Should I purchase a Home that is NOT Move-In Ready?

Do you remember that Beauty and the Beast movie where the cute girls falls in love with the ugly beast and then he turns out to be a handsome fella? While there’s many wrong things with that movie, let’s just say… there’s always potential beyond what we see at first sight. It’s no secret that the Houston market is ON FIRE. And finding a deal is more difficult than a tongue twister “How much wood would a woodchuck chuck if a woodchuck could chuck wood?” However, I want you to consider looking at the ugly home. While buyers are fighting for the new shiny listing, how about looking at the home that has been sitting on the market for over 60 days?

Homes that are sitting on the market for an extended period of time make buyers ask… WHAT’S WRONG WITH IT?

In many cases, there is nothing major wrong with the house and the extended days on market can be due to one of the following reasons:

● The home is overpriced.
● It needs cosmetic updates.
● It has a funky layout that is hard to visualize
● A terrible marketing job such as little to no staging, bad pictures and wrong property descriptions.

The good news is – these are all very easy fixes for those with a trained eye. So before assuming the house has something wrong with it, lets look at it.

● If it’s overpriced, your realtor can help you present an offer that is more in line with the market.
● If it needs cosmetic updates and you are ready to take on a project, you can get several quotes from contractors and you might be pleasantly surprised.
● For the funky layout, you might just need to tear down a wall or get creative with how best to utilize that space. Hiring an interior designer can be a good solution for this.
● If the home is not marketed properly, your realtor can help you visualize spaces while you are on the tours and give you a more realistic picture of that house and neighborhood.

Are you a frustrated buyer in today’s hot market? You don’t have to be. Contact me today for creative solutions on how to get into your next home. After all, a first sight beast can turn out into a true beauty with a little effort.

Houston Broker Team
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