Over the weekend, I have heard this comment 3 times.
Well, it really is not the location or the age that decide that, it is the price.
No matter a 50 year old house or a 2 year old house, no matter a house in best school district or in the far end edge of town, how fast it sells really depend on its price comparing to houses similar to it.
If the house across the street with same age, same size and same style just sold for $120,000, although you updated your furnace and air conditioner and spent over $6000, it would still be hard for the updated home to sell for $127,000.
Money that homeowner spent on updating does not always come back to them in sales price.
It may help it to sell faster -- in turn that is saving seller money indirectly. Just think of the mortgage interest and real estate taxes for 3 more month.
Moreover, a vacant home's insurance is a lot more than normal owner occupied home. Last time I checked, it was 3 times more.
In addition, there are factors no one can control, such as a highway being built after owner buys the house, or the change of school districts decided by the local government.
Life is an adventure, isn't it?
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