Скачать или смотреть 5 Steps to Profit on Distressed Property: Fix or Sell As-Is? 🏠💸

💡🏚️💸 Should you fix up a distressed property or sell as-is? This video guides you through ROI, repairs, and CMA-driven decision making.

Comprehensive summary:
In real estate, the core choice when a home needs major repairs is ROI. Repairs are not guaranteed to yield a dollar-for-dollar increase in the sale price. However, some fixes—especially those touching safety, major systems, or structural integrity—are non-negotiable to keep a property financeable and marketable. If you skip essential repairs, conventional buyers may disappear from the pool, leaving you with cash investors who may not offer top value.

Two valuations from a CMA are essential: obtain multiple top local agents to provide both an expected 'as-is' selling price and a 'repaired' price after a proposed work list. This two-point valuation lets you calculate the net gain after repairs and closing costs, and decide whether financing the fixes makes sense.

If financing the repairs proves difficult, explore seller-friendly options. Some national brokerages offer programs that front the cost of cosmetics or small improvements (paint, carpet, staging), recoverable at closing. Consider HELOCs or personal loans only if the numbers still pencil out. The focus should be low-cost, high-impact improvements that boost marketability: sparkling cleanliness, decluttering, fresh paint, and strong curb appeal.

Avoid heavy luxury upgrades unless the CMA indicates they’ll materially lift the price. In premium locations like waterfront properties, buyers may overlook minor cosmetic flaws, but major deferred maintenance can kill value. Always lead with safety and function, then optimize for value with cost-effective updates. Strategy should balance your cash flow, financing options, and the realities of the local market.

Actionable steps:
1) Get CMA valuations for as-is and after-repairs from several agents.
2) Compare net gain against repair costs and financing terms.
3) If needed, pursue seller-financing or lender-backed cosmetic programs to cover low-cost improvements.
4) Focus on essential fixes and strong curb appeal rather than major upgrades.
5) Price strategically based on data, not hope.

Related topics: distressed property, ROI, CMA, as-is sale, repairs, financing options, HELOC, seller-financing, cosmetic upgrades, curb appeal, waterfront real estate, real estate investing, home selling tips.

Tags: distressed-property, fix-and-flip, ROI, CMA, as-is, seller-financing, HELOC, cosmetic-upgrades, curb-appeal, waterfront, investor-buyers, property-valuation, real-estate-market, home-improvement, staging, decluttering, safety, structural-repairs


00:00 Intro
00:15 Value Consideration
00:30 Core Dilemma
00:42 Necessary Repairs
00:55 CMA Importance
01:07 Quiz 1
01:26 CMA Quiz Answer
01:39 Financing Solution
01:52 Cost-effective Fixes
02:08 Summary
02:28 Conclusion