There is no easy way to say this, there are a lot of bad listings out there right now. People who see houses that are the same general type as theirs (it’s a two story home with four bedrooms and two baths!), are listing at the same price while being dramatically different from their competitor.
One house is listed for $300,000 and has been completely updated, kept in good condition, and has earned every bit of the appreciation they have accumulated over the ten years the current owners have lived there.
The house next door is also listed for $300,000. It is the same style, size, and similar layout. However, the sellers have not done anything to the house since they bought it nine years ago, and the deferred maintenance is shining through.
The thing is, just a few years ago, sellers could get away with this. Money was so incredibly cheap, that people were fighting just to get the house in the area they wanted with the space they needed. They could do whatever they wanted after that. And there was so much buyer competition, just getting a house was a difficult task in many areas.
Now though, money got much less cheap. Materials have become more costly. Life has become more expensive. So, if you are expecting someone to pay top dollar for your house, and then put tens of thousands of dollars into it to solve the issues you ignored, it is going to be a long listing.
On the other side, if you see a house you want to buy, and it has a lot of issues you don’t notice, you could be in for a rude awakening.
It doesn’t have to be this way though. Whether you are buying or selling, you can have me on your side. I can tell you what needs to get done to list at the price you want, or I can tell you what is a reasonable price to get the property sold. Conversely, I can walk through the house you are considering buying and help you purchase with eyes wide open.
Let me help. Call me today: 515.724.3163.
As always, I love doing what I do. I love looking at the market, and I love building relationships with the people I get to help. Let me know how I can help you. Call me today. You can reach me at 515.724.3163 or RyanLynch@KW.com. I am good at what I do, and I want to help you.
~Ryan Lynch
