How much is enough?

By
Real Estate Agent with Atlanta Communities 303302

I was speaking to an agent in my office about a new listing she is getting ready for market. It is a higher end executive home that has been rented to tenants for several years. Unfortunately, there are plenty of things in and around the home that need to be repaired and/or done to make this home presentable.

The owner is painting in certain areas, not the whole home. They passed on refinishing the floors. The yard has been over-seeded but is still mostly weeds. Some deck work has been done, all to the tune of about $15,000. The rest that needs to be done? The owner said, I have had enough.

The problem? The home is a $500,000 plus home in an area where this home is on the high end of the scale. With poor curb appeal, and other issues with the home, the owner is possibly placing the sale of his home at the price he wants in jeopardy. But, when it comes to repairs to a home going on the market, how much is enough?

The best way to answer this question is to work closely with a professional Real Estate agent and to determine which fixes and updates are most critical in order to receive the best price possible for the home.

If you would like to know more, feel free to contact us at den Boer Homes for a free in home consultation.

Posted by

Peter den Boer, Associate Broker, Realtor

Atlanta Communities Real estate Brokerage

 

Ph. 770.713.1545

www.denboerhomes.com

 

I write about daily life as a Realtor in the Towne Lake Community in Woodstock Georgia.

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Diary of a Realtor
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Rainmaker
988,358
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

So true!

Sellers tend to either be realistic and strategic or deluded and cheap.

Step 1 for me after signing the Listing Agreement is a Home Enhancement Checklist to weigh against Market Value Comps.

Taking a seller out to the Active competition is a great reality check strategy.

Apr 29, 2020 06:19 AM #1
Rainmaker
3,614,378
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Peter - prospective sellers are not always aware of the competition or the current market conditions so additional education is necessary.  Your question can lead to many possible answers.  That's when professional real estate representation, like yourself, makes a difference.  

Apr 29, 2020 06:27 AM #2
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Rainmaker
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Peter den Boer

MBA,GRI, Associate Broker, Realtor
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