Selling a house that is dated and "worn."

[Anonymous]

Anonymous wrote:I would price it to sell rather than offer allowances. That sounds fussy.

But we (not my doing) went the other route and updated a lot of things and I think we lost a lot of money on things the new owners were going to change anyway.

Yes. We bought a house that desperately needed a new kitchen and deck. We sold a house where the kitchen needed updating. My take on it was that the new owners would want to redo the kitchen the way they want; DH thought we should upgrade it. Realtor agreed with me.

BUT, I will say that both houses were in desirable locations. If the house is not in a good location, you want to update it to some degree, or price it really low. Some people just don't want to be bothered with a remodel when they buy a new house.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Don't listen to realtors who tell you to renovate. It only benefits them (easier to sell and higher selling price).

Um, easier to sell at a higher price also benefits the seller, genius

Not if the time & $$$ spent to renovate is less than or equal to the selling price gained. Are you really this ignorant?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Don't listen to realtors who tell you to renovate. It only benefits them (easier to sell and higher selling price).

Um, easier to sell at a higher price also benefits the seller, genius

Not if the time & $$$ spent to renovate is less than or equal to the selling price gained. Are you really this ignorant?

More than

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Don't listen to realtors who tell you to renovate. It only benefits them (easier to sell and higher selling price).

Um, easier to sell at a higher price also benefits the seller, genius

Except the higher price isn’t a benefit to the seller if you’ve spent more than the gain on renovations. It is a benefit to the realtor who makes a bigger commission.

If the seller spends a high estimate of $10,000 for painting, cleaning and yard clean up and sells the house for $860,000 instead of $800,000, the additional listing commission is $1,000. Add that to the $10,000 costs to the seller, and the seller nets $49,000 more

dp. thanks genius.

in our case the agents are pushing more like 50k of renovations (interior paint, exterior paint, new deck, new cabinets, plus all the actually broken stuff we have to fix.) Very unclear if we would recoup that.

[Anonymous]

Anonymous wrote:Houses should be renovated every 10-12 years and buyers expect that. No one under 45 wants to have a project they want HGTV move in ready.

that’s mentally deranged. I guess this is why millennials complain about being unable to afford homes.

[Anonymous]

Price to sell.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Houses should be renovated every 10-12 years and buyers expect that. No one under 45 wants to have a project they want HGTV move in ready.

that’s mentally deranged. I guess this is why millennials complain about being unable to afford homes.

Why should we cleanup your used up houses that you haven't been maintaining.

[Anonymous]

List as-is for a lower than average but reasonable price.

If possible, show vacant and clean, maybe entrance freshly painted. Open windows for cross ventilation as much as possible. Remove any fabric window treatments, throw rugs and everything from walls. Clear surfaces. Depersonalize.

New door mat. Clean windows.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Don't listen to realtors who tell you to renovate. It only benefits them (easier to sell and higher selling price).

Um, easier to sell at a higher price also benefits the seller, genius

Except the higher price isn’t a benefit to the seller if you’ve spent more than the gain on renovations. It is a benefit to the realtor who makes a bigger commission.

If the seller spends a high estimate of $10,000 for painting, cleaning and yard clean up and sells the house for $860,000 instead of $800,000, the additional listing commission is $1,000. Add that to the $10,000 costs to the seller, and the seller nets $49,000 more

dp. thanks genius.

in our case the agents are pushing more like 50k of renovations (interior paint, exterior paint, new deck, new cabinets, plus all the actually broken stuff we have to fix.) Very unclear if we would recoup that.

New deck and new cabinets is insane. Exterior paint only should be done if old paint is peeling or some terrible color. You won’t recoup the money spent.

We passed on an otherwise nice house where they redid the kitchen. It was brand new, but the layout was terrible. They should have saved their money and sold it with the old kitchen, priced accordingly. We would have considered it then and planned on doing the kitchen the way we wanted to. I just couldn’t bring myself to buy a house with a brand new kitchen that I hated.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Houses should be renovated every 10-12 years and buyers expect that. No one under 45 wants to have a project they want HGTV move in ready.

that’s mentally deranged. I guess this is why millennials complain about being unable to afford homes.

Why should we cleanup your used up houses that you haven't been maintaining.

Because that’s what you paid for?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Don't listen to realtors who tell you to renovate. It only benefits them (easier to sell and higher selling price).

Um, easier to sell at a higher price also benefits the seller, genius

Except the higher price isn’t a benefit to the seller if you’ve spent more than the gain on renovations. It is a benefit to the realtor who makes a bigger commission.

