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Real Estate
Reply to "Selling a house that is dated and "worn.""
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Don't listen to realtors who tell you to renovate. It only benefits them (easier to sell and higher selling price).[/quote] Um, easier to sell at a higher price also benefits the seller, genius[/quote] 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. [/quote] 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 [/quote] The original comment was about spending money on renovations, not just painting and cleaning. [/quote]
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