Quote:
Originally Posted by Mike Moore
I'm about to sell a 20-year-old Patio Villa that has not had its roof or AC replaced although both are functional. My goal is to get as much out of the house as possible.
Should I (1) Sell the house at a low price in recognition that the buyer will need to replace both? or, (2) go through the hassle and time to spend $20-25k to replace both before listing it?
Or, put another way, will the demand for (1) be so low that I shouldn't waste my time?
Asking here instead of a Realtor as I'm considering FSBO.
Thanks! Mike
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Former house flipper here. From 2004 to 2021 I bought and sold 20 houses.
I would pay for a home appraisal to determine fair market value "as-is-where-is."
This will establish a base value. Now you negotiate. If a potential buyer is concerned about the roof, consider a buyers allowance for them to get it done. Your appraisal should tell you the remaining useful life for roof, A/C and appliances. If you are a not a good negotiator, hire a real estate agent. Houses listed/sold by agents almost always sell for more than a FSBO. I have sold both ways, using a pro is better.