If the seller spends a high estimate of $10,000 for painting, cleaning and yard clean up and sells the house for $860,000 instead of $800,000, the additional listing commission is $1,000. Add that to the $10,000 costs to the seller, and the seller nets $49,000 more

dp. thanks genius.

in our case the agents are pushing more like 50k of renovations (interior paint, exterior paint, new deck, new cabinets, plus all the actually broken stuff we have to fix.) Very unclear if we would recoup that.

New deck and new cabinets is insane. Exterior paint only should be done if old paint is peeling or some terrible color. You won’t recoup the money spent.

We passed on an otherwise nice house where they redid the kitchen. It was brand new, but the layout was terrible. They should have saved their money and sold it with the old kitchen, priced accordingly. We would have considered it then and planned on doing the kitchen the way we wanted to. I just couldn’t bring myself to buy a house with a brand new kitchen that I hated.

I’m actually on the fence about exterior paint. It’s a bad color and peeling a bit but it literally seems like “lipstick on a pig.”

[Anonymous]

Anonymous wrote:Houses should be renovated every 10-12 years and buyers expect that. No one under 45 wants to have a project they want HGTV move in ready.

JFC this is why our planet is dying

[Anonymous]

Anonymous wrote:It often is smarter just to price accordingly, rather than than mess about with allowances or to renovate yourself. Be clear in the MLS listing that the house is being sold as-is.

We renovated right after buying our current house. We were glad that the previous owner had not renovated, because it let us choose the cabinets, finishes, and such like.

This.

My parents' neighbor was apparently obsessed with updating before they sold. The people that bought their house had plenty of money and a different vision for the house and ripped out most of those brand new updates.

That said, a coat of paint and clean carpets, staging, are likely worth the money simply to make the house look its best.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Don't listen to realtors who tell you to renovate. It only benefits them (easier to sell and higher selling price).

Um, easier to sell at a higher price also benefits the seller, genius

Except the higher price isn’t a benefit to the seller if you’ve spent more than the gain on renovations. It is a benefit to the realtor who makes a bigger commission.

If the seller spends a high estimate of $10,000 for painting, cleaning and yard clean up and sells the house for $860,000 instead of $800,000, the additional listing commission is $1,000. Add that to the $10,000 costs to the seller, and the seller nets $49,000 more

dp. thanks genius.

in our case the agents are pushing more like 50k of renovations (interior paint, exterior paint, new deck, new cabinets, plus all the actually broken stuff we have to fix.) Very unclear if we would recoup that.

New deck and new cabinets is insane. Exterior paint only should be done if old paint is peeling or some terrible color. You won’t recoup the money spent.

We passed on an otherwise nice house where they redid the kitchen. It was brand new, but the layout was terrible. They should have saved their money and sold it with the old kitchen, priced accordingly. We would have considered it then and planned on doing the kitchen the way we wanted to. I just couldn’t bring myself to buy a house with a brand new kitchen that I hated.

I’m actually on the fence about exterior paint. It’s a bad color and peeling a bit but it literally seems like “lipstick on a pig.”

Peeling paint and bad color I’d actually consider painting. Go with something neutral that most people would be content to live with for a while.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Don't listen to realtors who tell you to renovate. It only benefits them (easier to sell and higher selling price).

Um, easier to sell at a higher price also benefits the seller, genius

Except the higher price isn’t a benefit to the seller if you’ve spent more than the gain on renovations. It is a benefit to the realtor who makes a bigger commission.

If the seller spends a high estimate of $10,000 for painting, cleaning and yard clean up and sells the house for $860,000 instead of $800,000, the additional listing commission is $1,000. Add that to the $10,000 costs to the seller, and the seller nets $49,000 more

dp. thanks genius.

in our case the agents are pushing more like 50k of renovations (interior paint, exterior paint, new deck, new cabinets, plus all the actually broken stuff we have to fix.) Very unclear if we would recoup that.

New deck and new cabinets is insane. Exterior paint only should be done if old paint is peeling or some terrible color. You won’t recoup the money spent.

We passed on an otherwise nice house where they redid the kitchen. It was brand new, but the layout was terrible. They should have saved their money and sold it with the old kitchen, priced accordingly. We would have considered it then and planned on doing the kitchen the way we wanted to. I just couldn’t bring myself to buy a house with a brand new kitchen that I hated.

I’m actually on the fence about exterior paint. It’s a bad color and peeling a bit but it literally seems like “lipstick on a pig.”

Peeling paint and bad color I’d actually consider painting. Go with something neutral that most people would be content to live with for a while.

it’s a really ugly color so … yeah.