Comments on: Would you buy a 50-year old home?

By: glenn

glenn — Thu, 24 Dec 2009 16:31:59 +0000

I have been a real estate broker for 32 years now. I love established neighborhoods with great locations and big trees. I don’t like brand new neighborhoods with "look alike" box shaped houses. I love fixing up and redoing things. So I know what I want to do.

Reading how you wrote those things I think you want a brand new house but can’t afford one. It sounds like you will always think you settled for something that is not really very good. I don’t think you will be happy. Find a way to buy a much newer house. It is not what I would be happy with- but it sounds like it is what you would be happy with.
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By: sassy25

sassy25 — Thu, 24 Dec 2009 16:03:59 +0000

Hey I own a house that is 200 yrs plus. This is a personal decision
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By: Who_Loves_Pizza?_I do!_I do!

Who_Loves_Pizza?_I do!_I do! — Thu, 24 Dec 2009 15:43:59 +0000

No, but I would buy a 49.5 year old home. ;). Um yeah 50 if it were really good.
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By: You're Kidding

You're Kidding — Thu, 24 Dec 2009 15:36:59 +0000

If you like the location and having the extra property and basement storage then I would buy.

If you want to be almost sure of getting a home in perfect condition, then buy in the new sub. It is hard to pass up a brand new home especially if its made well.
If you haven’t seen the inside of the new home, you should. Take a real hard look at construction and quality of cabinets, bathroom fixtures, flooring, etc.

Then take a long hard look at the 50 year old home and decide which would be a better resale in the future in case you are dissatisfied with the older homes limitations or the new homes location.

Whatever you decide, do it quickly. To qualify for the first time home buyers credit you have to have a signed deal with a seller by 4-30-10 and close on the deal by
6-30-10
Also, good deals go fast.
Good luck
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RE Agent-MI

By: David Z

David Z — Thu, 24 Dec 2009 15:22:59 +0000

please rephrase using only 10 words.
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By: jlf

jlf — Thu, 24 Dec 2009 14:32:59 +0000

No one here can possibly weigh the "pros" and "cons" for you - those have to be rated subjectively by you based on your needs and desires.

My only suggestion is that if you decide to make an offer on the house, make sure you include a home inspection contingency and hire a good professional to do that inspection.
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