Buy a home with no photos, save money


Nov 29

Real estate

Our whole job is to make finding and buying homes easier, but it’s the hard to classify homes that are a deal.

If you’re willing to do a little extra work (or you have a local agent who has actually been to all the homes for sale in your area), you can really score – Frank Llosa did a little digging and found that homes for sale with fewer photos sold for less:

  • 1 Photo= 91.2% of Original Price
  • 6 Or more= 95% of Original Price

And they sold more slowly (DOM is Days on Market, or the number of days the house was on the market before it sold):

  • 1 Photo = 70 DOM Avg
  • 6 Photos =40 DOM
  • 16-19 = 36 DOM
  • 20 MAX= 32 DOM

(via ReAgent in Connecticut)