I just sold my house (under contract). I put the money into things a pre-inspector found and wanted to make sure that the house was structually sound. But all the complaints were (it needed updating). And no, we are not talking about really bad stuff, but I have tile in the kitchen and master bath, and “gasp” have carpeting upstairs. Yes, we conceded on price.
Down the street is a house that is fully upgraded with high end stuff. They are asking 50K more then what I asked. I bet its under contract by end of the weekend. What I observed is that people wants either
- no updates done, with price to match, but many times investors are coming in and taking the house to “flip”
- or fully updated with the “Greys”, hardwoods/laminate throughout, all systems new, and so on . then you can ask a high price.
Where we are moving , we got tired of the resale market, and are opting for new construction, after looking at probably 30 homes. There was one house we wanted for resale, but went under contract before we could get in. Im tired.