Reply to Any disadvantages to using Compass Concierge to prep for sale?

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[quote=Anonymous][quote=Anonymous]Make sure that if you spend x dollars, you'll get enough more for the house to cover that plus the extra in taxes and commissions for the higher sales price plus enough left over profit to make it worth your effort.

We interviewed a Compass agent, and they recommended a lot of updates prior to selling. However, when we pressed, they acknowledged that we wouldn't necessarily get a higher sales price, but it would make it easier to sell more quickly. So in the end, we would lose money by doing these upgrades.

The another agent said just fix anything broken that could be a deal breaker or tank an inspection.

The agent we went with said just repair noticeably broken or missing things. She specifically said we would never get our money back by just doing improvements because buyers either pay a lot more for a perfect flip or you don't make your money back.

The most sensible advice we've amassed over the years is to just repair or replace broken or missing things. For example, fix flashing, replace a missing cabinet knob or piece of trim. Don't make improvements if you're not doing a 100% flip because you won't get your money back. So don't upgrade the kitchen or a bathroom unless it's the ONLY thing in the house that's below a certain level. Don't make part of your house brand new and up to date if any other part of the house isn't at that level. You probably won't get your money back.[/quote]

I forgot to add that painting gets you the most bang for your buck if the paint is outdated or in poor condition. But don't pay a fortune for it.[/quote]

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