Buyers were willing to pay bonus as market began to heat up and inventory remained low
The house was freshly painted to make it move-in ready, but it still needs some updating.This 45-year-old house was well maintained but, despite recent upgrades, was showing its age. To compensate, it was priced below $1-million. Nearly four dozen buyers toured the home in February before the sellers accepted an offer that added a $42,000 bonus.
“It was right when things were starting to get busier on the market and there was no inventory,” said agent Meray Mansour. “We did some painting and made it look really cute for someone to just move in, but it does need some updating. But that price point is in a sweet spot because rentals are so expensive that buying something is still going to be cheaper than renting.”Rare Real Estate Inc.This three-bedroom house has a two-storey plan and an attached garage on a 44- by 101-foot lot.
Some improvements carried out in recent years include the installation of a new air conditioning unit and hardwood flooring throughout, as well as updated appliances, tile flooring, and granite countertops in the eat-in kitchen.The larger of two entertaining areas is in the basement, along with a fireplace and one of the home’s three bathrooms.Rare Real Estate Inc.“It has a finished basement so extended family could be there.
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