We recently were asked to list a home that was part of an estate on Derwen Road in Lower Merion. Great location and a wonderful old house, but it had suffered over the years. Originally a large and invitingl family home and the practice of a dentist this Tudor style colonial must have been beautiful. The taxes charged indicated a home that should be in the $650,000 to $750,000 range, but the condition of the home did not warrant this. So we put a price of $449,000 and marketed it as a fixer upper being sold "As Is". You can see full details here.
We received a lot of interest and the owners had worked hard to clean out the collections of lifetimes that had filled and cluttered the house, allowing buyers to at least see the bones and the possibilities that lay underneath.
An old photo shows how the house could look.
The first day showings were allowed in it was like a revolving door, with multiple agents and clients comng through all day long, many coming back with contractors, builders and architects. We started getting calls early on during the day asking if we already had offers with promises of offers to come. Well we quickly got an acceptable offer and the house is under agreement. Even in this market there are plenty of buyers, it is all about pricing correctly and marketing the property correctly to get it sold.
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Great 'feel-good' story about the market. Best wishes on a quick sale
Ann,
Thanks for stopping by. I noticed recently looking at the local market statistics for Montgomery, Chester and Delaware County in PA that each county had more sales than the same period last year. Yes, there were also double or more than double the number of homes on the market as last year as well. But more homes sold. all we hear about is that the market is crashing, but there are buyers out there who want to buy. Do they want a deal? Of course. Are they being unreasonable? In some cases they are, in others not. But it is our job to let consumers know what the local market is doing as real estate is all about local markets.
Nick