Annette  Lawrence , Palm Harbor, FL 727-420-4041, Making FLORIDA Real Estate EZ  (ReMax Realtec Group)

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Rainmaker
941,070
Thomas J. Nelson, Realtor e-Pro, CRS, RCS-D, Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Not enough info to determine specifics, but 1982 was 35 years ago, so you need a new kitchen, bathrooms, windows, flooring, paint, etc.

Oct 24, 2017 05:30 AM
Rainmaker
748,912
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

I actually sold a cute little throwback to the 70s just like you described 10 years ago, and it was priced about 20% below market.
It was so groovy. I wanted to buy it! The buyer was a 40-ish single man. He's a contractor. He still lives there, and loves his house. I'll have to ask him if he's updated the appliances-- I'm sure he probably has by now.
To directly answer your question, there are so many other variables, you have to deconstruct the whole thing and price through the attributes individually. Most buyers are not like my example, and will require an HGTV home instead of a Back to the Future home.

Oct 24, 2017 07:23 AM
Rainmaker
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Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Oct 24, 2017 04:15 PM
Rainmaker
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Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

It depends on the market. If they have multiple offers, I doubt the outdated appliances will affect the offered price ( maybe later during negotiation). 

Oct 24, 2017 01:13 PM
Rainmaker
1,557,894
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

If it's clean, that's ok but there will be the decorating objections. I would also be sure all the 1982 country ducks & are put away. Corral the 80's clutter.

Oct 24, 2017 10:32 AM
Rainmaker
1,384,127
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Annette Lawrence , Palm Harbor, FL 727-420-4041 I had a listing like this a while back. Copper tone appliances, shag carpeting and gold wall paper. One agent told me it was like walking into the '80's. It sold at full price within the comps. There is a house for everyone.

Caveat: This was before buyers thought everything was outdated and needed to be replaced by the seller.

Oct 24, 2017 09:24 AM
Rainmaker
5,120,087
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

you can't price it as if it were new.... apples and apples....that's what comps are for.... actual age vs effective age.... everything has a "life expectancy"...

Oct 24, 2017 06:07 AM
Rainmaker
3,365,862
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

You need a buyer with a creative mind to put it all together. Local knowledge of rehabs is essential!

Oct 24, 2017 05:52 AM
Rainmaker
1,368,392
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Lots of possible variables here.  Local knowledge is key.

Oct 24, 2017 05:38 AM
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Check what other homes are sold for.

Jul 04, 2018 10:56 PM
Rainmaker
1,040,855
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

Would depend on the rest of the neighborhood prices that are equally updated... so insufficent information to answer.

Jan 09, 2018 12:50 PM
Ambassador
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Fred Griffin, on leave of absence from ActiveRain
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  It's not old, it's retro.

Oct 25, 2017 06:47 PM
Rainmaker
1,524,038
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Fifteen Years Experience in Brevard County

The 80s called and they want their hair and decor back...said no one ever.  What is the cost of updating? If it is purely cosmetic then the hit should not be bad!

Oct 25, 2017 07:34 AM
Rainmaker
4,432,467
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

It depends.

Oct 25, 2017 06:45 AM
Rainmaker
745,235
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Depends on condition; cost of upgrades?

Oct 25, 2017 04:49 AM
Rainmaker
3,054,229
Tony and Suzanne Marriott, Associate Brokers
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Sounds like a well maintained museum?

Oct 25, 2017 04:27 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

I think that it is amusing how many people talk about being environmentally conscious, yet think nothing of filling landfills with perfectly good home parts in the interest of keeping up with the latest fashions.

Oct 24, 2017 10:18 PM
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I tell the seller how it is and what the buyers today expect how they will reject the dated features of the home. If it will take 25-30 thousand to update that is what I take off. If it eill take 50 thousand, I take that off. I have never had a seller not understand that their pink bathrooms, shiny brass light fixtures and doorknobs and old white appliances are not going to be loved by the next buyer.

Oct 24, 2017 07:38 PM
Rainmaker
3,983,713
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Old may not be an issue, just depends on the decor that may have been progressive back then

Oct 24, 2017 05:46 PM
Rainmaker
4,573,428
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Annette,

You have some great advice, and there are buyers out there who like the 80's feel.  A

Oct 24, 2017 03:09 PM
Rainmaker
3,051,152
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

And they want top dollar for the orange counter tops. I like to give a value for the home as is and what things are worth redone, some sellers opt to upgrade to sell while most sell as is

Oct 24, 2017 02:23 PM
Rainmaker
1,263,342
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

You'll need to deduct for "functional obsolescence".  I'll bring in my contractor to purchase it before it even hits the market, if the price is right.

Oct 24, 2017 11:18 AM
Rainmaker
617,743
Peter Mohylsky
PrimeSouth Properties - Santa Rosa Beach, FL
Let me help you find your path to the beach.

I don't deduct for "old"  the market speaks for itself. Buyers want move in ready, they don't adjust for renovations required.  they just don't buy.  

Oct 24, 2017 09:39 AM
Rainmaker
1,035,303
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I saw a cute tree house similar to your description in LA years ago.  It was any child's dream play house. It was on the market for a long time.  Too much soy sauce not enough practicality may be?

Oct 24, 2017 08:36 AM
Rainmaker
1,559,320
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Unless the home is severely outdated as compared to other homes , it doesn't happen, but all features must be operational.

Oct 24, 2017 08:15 AM
Rainmaker
2,826,521
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Every market is different.  I will look to other comps  with the same all new in the 80's look and feel. Sometimes we do find like properties and other times not. If not, I would tend to lean on the lower side and let the buyers drive the price up.  I've seen original 30 year condos sell for as much as a completely renovated one.  When the demand is there and supply is low, top dollar can be had for even the dated immaculate home.

Oct 24, 2017 07:53 AM
Rainmaker
5,506,388
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Compare it with like properties that that have sold.

Oct 24, 2017 07:21 AM
Rainmaker
569,260
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

That's a very subjective question. What if you find a buyer that likes retro?

Oct 24, 2017 07:19 AM
Rainmaker
1,020,086
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

It's bad enough being a sexagenarian without the confusion of mixing Little Miss Muffet and Old Mother Hubbard. That deduction is going to be HUGE I tell you!

Oct 24, 2017 07:02 AM
Rainmaker
4,797,822
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I would look to see what other 'old' ones have sold for.

Oct 24, 2017 07:02 AM
Rainmaker
792,691
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Depends on many factors and I don't have a formula except looking at comps and using some common sense

Oct 24, 2017 06:23 AM
Ambassador
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Not enough information.

Oct 24, 2017 06:13 AM
Rainmaker
573,754
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Last house I comped in the $300's I walked in, saw it needed a LOT- I said, I have comps with me supporting a price of $370K but any buyer who walks in here is going to knock off $100K second they step in the door, so we knocked off $100K & sold it for that. 

Oct 24, 2017 05:54 AM
Rainmaker
3,212,969
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Not enough information to put a number to this and I have no idea of how the home shows.

Oct 24, 2017 05:53 AM