For residential - of course there are different perspectives for different price ranges, but as a general rule, buyers are looking for a move-in ready home, or close to it. Prices are way over inflated so if they are going to have to pay high prices they don't want to spend more money on top of that to fix it up. However most have to take whatever is available, within reason, especially at the lower price ranges. They will pass on properties that are over priced per condition. It's pretty much that simple.