Quote:
Originally Posted by SensibleChiefsfan
Well, two things here. #1) A blue carpet of any shade is not appealing to most homebuyers.
#2) People can envision change. But, a person forms a subconcious opinion of the house as soon as they walk through the door. Especially, when that person is looking to move right into a house, not buy a 'fixer upper'.
Every big compromise they make in their mind makes the offer price go down.
And, there is entrepreneureal profit in ever compromise they make. So, if a repair will cost $600, then they want to get the house for at least $1000.00 less.
And, from the sounds of him renovating so much, it seems less than wise to avoid spending a little more to seal the deal.
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a few thousand more is more than "a little more" We had to stretch our funds to do all that work we had done as it is.
Again, my worry here is that the other house ends up selling before we can get an opportunity to bid on it then we did all this work for nothing. I don't want to turn around and do it all again in 5-10 years just because that is what the real estate market dictates.