Closet systems - for selling house
Roberta Long
11 days ago
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Comments (21)
Moore4
11 days agoRelated Discussions
Thoughts on replacing a HVAC system before selling
Comments (15)The question on the table is if you replace it before you sell it or not. And If by replacing it you remove what could be a significant impediment to the home selling. Yes, you are on borrowed time. I think that's understood. The question of the HVAC unit will not come into play until the inspection - after an offer is made on the home. Unless someone catches that issue before hand, it will not affect the marketability or the bid price for the house. As long as the unit is operable it's not a defect that the owner must disclose at listing. It will (probably- but may not) come into play post inspection and you should anticipate having to provide a cash amount to remedy the problem. Again, I would start at 1/2 the price of a new system or slightly more as my initial offer. You need to have a good idea of what that would be - so you need estimates. That said, the potential buyer will likely get his own estimate at that time. As a seller, this saves you about half the cost of replacing the system and the hassle (or it might not be an issue at all for the buyer). For the buyer, they get to decide what system (instead of the rock bottom unit that someone installs to sell). In addition, they get to decide if they want to install a new system or not. (they could take that money and use it for decorating) What's more, if they install the system instead of the seller, the warranty will be in their name. Some warranties are to the original purchaser and aren't transferable. I would very much prefer the cash as a buyer in this situation....See MoreThinking of selling - very old HVAC system
Comments (14)If it ain't broke, don't replace it. We just bought a home built in 1973. What I loved was that the home came with a warranty, if something breaks I just call the warranty company and they send someone right out to fix or, and here is the value to your buyer, if they can't fix it they replace the system. It was less than $500 (sellers paid) and it covers a whole host of things, including HVAC. As the buyer I just have a $100 deductible. Two weeks after we bought the house the 20+ year old water heater stopped working. Only cost me $100 buck to get a new one. Friday night the AC stopped working. Whatever the problem, I know that it won't cost me more than $100 bucks because of the warranty....See MoreSelling old house, any tips to sell it fast?
Comments (58)We are currently under contract for full asking price (all cash) after 4 days of showings and two offers, so I (smugly) feel qualified to answer this question. This is our third time selling and the second time with a quick sell in a buyer's market. Here's what we did: Interviewed three real estate agents. They all came up with the same selling price, so we chose a flat fee agency and are saving $12,000 in commissions. This agent was very good, took professional pictures, wrote the listing, posted to MLS, dealt with contract negotiations, the whole shebang minus open houses which we didn't want anyway. Super happy with this company. I did research the agent on Realtor.com before choosing him. Took our agent's advice on pricing. We were not in a hurry to sell, looked at the comps, and agreed that our agent had us solidly in the middle of what we could reasonably expect to sell our house for. Through the 9 years we have owned the house, we have updated everything, including having our very small Florida yard professionally landscaped. Fixed everything that was broken Cleaned everything Repainted where we couldn't clean the walls or trim adequately Decluttered, put a bunch of stuff in storage Staged the house nicely Put everything personal away for showings The only things on counters were decorative Bowl of green apples on kitchen counter for a pop of color against the granite Hung fresh white towels that we don't use in the bathrooms Used tasteful artificial flower arrangements in most rooms Fresh mulch in garden beds Refreshed flowers in front borders Trimmed hedges and trees Turned on all of the lights before showings House was spotless for showings (we don't normally live this way, but it's worth it to get top dollar for our house and not prolong the painful selling process) Turned on our Sonos to soft jazz music Got ourselves, our cats, and the litter box out of the house for showings Here's what we didn't do: Neutralize all of the colors in the house. We have earthy tones of blue, green, rust, and aqua in our house, but everything is not beige, white, or gray.. Get rid of curtains (I posted several months ago about this, ultimately decided to keep them) Hire a professional stager Set the table with plates Scent the house with anything We met our buyers on Saturday for the home inspection and asked them what made them want the house. They said: Loved the landscaping Looked professionally staged Clean and inviting Didn't need to do anything to the house Looked well taken care of We are super happy with our experience selling this time, love our buyers, and are looking forward to the May 8 closing!...See MoreUpdate home to sell or sell as is
Comments (11)The answer is it depends. If you have the extra cash and can find affordable contractors to do the work at good price it might make sense to make the repairs. Keep in mind there is not a "one size fits all" renovation that will satisfy all potential buyers either. I've seen sellers spend way too much on renovations only to find out potential buyers didn't care for the upgrades that were made. Also, the repair costs could add up quick especially if you are replacing windows and siding too. But if you do decide to move forward with the cosmetic improvements I would suggest a luxury Vinyl tile flooring. This is a very durable floor that looks like real hardwood. Neutral colors work best for paint and if the cabinets are in good shape but need paint/finish Rustoleum is a great solution for cabinet refinishing. When you say bathrooms does the entire bathroom need work? From the kitchen picture I would suggest new countertops (granite /quartz), SS appliances, a new backsplash and a big money saver would be to paint or refinish the cabinets. Selling "as is" is another good option if you don't want to spend the money. There are a ton of investors out there who buy houses for cash, or claim to anyway. Just beware because there are some that either don't have much experience or are not local to your community and they end up partnering with other investors to get a deal done. In many cases the deal could fall apart. But there are GOOD investors out there who make fair deals. Here is an example of a quality "We Buy Houses" company. Hope this helps. Best of luck!...See Morebpath
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