FDR wrote:


It really defies all logic. The buyer is getting a good deal on a house
that is probably 40% less than a new house and can perform whatever
modifications they want when they can afford them.


I'm sure that if it's priced right then it will sell. OTOH, if it isn't you
can make the modifications which measn the buyer has less leverage against
you and you can try for a higher price.



The price isn't the issue. The lender's "house inspector" produces a
huge list of items that are based on the house complying with all
current codes as of the date of inspection. If not done the lender will
not grant the loan.

Unfortunately the lists they produce are quite extensive and it would
make no economic sense to do them.