Market Conditions in 11417>Question Details

Kitty, Other/Just Looking in 11417

why is a home that is list in move in condition categorized the same as others that are very bad shape just because is same type of home?

Asked by Kitty, 11417 Sun Sep 5, 2010

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Jeanne Feenick’s answer
Hi Kitty, "move in condition" is generally a descriptive field. Matters of condition are somewhat subjective, and so what may be "move in condition" to you may not be to others. Because of this I think it best that it remains a descriptive field. Agents/sellers will present their homes in the best light and so while some may boast great condition, those that are sub par will likely not broadcast that the condition is sub par. The goal is to be truthful but at the same time to draw attention, traffic and offers. Condition issues should be reflected in price.

Jeanne Feenick
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0 votes Thank Flag Link Wed Sep 8, 2010
Price range and bedrooms usually determine criteria. So a foreclosure and a move in ready home could be on the same list of homes you are viewing. The sq footage many times determines the price , therefore, if its in MOVE IN CONDITION ,priced the same as another that is not , I would view it immediately , do not hesitate as it will sell faster than the others on your list.
0 votes Thank Flag Link Mon Sep 6, 2010
Dear Kitty,
It could be the location of the home some buyers look for area and neighborhood. It is true that the better the condition the higher the price one buyer may find a home in great condition others think total renovation.
Web Reference: http://LaskerRealty.Com
0 votes Thank Flag Link Sun Sep 5, 2010
Not sure what properties you are comparing--however, a home that is in move in condition will command a higher price--and keep in mind that what may be move in condition for one person, is not necessarily move in condition to another.
0 votes Thank Flag Link Sun Sep 5, 2010
Categorized in what way? If the two are comparables, then the two would be categorized the same (same neighborhood, same style, etc.) except for the price. In your example, the one in very bad shape should be priced less than the one in move-in condition.
0 votes Thank Flag Link Sun Sep 5, 2010
Don Tepper, Real Estate Pro in Burke, VA
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