You’ve probably heard the saying “Location. Location. Location” when it comes to home values. That’s true. What homes around you are selling for has a lot to do with how much any buyer will pay. But there’s a little more to it. If your home backs up to a major road or freeway, commercial buildings or apartments, or high-voltage power lines, the value will be lower than a home in the same area with none of those issues. Whether or not your home has a pool and the pool’s condition, if it does, also matters.
And then there’s your home’s condition.
It’s good to know what experienced cash buyers mean when they talk about property condition.
Homes that have been updated in the last 5 years
Homes that have had some updating in the last 6 -12 years
Homes that need some work – Outdated and need minor repairs
Homes that need a lot work – Outdated and needs major repairs