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House selling/buying help

We want to sell our home this spring.  We had our oil heater maintenanced yesterday and its ready to go.  As a buyer would you prefer a home with a brand new heater or a credit towards? 

as a seller, would you replace it because then you could choose what price/quality was installed?

Re: House selling/buying help

  • As a buyer I would want a new one in so I didn't have to do the work. As a seller I would want to replace it beforehand because with 95% home related things, I know someone who would do it for me at cost and wouldn't want to deal with the buyer getting something for an insane amount of money.

    I am lazy, cheap and like to be in control. Not very good qualities now that I think about it. Lets go with lazy, resourceful and type A?

     

  • I'd want it new already.  One less thing to have to worry about when moving. 

    Yes to second question.

  • As a buyer, I'd definitely prefer a home with a new heater than one with a credit. 
    As a seller, I'd piss and moan about having to spend money and eating into my profits.  When you're selling what is likely to be a starter home, you have to be careful not to overdo your renovations and such, but you also don't want to under do it.
    image
    "That chick wins at Penises, for sure." -- Fenton
  • As a buyer, I want it done. 

    As a seller, I would want to use it as a negotiation point.  If it is already done, the buyer probably won't even think about the new cost/expense.

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  • imageVinny2008:

    As a buyer, I want it done. 

    As a seller, I would want to use it as a negotiation point.  If it is already done, the buyer probably won't even think about the new cost/expense.

    Vinny has a good point. Especially if it's a starter home because people can't afford as much and will haggle over repairs. Offering a home warranty as part of the negotiations is a good idea too.

    As a buyer, I'd fear that someone trying to sell might not be thinking long-term and buy some piece of junk that breaks down or leaks. But I don't think most people think this way and would rather be saved the stress.

    image

    "The meek shall inherit the earth" isn't about children. It's about deer. We're all going to get messed the fuckup by a bunch of cloned super-deer.- samfish2bcrab

    Sometimes I wonder if scientists have never seen a sci-fi movie before. "Oh yes, let's create a super species of deer. NOTHING COULD POSSIBLY GO WRONG." I wonder if State Farm offers a Zombie Deer Attack policy. -CaliopeSpidrman
  • I want it done, especially something that isn't a personal cosmetic choice. We are buying right now and all the different credits and allowances annoy me. If work is done and you plan on paying for it I would just take care of it.
  • On a smaller starter house, I say get a new one yourself and try to get a deal.  Then you can put in your description, "Brand new HVAC, retails at $3500" even though you paid $2800 (cross fingers).  If you give the credit, there's no fudging on value.

    If it was a longer term home where someone might be wanting to invest in a more energy efficient one, I'd say give the credit.  No one is going to buy a mac daddy $10k HVAC for a 1200 sf house.  

    image
    "As of page 2 this might be the most boring argument ever. It's making me long for Rape Day." - Mouse
  • A lot of big ticket expenses (a new roof, furnace, drainage, sewer line, windows, etc.) are necessary evils that people aren't going to pay you any more for.  Yes, if the buyer is looking at two houses and one has new windows and one doesn't, they'll go with the one with new windows vs. old.  But they may not go for the one with new windows if there is much of a price difference.  And a lot of first time buyers are completely oblivious to the cost of things.  They watch a couple shows on HGTV and think they can DIY everything in one weekend for $500. 

    What I'm saying is to get the cheapest (but decent quality) furnace and just say "new furnace in 2010" in the ad.

    image
    "That chick wins at Penises, for sure." -- Fenton
  • imageCaliopeSpidrman:

    A lot of big ticket expenses (a new roof, furnace, drainage, sewer line, windows, etc.) are necessary evils that people aren't going to pay you any more for.  Yes, if the buyer is looking at two houses and one has new windows and one doesn't, they'll go with the one with new windows vs. old.  But they may not go for the one with new windows if there is much of a price difference.  And a lot of first time buyers are completely oblivious to the cost of things.  They watch a couple shows on HGTV and think they can DIY everything in one weekend for $500. 

