The other day I was talking to a friend about a particular home that will soon be listed in east Marysville. Like many people, my friend has very tight criteria before he “takes the risk” of home ownership. Okay, no problem right? A few bedrooms, bathroom, a bit of open space – that premonition will be 95% wrong for most buyers. More like: single family home with a shop required, minimum 3 bedrooms, 2 full bathrooms, on at least 1 acre, and has to be near town for schools, shopping, and commuting.
Most real estate agents will probably tell you that homes with those attributes are not as plentiful as one would think – they tend to list and sell very quickly. Sure, a buyer can go farther from the city, buy property zoned R5 with a manufactured home, and save thousands. But in the current buyer’s market why would a buyer settle for a manufactured home when single families are syndicating daily to the market? Buyers won’t make the concession.
After chatting with the listing agent about the home’s features: 60×30 shop, 2 acres, 2,000 sq/ft home all near town. I had call and tell my friend about the opportunity to make his financial move. We jawed for a bit, he was building excitement about the home, and then the risk factor hit him. Let’s call the friend Harry Homebuyer.
[Read more...]
Recent Comments