That apparently is news to some thirty-something buyers, who are far too enamored with the bells and whistles, like granite counter tops and trendy appliances.
Great, but what about other little things, like a roof that doesn't leak, a heating system that won't freeze up when the temperature turns arctic in January, and a basement that is reasonably dry?
A South Boston real estate agent who works with lots of younger buyers in their twenties and early thirties, "rebadad" has lots to say on the subject.
I quoted him the other day on my post on "spoiled" buyers - he has some additional thoughts on the subject that, at the least, are highly entertaining and hopefully useful as well!
I love my young buyers, but they are not knowledgeable buyers. I feel in order to give them the best representation, I have to educate them. They are led by stainless, granite, etc. They concentrate on the kitchen having all the bells and whistles and don't look closely at things I eventually point out as warning signs. Many of them will be extraordinarily upset there is wallpaper! When I tell them it is not the worst fix out there, they settle down. I had one young princess who kept on stroking, literally stroking the kitchen counters. Finally after 20 minutes she said "what is this stuff"? I calmly told her it was formica which was used for years before the arrival of solid surfaces and granite. She said she had never seen it before! I had another young couple who said: "we can't see beyond the "old" (priceles antiques)furniture. We don't think this is the house for us". They passed up a very good deal, with updating, and a home in good condition. I wouldn't give up these buyers for anything. We learn from each other and they end up happy and excited when they buy.
Lamenting the same trend was "Jim in Littleton."
How often do you hear someone say they bought a house because it had a roof or a furnace that was in good shape? Those just aren't the "sexy" items that grab a buyer and make a house a "must have."
The author is solely responsible for the content.