House hunting part 2

[Black]

Robert M wrote:
Black,

It's a very important term and critical in any discussion of real estate. I know people who'll walk away from a home because serviceable wasn't good enough. They'd actually laugh at the suggestion of buying a serviceable home unless they know it's going to be a temporary residence or will be replacing the serviceable aspects in a reasonable amount of time.

To me, serviceable is perfectly fine in a rental. But, for a home that you will spend several hundred thousands of dollars on? It's a significant issue and definitely gets taken into consideration when determining the price. Same goes for a fixer upper. I wouldn't go near a fixer upper unless the price was incredibly low and I had a place to live in while working on the residence.

Robert

Robert,
Huh?
Black