Reply to sell as-is vs renovate

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[quote=Anonymous][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]

Yes, this is what you should do. And I really don't understand all these people saying a realtor wants you to do renovations just for themselves. Honestly, an AS-IS sale can be much, much harder to sell (unless you are going to go the investor route, in which case you will get a very low ball offer), but actually an easier transaction. Get a good, reputable realtor who you can trust and will be honest with you. Not all realtors are out to screw you. Actually, most are not. Find someone who works with seniors on a regular basis. [/quote]

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