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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Paint and stage, but do not renovate.

I would not offer allowances but the listing should say something like "price allows you to select your own updates on your schedule."[/quote]

Why? Some may be looking for a fixer but some may just want to be in the neighborhood and bought the cheapest house. Unless it’s a tear down no need to suggest it needs updates.[/quote]

That's a fair point, and it depends on how dated it is. Saying something in the listing might prevent buyers coming back with price reductions for the carpet etc. when that’s already priced in. But maybe not. [/quote]

This.  A neighbor of mine bought a house for a steal because it wasn't updated/ weird layout.  Granted it didn't need any system updates.  She did a kitchen and all bath renovation and took down some walls and it is gorgeous.  You can tell it is way better than just a slip, better quality.  Another neighbor bought a home flipped and the cabinets, etc look cheaper even though the price was more.

She purchased for $1.2 for a house that would have easily gone for $2-2.5mil if updated, so even with updates she came out ahead.  She said the sellers also had no other offers because of the state of the house whereas other homes they put offers in had multiple offers.  [/quote]

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