Episode 112 - Your House is Weird

Do you remember the term “functional obsolescence” from your real estate classes? Probably not. However, I’m confident you have seen a “weird” house. Something about the house just made it look off or not function well. What did you do about it? Ignoring it is not the answer.

 

SHOW NOTES

• 02:03 – Functional obsolescence. What does that mean?
• 03:38 – Example: four-bedroom home with one bath.
• 06:00 – What does the market expect the home to include?
• 07:49 – Something on the exterior of the home could be “weird” too.
• 10:00 – Make market adjustments when the market sees the element as atypical.

 

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