Скачать или смотреть How much do you lose selling a house as is? | How much does it cost to fix my home for sale?

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If you are considering selling your house in its AS IS condition, you probably would like to know the answers to the following questions:
How much do you lose selling your house as is?
What is the average cost to fix up a house to sell?

When selling a house on the open market, with agents, to retail buyers, it is expected that your home be in tip-top shape. Imagine yourself out looking for your first home, after saving up for years for your down payment. Would you get excited and over-bid on the house that needs work, or the one that looks like a magazine cover? Retail buyers buy based upon emotion and convenience. A house that needs even a moderate amount of work in order to be “great,” will be much harder to sell, and will sell for much less than a house that is already in top condition.

This leads us to the question of, How much do you lose selling your house as is? And the answer is, really nothing! That’s right, you won’t lose much if anything at all by selling your home as-is. The value of your home can only be identified as the amount of money that someone is willing to pay for it. The market will value your Fixed-Up home greater than your AS-IS home, but in order to get you home to that Fixed-Up state, you will need to spend money. How much did you really win by selling your home for $50,000 more by fixing it up, if you spent $45,000 and 3 months to get it to that price?

Are you still considering fixing up your home before selling? Let’s talk about how much it costs to fix a home up to sell-ready condition. Go onto Zillow or Redfin and look at houses for sale in your neighborhood. Look at all of the photos and see that the best houses have fresh paint, newer kitchens, newer bathrooms, clean undamaged siding, newer windows. You get the idea. I’m not saying you have to redo your whole home, but everything can’t be from 1985! And if it is from 1985, painting the cabinets, or replacing the bathroom vanity with a $200 Home Depot Special is just wasting your time and money. I’ve seen so many people make half-baked upgrades, only to be disappointed at sales time. A new buyer wants a new kitchen, not an old kitchen with new paint. The point is, do it right, or don’t do it at all.
Here are some numbers for 2022:
Kitchen - $20,000
Bathroom - $10,000 each
Paint: $2/ Square foot of living space Plus paint
Roof: $110/ Square
Dumpster: $500
Don’t forget siding, gutters, lawn care.
The general figure for a median home comes out to be about $40/square foot, to get a home into tip top shape for sale.

And while you are doing all of this work, you are paying taxes, insurance, and probably your mortgage. When all added together, you are not losing much, if any at all, by selling your home AS-IS.


Matt Walsh
[email protected]
(757) 755-5587
Notary Public

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