Reply to sell as-is vs renovate

Forum Index » Money and Finances

Reply to "sell as-is vs renovate"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]

I'm confused.  Are you OP?  Is this all a sock puppet?  Given OP's young age (61) and retirement resources, OP should examine why he/she is not able to cover monthly expenses and how moving would improve that. Can expenses be cut?  Can OP get a roommate? Also, OP does not seem to be factoring in moving expenses and expenses associated with the new place to live.  Rarely do furniture, window treatments, rugs work perfectly and that costs money.   [/quote]

I am the OP. My husband died and he was the majority breadwinner.[/quote]

PP of this comment.  My condolences. I'm sorry for your loss.  My suggestion is that if this is relatively recent, can you take 6-12 months by modestly drawing down your savings or finding a renter to make ends meet to give you time to adjust.  Also, if you were the PP to the 30 year comment, that is a long way in the future.[/quote]

I am the same person with the health issue that is a long-term thing but major cannot-do-stairs issues are likely decades away.

My original question centered on should I sell the house as-is or should I do renovations now.

I failed to mention that there is the exclusion of $500,000 in home sale profits to consider -- this expires after 2 years.

https://www.kiplinger.com/article/taxes/t010-c001-s003-paying-taxes-on-a-home-sold-after-a-spouse-s-death.html

In the meantime, I have been using savings to cover the difference between my monthly income and monthly expenses.

What I am hearing is I should reach out to a real estate agent to get some feedback. (However, I should be cautious as they may want me to spend $ on renovations to increase their profit margin over an as-is listing.)[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics