As a buyer, you might get more sq footage and more amenities as a result. Keep in mind that you may have to dscount accordingly once you are on the sell side if you pursue this route. There are simply more buyers pursuing colonials than splits.
Deborah Madey - Broker
Peninsula Realty Group
Does anyone think about posting an answer to a question that was asked 4 years ago is relevant ? -or- does it look to homebuyers/sellers that the agents that answer do not pay attention to details?
I guess that this question could be relevent in todays market.. but would it look better for the agent to state.. "I know this question was asked 4 years ago, but in todays market".. blah, blah... instead of looking like just sitting at the table and not noticing you are the only one there? Or is that just my interpretation?
In total, there were about 1,500 sales in the sample from the 3 counties. So the Essex and Passaic data seems to confirm what I found in Morris. Splits, believe it or not, sell in ever-so-slightly less time than Colonials. Shocking and disturbing. I will not sleep well tonight.
So, based on this data, at least in Morris County, it would appear that they both take about 2 months to sell, and design is not the deciding factor. So if you have a Split and price it correctly, it will sell just as fast as a Colonial.
I have seen many colonials that are not as appealing as some splits I have seen.
So, I guess it depends upon the style. I do not agree that there are more buyers pursuing coloials then splits. I do not see that.