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Why did the home buyer ask for such a large price reduction?

by Gary Kent / Friday, 24 January 2020 / Published in Q&A - Home Selling Questions

Question:

“I just sold my aunt’s house, who had passed away. She hadn’t really kept the house up and it needed a lot of maintenance. But the buyer asked for a $30,000 price reduction. Isn’t that excessive? Whatever happened to buying a house as is?”

Answer:

If you don’t take care of your body, when you get older, you’re going to pay for your neglect.

It’s also like that when you sell a home. If you haven’t taken care of it, you’re going to pay for it in the form of a lower price.

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Tagged under: ask gary kent, price reduction, san diego home selling

About Gary Kent

Licensed since 1984, San Diego real estate broker Gary Kent is a recognized authority on real estate. In addition to selling over 5,500 homes for clients, he has been an expert court witness, trainer of other agents, and he does seminars on home buying, home selling, and investing. Gary has sold homes for The Salvation Army, dozens of major banks, and Fannie Mae, amongst others. You can find Gary on Facebook, Instagram and YouTube.

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