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Is it better to fix up a home before selling it or sell it as is?

by HShake from Leesburg, Virginia. May 8th 2013 Reply


Ken Burrows (mortgagesforamerica)
#19 ranked lender in Nevada - 572 contributions

it completely depends on if you can get your money out that you put in based on the area and the new appraisal after the updates. An experienced contractor and realtor in the area should be able to consult with you on that.

May 8th 2013
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Lynn Bossi Kinsel (LynnKinsel)
#39 ranked lender in Virginia - 61 contributions

It really depends on what you mean by "fix it up". I would recommend getting a referral to a realtor and contractor in your area to discuss the payback on the items you have to "fix up". Also, if your buyer goes FHA or VA, appraisal requirements on repairs are pretty strict and generally must be completed before settlement. Hope this helps.

May 8th 2013
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James Mazzola (Mazzola)
#110 ranked lender in New Jersey - 314 contributions

Just make it clean and fresh paint.

May 8th 2013
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Charlie Sparks (CharlieSparks)
#8 ranked lender in New Mexico - 401 contributions

Talk with a local Realtor who is familiar with your neighborhood. They will probably recommend a thorough cleaning, maybe some paint and sprucing up the front yard for better curb appeal. Lights, plumbing, furnace, AC, etc. should be operational. Other improvements will be difficult to get a dollar-for-dollar return on the expense.

May 8th 2013
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Dave Metsker (DaveMetsker)
#36 ranked lender in Oregon - 2,318 contributions

Clean it up. Curb appeal and first impressions are very important to a buyer.

May 8th 2013
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Jericho Cherry (Jerichocherry)
#56 ranked lender in Virginia - 1,107 contributions

It depends on what repairs need to be done. I am licensed in the state of Virginia and I can help, but I need more information. Please feel free to call me at any time. Jericho Cherry - 804-556-0685, or email me. jcherry@loansimple.com

May 8th 2013
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Jason Vondrak (jvondrak)
#221 ranked lender in California - 1,741 contributions

It all depends on what repairs you are planning on making to your home and the return you will get on your investment. Certain repairs will enable you to sell your home a greater price. You should at least tidy up your home and maintain the lawn for curb appeal to help attract buyers and ensure your home sells.

May 8th 2013
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Depending on what degree of repair is needed, I would encourage you to fix it. If the repairs are extensive, it might be cheaper to sell it as-is, but that typically reduces the price. I've attached a blog I wrote to help sellers sell more quickly. Hopefully the advice will help you with the process.What can I do to sell my home more quickly? Depending on what degree of repair is needed, I would encourage you to fix it. If the repairs are extensive, it might be cheaper to sell it as-is, but that typically reduces the price. I've attached a blog I wrote to help sellers sell more quickly. Hopefully the advice will help you with the process.What can I do to sell my home more quickly? Depending on what degree of repair is needed, I would encourage you to fix it. If the repairs are extensive, it might be cheaper to sell it as-is, but that typically reduces the price. I've attached a blog I wrote to help sellers sell more quickly. Hopefully the advice will help you with the process.What can I do to sell my home more quickly? http://actvra.in/ngF

May 8th 2013
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Depending on what degree of repair is needed, I would encourage you to fix it. If the repairs are extensive, it might be cheaper to sell it as-is, but that typically reduces the price. I've attached a blog I wrote to help sellers sell more quickly. Hopefully the advice will help you with the process.What can I do to sell my home more quickly? http://actvra.in/ngF

May 8th 2013
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Elden Lewis (elewis_409_299)
#41 ranked lender in Indiana - 223 contributions

There are a lot of factors that go into making that decision. If it were me and i was not experienced in property values i would contact a real estate agent and let them know of your intention and take their advice. Find the agent in your local market preferably one who has been a realtor for some time (experienced) and is a top producer.

May 8th 2013
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Steven Cook (stcookmortgage@gmail.com)
#38 ranked lender in Washington - 256 contributions

I would suggest contacting one of the following local realtors for some very good advice on what you really need to do:Lenn Harley, Real Estate Broker, Virginia (800) 711-7988 OR Jeff Pearl RE/MAX Distinctive (703) 727-4876Good luck in your final decision and on the upcoming sale.

May 8th 2013
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Jeff Riley (JRILEY)
#0 ranked lender in Massachusetts - 17 contributions

Depends on how much you can afford and what is needed. I would focus on the basis items that may need repairing and then focus on cosmetics such as paint & landscaping. Right now is a great time to sell and inventory is low. In MA & RI there are multiple offers and some are exceeding full price. Most of these properties are older and need some sort of updating but are still selling rather quickly. I would test the market in VA and list it after the minor repairs (if any) are made.

May 8th 2013
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Raymond Denton (Raymond)
#11 ranked lender in Ohio - 224 contributions

It's generally better to fix it up. Spending $20,000.00 can make you an extra $40,000.00 - easily.

May 9th 2013
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