Selling a home "as is"

kjofkw
Fri, 16 Apr 2010 19:04:12 +0000

Most articles I’ve read which outline the pay-back you can expect to receive on various improvements are less than 100%-- Even updated kitchens and baths. Perhaps you may get 80% return. So why even bother updating? It will sell faster. If you’re making mortgage (and tax) payments, that could make a difference in the long run. But it is rare to recoup your investment. Paint, de-cluttering and deep cleaning on the other hand typically pay back more than you paid.

The few realtors we’ve dealt with in the long ago past, would come in and praise our house, as-is, and suggest only a few minor modifications. Only after it did not sell, would they start to pick apart all the things we should improve. Remember a faster sale is also more money in their pocket too (same amount, but less invested by them).