Condition is Critical
The condition of a home is one of the key elements in determining its value. This is particularly true at a time of high and still rising prices. In a seller’s market, buyers have the double pressure of having to compete with many others for the same house while trying to determine a reasonable offer without knowing its true condition.
Like our bodies, systems in a home tend to wear down with time. Items such as plumbing and electrical are not the most expensive. Drainage and foundation, on the other hand, may run into tens of thousands of dollars.
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