By: Bonnie Westbrook
You are so right, Bill. We see this every so often….people who build a home with their own specific tastes and ideas in mind without considering resale. If you mess up the traffic flow, leave out...
View ArticleBy: Bill Gassett
Bonnie I have seen quite a few homes built where sellers have made poor decisions that do not fit with market trends but this was beyond foolish. Have one or two problems to overcome is one thing but...
View ArticleBy: Betsy
Hi, Bill, Another great article. I do agree with you. But there are some areas where the majority of the homes are older. Therefore, there is only one bathroom, downstairs, with all the bedrooms...
View ArticleBy: Massachusetts Home Sale Contingencies and Right of 1st Refusal
[...] example, lets say the home I was marketing had some form of Real Estate functional obsolescence that made it a difficult property to sell. Lets also assume the contingent home happens to be [...]
View ArticleBy: Divorce Baton Rouge Home Appraisals: 4 Reasons NOT To Order Drive-By...
[...] Functional Obsolescence In Real Estate, by Bill Gassett, is a good read on understanding functional issues. Bill says, [...]
View ArticleBy: Lisa Zeimer
I was a realtor in another life and I’m watching the seller across the street lower his price over and over because of one simple thing – the most atrocious architectural nightmare front window that...
View ArticleBy: Bill Gassett
It is funny Lisa because many sellers do not recognize functional obsolescence. You know immediately when you walk into a funky home that has something that is out of place. If you don’t account for it...
View ArticleBy: Allen Deaver
Great blog Bill. I think we as real estate professionals have all ran across that one property. The one where everything looks great. The home is in excellent condition. The homeowner is motivated and...
View ArticleBy: Bill Gassett
Allen it kind of reminds me of the famous quote there is an #$* for every seat:) While there is a house for everyone, when they go to sell they will find out again what the harsh realities of...
View ArticleBy: Rich Cederberg
Great examples Bill, I wish we could see the front door that’s 15 feet above ground level! One example of functional obsolescence common in Albuquerque is the garage conversion that’s so popular in the...
View ArticleBy: Debbie Gartner
Wow, Bill that really is functional obsolence. I recently went into an older home (and a very large one) that one of my customers bought w/ some similar sorts of issues, but most of the issues were on...
View ArticleBy: Sherrye Gibbs
Absolutely right on target information. Should be required reading for builders, would-be builders or homeowners remodeling their property.
View ArticleBy: Bill Gassett
Debbie it was probably one of the strangest homes I had ever been in. It is one thing to have one element of functional obsolescence but when there are multiply issues it really blows you away.
View ArticleBy: Functional Obsolescence aka My Friend's Garage Conversion - Albuquerque...
[...] came across a blog post by Bill Gassett, Massachusetts Realtor, called Functional Obsolescence in Real Estate this morning. To say I was intrigued by the title would be a blatant lie. My first...
View ArticleBy: Bill Gassett
Bonnie I have seen quite a few homes built where sellers have made poor decisions that do not fit with market trends but this was beyond foolish. Have one or two problems to overcome is one thing but...
View ArticleBy: Betsy
Hi, Bill, Another great article. I do agree with you. But there are some areas where the majority of the homes are older. Therefore, there is only one bathroom, downstairs, with all the bedrooms...
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