing. I’m not saying there’s a buyer out there who might not mind all that, but if a house is not “market ready” why ask market prices? Owner purchased it for under 200k and they want nearly a million. They are pricing it the same as what someone who has kept up their house over the decades would sell it at. Come on agents, get real. It feels so greedy. Especially in this economy and these rates.
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source https://www.reddit.com/r/RealEstate/comments/1xn37sz/boomers_houses/
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