Home Selling in Simi Valley>Question Details

Starz1999, Other/Just Looking in Simi Valley, CA

Why are these houses so much but their so old?

Asked by Starz1999, Simi Valley, CA Wed Sep 2, 2009

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Starz1999,

Our job, as professional real estate agents, is to bring together Buyers and Sellers. Another goal we have is to bring together the description of homes -- so that the ones that are, as you say, SO OLD will soon become SOLD! The oldest house in the world is approximately from 10,000 BC and was made of mammoth bones. The oldest house in the USA was built in the early 18th Century. So you decide, 2 years, 2 decades, or 200 years old -- We can help it become SOLD :-) Bonnie and Ted make it happen every day in Simi Valley...
1 vote Thank Flag Link Sat Sep 4, 2010
Hi Starz1999,
Good question...There is value with older homes as well, it can simply be a matter of taste too. Examples:
established neighborhoods have landscaping done, quality of materials may be noticeably better than new construction or have more architectual appeal, larger lots, no HOA, zoning, uprades may be done, ect...
Homes sell relative to the comparable sales in the area, but it comes down to your unique desires.
1 vote Thank Flag Link Tue Sep 15, 2009
Starz1999,

Well I was just in Chicago for 5 days and my cousin has a 3rd floor (no elevator) condo in Wrigleyville that is 2 bedroom. The building is 100 years old it's over $300K. There are only a handful of homes in Simi built before 1950. I really think if you look at the different areas in Southern California you will see that price, age, location and size fluctuates like any other city.
Web Reference: http://www.homebuysblog.com
1 vote Thank Flag Link Wed Sep 2, 2009
I have seen the same thing. A brand new house ( to be built) is the same price as a house that is 30+ years old. It seems to me that people are just not realizing that houses break down with age. That insulation matters, and that repairs come more with older houses. Older houses have flooring that is worn, pipes taht are old, and are not energy efficient. Then again, some people say that the older houses are built stronger with old growth wood that will take longer to rot away. My theory is people are stupid and will pay the same price not taking age into consideration, but that is just a theory.
0 votes Thank Flag Link Mon Oct 19, 2009
Homes sell relative to the comparable sales in the area. Lenders will not fund on overpriced homes.
My suggestion is for you to get qualified for a loan, look for market value properties in your range, and investigate the ones that are considerations (in that order). Any other strategy and you may be wasting your time.
Web Reference: http://www.PaulAragon.com
0 votes Thank Flag Link Wed Sep 2, 2009
Hi Starz, Some buyer love to look at older homes because they are often built farther apart than new homes so there is excellent privacy when compared to newer homes that are closer together. Some people want to have space for hobbies too. What areas are you looking at that seem too expensive and what is your budget?
Web Reference: http://www.SimiLiving.com
0 votes Thank Flag Link Wed Sep 2, 2009
Living in Southern California has it advantages and disadvantages. Good luck in your search!
Web Reference: http://tekrealestate.com
0 votes Thank Flag Link Wed Sep 2, 2009
Starz.... to which area are you referring to...

???
Web Reference: http://www.themmteam.com
0 votes Thank Flag Link Wed Sep 2, 2009
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