U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > North Carolina > Raleigh, Durham, Chapel Hill, Cary
 [Register]
Raleigh, Durham, Chapel Hill, Cary The Triangle Area
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
Reply Start New Thread
 
Old 08-26-2010, 08:20 AM
 
Location: Durham, NC
449 posts, read 478,030 times
Reputation: 360

Advertisements

Quote:
Originally Posted by VickiR View Post
It depends on the neighborhood...does everyone else have hardwoods?

It depends on your price point...a $100,000 house? No. A $400,000 house? Maybe. A $750,000 house? Yes, add the hardwoods.

Vicki
See, I think the other way - I'd give the buyer a credit.
One, let them deal w/the contractor, mess & fuss. You are stressed out enough selling the house & moving out, why add one more thing to your list to do?

Second, what if you do the hardwood & they walk away/change their mind? I guess if you had a binding deposit from them for the amount of the work I'd feel better about spending the $$. But the risk of doing the work & having them back out would scare me. And then what if the next potential buyer didn't want hardwood?

Quote:
Originally Posted by VickiR View Post
So, when you are adding on, get what you want. Don't expect you will get back every dollar you spend when you sell.
Vicki
ITA Any work we've ever done in a home was for us w/absolutely no concern about the return on investment. Of course we are the type who plan on staying put for many years (15 years in our last home). I want my home to be something I like & am comfortable in. Why live in something that you dislike or that bugs you just because someday, someone who may buy the house would want XYZ?
Reply With Quote Quick reply to this message

 
Old 08-28-2010, 08:37 AM
Status: "Nothing could be finer than to be in Carolina" (set 28 days ago)
 
Location: under the beautiful Carolina blue
9,058 posts, read 10,435,825 times
Reputation: 5051
Quote:
Originally Posted by drobdrob View Post
We recently sold a 15 year old 250k home on a quarter acre lot in Cary in a good established neighborhood with good schools. Here is what the buyer expected and we had to fulfill to complete the transaction:
-hardwood everywhere except kitchen.
-tile in kitchen
-absolutely no vinyl anywhere.
-granite countertops
-stainless steel appliances
-fresh coat of neutral paint everywhere
-new heating/cooling system
-new roof

With such a huge inventory of homes available in the triangle, the buyers have an upper hand. Some of the demands and expectations are quite unreasonable in my opinion but I guess its a true buyers market and if you want to sell your house, you will have to say yes to anything the buyers want.

Its sad but true.
Wow, you must've been desperate to sell (not said snarkily) - if I was going to do that much work I wouldn't move. That is insane. WHo represented you in this transaction?
Reply With Quote Quick reply to this message
 
Old 08-28-2010, 10:35 AM
 
54 posts, read 79,562 times
Reputation: 62
We were more frustrated rather than desperate to sell. The house had been sitting on the market for 8+ months and made no sense to pay 2 mortgages. Good thing is that we still made about 30k after paying for all the upgrades and commissions, etc so we are glad that someone was interested in buying it and made sure the transaction completed

Its tough to compete with brand new homes with all the latest bells and whistles at the same price point. Like I said before, basic economics, its a buyers market so requests/demands that buyers make these days may seem completely unreasonable under normal circumstances if they supply/demand ratio was even.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:



Over $84,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > North Carolina > Raleigh, Durham, Chapel Hill, Cary
Similar Threads

All times are GMT -6.

2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top