houselogic

Fixer-Upper Sellers Unrealistic on Price?

Sure, the sellers know potential buyers must be willing to invest much-needed TLC in their home after the purchase. The tough part is getting them to price properly based on the true cost of necessary fixes.

Help them be realistic about repair costs by branding, printing, and hand-delivering a free article, How to Assess the Real Cost of a Fixer-Upper House, from the REALTOR® Content Resource. It’s one of five free articles now available in the “Position Yourself to Be a Better Buyer” article package. Share all five today.

Visit houselogic.com for more articles like this.

Copyright 2014 NATIONAL ASSOCIATION OF REALTORS®

The REALTOR® Content Resource is brought to you by the NATIONAL ASSOCIATION OF REALTORS®. With it, you can download free homeownership content from HouseLogic to your marketing materials.

HouseLogic

HouseLogic is comprehensive consumer website — from NAR — geared to helping homeowners make smart decisions to enhance, maintain, and protect the value of their home.

More Posts - Website - Twitter - Facebook

Comments
  1. I’ve found more of this in Houston. There are foreclosures selling for the same price as homes that do not need repair. These homes are not fix a little here and fix a little there, they are complete guts that need to be taken down to the studs…This is why a short-sale is preferable to foreclosure, we won’t have as many of these properties priced at retail that need 40k in renovations.

  2. I agree Justin’s comment, a short-sale is preferable to foreclosure. :) Unfortunately, this happens — The tough part is getting them to price properly based on the true cost of necessary fixes. :(

  3. Of course the only issue is that short sale can take up to 1 year and half to close, and the bank can always (and they do) till the end come up with much higher price that the offer you made.
    you can waste a lot of time with short sale and you will be not sure that you have a deal for months. Of course if you lucky and close a quick short sale at a good price then it’s great! but it’s not easy.

ADD YOUR COMMENT