It may not be a deal breaker for all protential buyers but cerainly for some and it will definately have an affect on the price a buyer is willing to pay. And, even if you agree on a lower price, as soon as the home inspector tells them then need to have the electical box updated, they will forget that the agreed price already took that into consideration and they will ask you to either have the work done or pay with a credit at closing.
Even if you list the house at a lower price, it's a problem because buyers who can afford less won't have the money to do the work. Even if fuses are safe, people worry about electricity.
So you have 2 choices: do it now, or do it later...later always ends up costing more. Probably not the answer you would like to hear, but it's better to know.... more
I think it depends on the type of home, but there has definitely been an incentive in place for first time home buyers that will no longer be available, so it isn't going to help the situation especially if you are selling an entry level home.
I just read this article yesterday as well which should also be of concern.
When interest rates rise, buying power decreases. In the short run, this could be an incentive for buyers to buy before the rates increase. Also, the spring market is typically a busier time for activity.
Your real estate agent can help you with deciding on an asking price by providing you with data on comparable properties that have recently sold as well as competitive listing data. This will help you price your home competitively while attempting to maximize your sale price.... more
your best bet would be to gat a market analysis from 2 or 3 realtors and discuss with them, the best startegy and what updates will yield the bets return. I would be happy to be one of them. contact me at website below.... more