Buying a historic home can be a challenge.
Its not always as easy to know what constitutes a good offer when you are contemplating the purchase of a home that is over thirty years old. With age come many things. Some of them are good, like charm and character. If you are lucky original hard wood floors. Some of them aren't so good, like outdated electrical wiring and windows that no longer function. Its not like buying a new home wear overall condition is warranted by the builder.
So how do you make a good offer? Here's the top three things you need to know:
- The cost per square foot of comparable sales within the past four - six months
- The number of days each home spent on the market
- The condition and unique features of the other homes you are comparing
Home Sales in Calder Place in 2009
This is just a sample of homes that have sold this year in Calder Place. These homes were all over thirty years old, between 1500-2200 square feet in size, and had at least 3 bedrooms and 2 baths. Here's what the average buyer and average seller agreed to:
- average cost per square foot $74
- average sales price $141,141
- average days on the market 89
Armed with that information you can make an educated offer on an older home. To know the unique features of each home you need a local real estate professional who has seen the homes or has access to the MLS and photos of the homes.
Buying an older home can be a challenge but a little bit of knowledge can make the process a whole lot less intimidating.
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