None of your questions would matter in a true sellers market. Even if the bathroom was stripped and inoperable. The buyer would be willing to do the remodel.I don't disagree, but there are a lot of unknowns/IF's here. OP has only provided second-hand info.If it is really a "seller's market" - it is hard to imagine a bathroom remodel causing a house to sell faster. How long did the remodel take?Nothing "wrong" per se. This happens all the time. Perhaps the bathroom was dated? Sure, the seller may not get a 100% return on the BR investment, but it could help sell the place faster.
Many RE agents have a buyer in their pocket already. It makes for a quick and easy sale. Does it mean that the buyer left some money on the table, sure, but again, quick and easy sale. Does the Agent make a quick buck? Yes, to that too.
Everyone I know in true sellers markets have done one open house and gotten multiple offers. It's like an incredible 2 week process or less to get under contract.
If speed of selling is important - I can't think of much that would slow that down more than waiting to complete a remodel.
Now if it's not a sellers market - the story changes.
What condition was the BR? How old was the house & plumbing? Had the owner installed in a walk-in tub with security bars for the elderly? (Not gonna be too attractive for a young couple.). Did the shower work, but it was a bare trickle? Was the floor uneven due to settling such that the tile floor had cracked? Was it a half-bath, but they turned it into a full? Was the shower a worn 'plastic' style, that they replaced with real tile?
Regardless, sounds like this is a done deal, so not actionable.
Statistics: Posted by SmileyFace — Mon Mar 18, 2024 9:45 am — Replies 13 — Views 445