MLS: “Lower Level Has Some Water Damage and Needs Renovation”

Opportunity?  Or Deal Breaker?

Water damage in the lower level — explicitly disclosed by the Seller on MLS — represents which of the following:

A. A deal breaker.
B. An opportunity for the right Buyer.
C. Both “A.” and “B.”

Answer:  “C.”

At least in this case, Buyers decided that the Golden Valley rambler (pictured above) was an opportunity:  it sold last night, in multiple offers, after exactly one day on the market.

Making the needed repairs more palatable:  a deeply discounted list price ($190k), plus the home’s location in a neighborhood of much more expensive homes.

Congrats to the Seller and their listing agent, Edina Realty – City Lakes’ Karla Rose.



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