It’s more difficult to find your dream home in today’s real estate market. A limited housing supply and rising sales prices are forcing buyers to make compromises on their wish list.
Since buyers can’t find or afford what they’re really looking for, many are opting for fixer-uppers.
“While home renovations are nothing new, today’s buyers are struggling to find exactly what they want, so they’re lowering their expectations and rolling up their sleeves.” – SunSentinal
Some properties may need significant work and remodeling before buyers can move in, while other homes are move-in ready, but would benefit from some sweat equity. Often, the cost of a less expensive home and renovations combined can be the same as, or even less than, what it would cost a buyer to purchase the home they really wanted.
Some are making the fixer-upper approach financially advantageous. First time buyers in particular are moving into smaller homes to suit their current needs while making improvements in hopes to turn around and sell in a few years.
If you’re interested in Sanibel real estate, whether you’re buying, selling, or just looking, contact one of our knowledgable Sanibel realtors, search our MLS for available properties, or get in touch with our office at 239-272-2411 for general inquiries. We’re also more than happy to help you find the Sanibel realtor that’s the right fit for you.
Source: "With shortage of homes, today's buyers turning more to fixer-uppers" -SunSentinel
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This article is provided by John R Wood Properties, a full service Sanibel Island real estate agency made of people who love where they live as much as what they do. With local knowledge and decades of combined experience, our Sanibel and Captiva Island realtors are passionate and dedicated to exceeding your real estate needs.
About the author: Nina Rogers is a writer, designer, and illustrator who grew up on Sanibel Island. As a Communications Content Manager for John R Wood Properties, Nina enjoys keeping people updated with the latest in local news and Sanibel real estate.
