What I'm Seeing Now

head_left_image

And If The House Fits, Wear It!

I have had clients over the years who bought houses that were well within their financial means. There were others who bought way over their means. Their motivations are not my call.

Similarly, I have had clients buy houses that were in excellent condition. Others bought properties thoroughly trashed and probably expensive to repair. They will sometimes ask me if they should buy a fixer-upper. My answer – it depends! It depends on so many things – their skills, their energy, their time, their finances, their ability to see beyond the mess, their contacts, their, their… But there is a terrific market out there for handy-man specials. I salute those who take them on! Such buys they are not right for most people. And, they can be real hardships for even the most talented.

There are many clients who have stuck with me for many years through many inspections (total masochists apparently). One young lady who has called me many times is a great example of prudence. She started years ago with a small one-bedroom condo. The market made her money. She went from there to a larger two-bedroom condo. The market made her money but she also fixed it up. She moved from that to a townhouse, which, after market improvement and fix ups, she sold for another gain. At that point she married and bought a single-family home. Now they have two children. This young lady has always been well situated and well within her budget. They have steadily improved on this house. Is the current market downturn bothering her? No.

I get questions all the time – Is this house a good investment? I don’t know, but the house has great bones. Is this a nice neighborhood? I have been in here many times and it seems nice to me, but ask a few neighbors. Is the house in good enough shape that you would buy it? I would be comfortable with my mother living her, if that is what you are asking. Is this a good house? That is up to you – does it feel right? Will we like living here? I don’t know, but I hope you are never satisfied with the house and always try to make improvements. Call me when you do!

One thing a real estate agent or home inspector cannot tell you is if the house is a good fit. Those variables are too many to know. But I find that most clients just feel right about a house. They can somehow tell if it fits.

And if the house fits, wear it!

Jay Markanich Real Estate Inspections, LLC  

Based in Bristow, serving all of Northern Virginia.

Office (703) 330-6388   Cell (703) 585-7560

www.jaymarinspect.com


Comment balloon 3 commentsJay Markanich • November 19 2008 06:53AM
And If The House Fits, Wear It!
share
I have had clients over the years who bought houses that were well within their financial means. There were others who bought way over their means. Their motivations are not my call. Similarly, I have had clients buy houses that were in… more
Free Furnace Fun Facts
share
This time of year the furnace becomes a very important appliance. Checked it recently? What kind do you have - gas, oil or electric? Do you have an annual service contract? Do you need one? Replaced or cleaned the filter recently? Can you even… more
Is Your Marketing Slightly Better?
share
I have posted something similar to this on other home inspection sites. I have been asked to tweak it a bit to apply better to real estate and post it here. In business development, there are lots of keys, all under the heading of… more
Are You Slightly Better?
share
A long, long time ago, in a galaxy far, far away, in a marketing class at MBA school, I learned a principle that has stuck with me: The Slight Edge Principle It is simple and a marketing idea that needs to be employed. This is it… more
Buyer Red Flags - At the First Look-see - Part 3 of 3
share
This is the final entry for Buyer Red Flags Of course, the list could probably go on. But these three lists together are short enough that if you wanted to keep an index card in your pocket while walking through the house you could! Most you… more
Buyer Red Flags - At the First Look-see - Part 2 of 3
share
This is the second post of some things to look for the first time you walk through a property with a client. You will want to be even more scrutinizing if this is subsequent to the first visit and the client is serious about making an offer… more
Buyer Red Flags - At the First Look-see - Part 1 of 3
share
You probably aren't a professional home inspector. But realty agents, buyers and investors should always be critically looking at houses before any final decisions are made and an offer extended. They have to. Can I suggest that during these.. more
This Time It Will Work
share
We learn from history that we learn nothing from history. The eight (8) most economically prosperous countries in the world are those that most closely follow Adam Smith's economic model (The Wealth of Nations circa 1776). The eighty (80! )… more
What I'm Seeing Now (9) - New Home Inspection, 6 of 6
share
This is the last of my posts regarding new construction inspections. It is the sixth of six things that I am finding often in new construction, pre-drywall inspections. This list of six certainly does not represent all of what I am finding in new… more
Yet Another Eagle Scout
share
I am very proud for one of "my" boys! Tonight I had the opportunity to see another young man become an Eagle Scout. Tonight's event was for David S. I am always impressed with the humble simplicity of the event. It represents the… more