You may be able to get a great deal on it (probably because it is different, quirky, and unusual!). I would venture to say if you look back at the listing statistics on this house, it has likely been on the market for a long time before you came along, and it probably experienced a few price drops before it sold.
Why? See the three adjectives above.
I can’t really speak to what attracts buyers in other areas of the country, but here in the Louisville area, homes that sell best are those that appeal to the masses. Homes with a predictable floor plan, are beautifully staged, and of course are priced right, will always sell.
You Will Sell Your Home Again Someday
My clients almost always say this is THE house – the home they will stay in until they are taken away in that big black limo. But then life happens: Relocation opportunity. Job loss. Divorce. Upsizing. Downsizing.
In the event you want or need to sell the home you are about to buy or build, you need to think ahead to how marketable this home will be.
- Can the floor plan be changed? For example, if the home has a very small kitchen (which may be okay with you but will be seen as a negative to most buyers), can a non load-bearing wall be removed between the kitchen and dining room to create more space?
- Are you drawn to that home with the retro pink bathtub and the plumbing fixtures in the shape of flamingos? When you sell this home some day, are you willing to switch out these fixtures to appeal to the masses?
- That hot tub in the middle of the great room (yes, I sold a house with a hot tub in the middle of a great room once!): have you considered the cost of removing the hot tub? Trust me, only one in a thousand will appreciate this feature, so it will have to go once you decide to sell.
If this home suits your lifestyle and you really love it – buy it and enjoy it. Just be prepared to either (a) make renovations and changes later that will ensure it will appeal to most buyers when it is time to sell, or (b) offer similar bargain basement pricing in an effort to secure a buyer.