The final price of a home takes many different factors into account. These factors can range from concrete ones like the condition of the heating and plumbing, to more situational ones such as the commute times.
But if these situational “flaws” don’t affect you, you might be able to get a great house at a heavily discounted rate!
Long/Rough Commute
The farther away a home is from the nearest city center, the lower the prices tend to get. It’s quite inconvenient for those with typical jobs which the majority of home buyers possess.
But if you work from home, only have to commute some of the time, work graveyard shifts or don’t really care about difficult commute, you could get a great house for a bargain value. Be sure to use this fact as leverage during your negotiations.
Make sure to inform us that distance is only a minor concern and we will be able to help you find homes like these!
“Average” Schools
It’s important that we focus on the word average here. If the schools near your dream home are actually bad, that could suggest a myriad of other looming socio economic problems in the area.
However, if the local schools are average or slightly below average, you might want to look into the nearby homes if you are unaffected by this. You could end up saving a few grand with no detriment to you!
Nearby Airport or Train Station
This flaw depends on you. Nearby train stations and airports can be aggravating. The sounds and activity all throughout the night will keep most of us awake.
But maybe you don’t mind the sound, or maybe you’re hard of hearing! Perhaps you like being near these places because you have to travel frequently and you don’t have a car? This requires careful consideration, but it can save you a bundle.
Recent Death in The Home
Superstition can be another powerful card in your hand. If there’s been a recent death in a home that you’re looking to buy, chances are the listing price has been slashed considerably.
If you’re not superstitious, a house with a previous death could be your lucky break. However, be aware that you’ll face the same difficulties as the previous seller if you try to sell the house in the near future.
Ugly But Minor Home Damages
Ugly, chipping paint and outdated rusty faucets are eyesores. In some cases, they may be enough to turn potential buyers away entirely. However, we encourage you to dig a little deeper and consider addressing underlying issues such as slab leak repairs.
It’s imperative that you get an inspection done by a plumber because these problems can serve as a sign of deeper ones. However, if your inspection comes back okay you should definitely think about buying it. Externally ugly houses can be diamonds in the rough.
Just goes to show that it’s the inside that counts!