    What I'm saying is to get the cheapest (but decent quality) furnace and just say "new furnace in 2010" in the ad.

    You mean I am not 100% prepared to buy a house because I have become obsessed with Property Virgins? 

  • imageCaliopeSpidrman:

    A lot of big ticket expenses (a new roof, furnace, drainage, sewer line, windows, etc.) are necessary evils that people aren't going to pay you any more for.  Yes, if the buyer is looking at two houses and one has new windows and one doesn't, they'll go with the one with new windows vs. old.  But they may not go for the one with new windows if there is much of a price difference.  And a lot of first time buyers are completely oblivious to the cost of things.  They watch a couple shows on HGTV and think they can DIY everything in one weekend for $500. 

    Or their realtor developed his concept of how much things cost back in the 80s. Luckily they haven't ended up being things we needed to replace, but his estimates were way, way off. 

    image

    "The meek shall inherit the earth" isn't about children. It's about deer. We're all going to get messed the fuckup by a bunch of cloned super-deer.- samfish2bcrab

    Sometimes I wonder if scientists have never seen a sci-fi movie before. "Oh yes, let's create a super species of deer. NOTHING COULD POSSIBLY GO WRONG." I wonder if State Farm offers a Zombie Deer Attack policy. -CaliopeSpidrman
  • Ugh, I hate that Sandra chick with a passion.  She always pushes people into places they don't really want and dismisses their concerns about repairs and stuff by quoting numbers that are so ridiculously low and clearly made up.  The buyers will be like, "I don't know.  The second story is full of bats and there's a serial killer in the basement.  Plus, we'd have to remodel the kitchen," and she'll respond, "It'll cost $4.75 to get rid of the bats, $2 and some bus fare to get rid of the serial killer, and you can remodel the whole kitchen for $5.95 plus tax."
    image
    "That chick wins at Penises, for sure." -- Fenton
  • imageCaliopeSpidrman:
    Ugh, I hate that Sandra chick with a passion.  She always pushes people into places they don't really want and dismisses their concerns about repairs and stuff by quoting numbers that are so ridiculously low and clearly made up.  The buyers will be like, "I don't know.  The second story is full of bats and there's a serial killer in the basement.  Plus, we'd have to remodel the kitchen," and she'll respond, "It'll cost $4.75 to get rid of the bats, $2 and some bus fare to get rid of the serial killer, and you can remodel the whole kitchen for $5.95 plus tax."

    "Also for every extra quarter-million dollars you take out on your mortgage you only pay an extra $10 per month. Let's quadruple your budget."

    Gee, how did people ever end up being in over their heads? 

    image

    "The meek shall inherit the earth" isn't about children. It's about deer. We're all going to get messed the fuckup by a bunch of cloned super-deer.- samfish2bcrab

    Sometimes I wonder if scientists have never seen a sci-fi movie before. "Oh yes, let's create a super species of deer. NOTHING COULD POSSIBLY GO WRONG." I wonder if State Farm offers a Zombie Deer Attack policy. -CaliopeSpidrman
  • Yea, she is super pushy. We have watched a few episodes and I love watching it because I love pretty much anything house related right now (and like getting ideas) but overall the process seems unreal. I also want to know how many houses they really look at because I can't imagine everyone finding a home after looking at 3.

  • I feel like more of a housing expert than her, after seeing 170+ houses.  We bid on a house that needed a lot of deferred maintenance (30 yr old roof, 30 yr old CAC units, older water heater, older water heater etc).  This, as well as the fact that the kitchen and bathrooms had to be redone, all factored into our offer. Of course, the sellers didn't even counter, claiming that the house is worth much more than our offer.  Meanwhile, ours has been the only offer/interest to date.  Can you tell that I'm bitter?
    image Mabel the Loser.
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