Special offer

Why fix it if I am just going to sell it?

Reblogger Praful Thakkar
Real Estate Agent with LAER Realty Partners

The seller wanted the TOP price for the home.

The home needed lots of TLC!

Valerie Zinger answers this question in this re-post....

Why fix it if I am just going to sell it?

Original content by Valerie Zinger

 

Many houses are sold "as is".  Some in more need of work than others.  There are seniors, estate managers and people with neither the time/talent nor the budget to make repairs.  For others there is an attitude of - My house, take it or leave it.  Sadly, most Buyers looking at a house needing a lot of work will leave it.  If you are Selling and cannot or will not do the necessary work,  at least get estimates of what the new roof, new furnace, sealed basement and hardwood floors will cost.  Let the estimating companies know that you will leave the estimates for Buyers to see.  When looking at needed work in a house, Buyers seem to always overestimate the cost and the time.  The printed estimates will eliminate this over reaction. 

There are a lot of Buyers out there looking for bargains and willing to put in low ball offers until they find the best deal.   If you want more for your house, do the repairs first.  This will get you to "Yes" on a sale. 

Let Buyers know that you know what needs to be done.

Photo credit:  Fixer Upper @ http://www.flickr.com/photos/whitetrashtexas/3812700975/

 

Valerie Zinger  valeriezinger@gmail.com 

Ottawa, Canada      613-859-7759

 

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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I had one seller tell me tthat if he was going to fix is he would stay living there

Aug 18, 2017 02:20 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Praful. Some sellers never get it! They want the price of new for their old junker! Enjoy your day!

Aug 18, 2017 04:26 AM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

They can certainly sell as is, but then they're going to get a lot less money for it. And buyers do overestimate the cost for repairs!

Aug 18, 2017 04:38 AM
Jim Cheney
Saint Francis Property Santa Rosa, CA - Santa Rosa, CA
Rincon Valley Realtor 707.494.1055

Praful Thakkar , sometimes I can tell a seller just doesn't have the cash flow to spend money on their home.  You can tell by the deferred maintenance, and I can understand that.  But when people are just lazy or cheap...  they deserve what they get when the low ball offers start coming in. 

Aug 18, 2017 06:32 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Thanks a lot for stopping by and your comments, Laura - really appreciate it.

Aug 18, 2017 10:14 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The sellers do not want to move once the home is fixed - is the basic expectation.

Aug 18, 2017 10:16 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

William Feela - that happens too often. One of my clients almost fell in love with the home after the home was just de-cluttered.

Aug 18, 2017 10:16 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Wayne Martin - happened to me at the listing appointment recently. Home needed work for about $30K and the sellers wanted the 'current market value'!

Aug 18, 2017 10:17 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Not sure if it really happens - may happen in this market, though...

Aug 18, 2017 10:17 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Kat Palmiotti - exactly. That is the definition of 'as is'! The buyers will decide what to upgrade later!

Aug 18, 2017 10:18 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Jim Cheney - hmmmmm.

Never thought of those lazy sellers who just did not maintain the home well.

Aug 18, 2017 10:19 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Once again, thanks all for stopping by at my post and your comments - really appreciate it.

Aug 18, 2017 10:19 PM