“The guy across the street who’s had his house up for sale for about a month was getting the roof redone today…”

“A note from the Lower Mainland ‘burbs. Today I noticed something interesting: The guy across the street who’s had his house up for sale for about a month was getting the roof redone today. Could’ve been an offer with a building inspector that pointed out a crappy roof, but I’m going to put my money on he’s trying to create a comparative advantage because there are A LOT of 3 bed 2 bath homes in the ‘hood that have been on sale for a LONG TIME, we’re talking half a year. Dude around the corner from new roof house had house on market as least since January or February. Took it off the market a few weeks ago and it reappeared on MLS with a brand new kitchen.”
Joe at greaterfool.ca 11 Aug 2011 12:14am

3 responses to ““The guy across the street who’s had his house up for sale for about a month was getting the roof redone today…”

  1. Sounds like a “free upgrade” to me…

  2. Good money after bad imho. He should drop the price what the new roof would cost and see if it moves.

  3. An update: the house with the new roof sold the following week. Don’t know the neighbours well enough to ask for the dirt. Dude with new kitchen still trying to get a sale. My friend said, “Four houses in the neighbourhood sold in two weeks. The market’s turning.” Yeah, right.

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