Newer Post | home | Older Post |
Layout is a very important factor, especially in an expensive home |
|
If a buyer is buying over $400K, or even over $300K, the layout of the home becomes very important to them. That is not to say that it is unimportant for a $200K buyer -- but someone buying a more expensive home is oftentimes planning to stay in it for a longer time frame. Back in the red hot market of 2004-2008, this did not matter as much -- inventory was low, buyers were happy to just get a house at all -- but that has changed. Now days, buyers are assuming that they may want to (or have to, if prices aren't increasing over time) stay in their home for quite a while. As a result, they want a layout that works really well for their family. If not the #1 feedback, the #2 feedback I receive from showings of homes priced over $400K is that the layout just didn't work for the buyers. They wanted another bedroom here, instead of there. They wanted a more open floor plan. They wanted a more formal dining room. They wanted a more spacious basement. Challengingly, the layout is something that is hard (nearly impossible) for a seller to change in order to appeal to a wider segment of buyers. Thus, if your home has a layout that continues to not work for buyer after buyer, you must either wait (and potentially wait and wait and wait) for the buyer who loves that layout -- or adjust the list price to make the house (even with its layout) more appealing to more buyers. That said, as reflected in the conversation at the top of this post -- a great deal on a house is not always enough to sway a buyer beyond the layout challenges that a house offers. Recent Articles:
| |
Newer Post | home | Older Post |
Scott Rogers
Funkhouser Real
Estate Group
540-578-0102
scott@funkhousergroup.com
Licensed in the
Commonwealth of Virginia
Home Search
Housing Market Report
Harrisonburg Townhouses
Walk Through This Home
Investment Properties
Harrisonburg Foreclosures
Property Transfers
New Listings