Reply to Selling a house that is dated and "worn."

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

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. [/quote]

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.  [/quote]

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.” [/quote]

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