

3,448,066
It depends on what the seller's goals are. You have to factor in the cost to carry ... possible contractor delays or delays in materials delivery. Based upon the numbers you provided ... I'd say as is sale is the best way to go.
But ... and that is a big BUT ... I do not know your market - how long it would take to sell ... and other local market variables. You be the man for that
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Tony and Suzanne Marri...
Scottsdale, AZ
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Debbie Gartner
White Plains, NY
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Bob Crane
Stevens Point, WI
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Allie Angeloni
Oro Valley, AZ
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Fred Griffin Florida R...
Tallahassee, FL
291,019
I would list the house 'As Is' at $250K. Does the seller have 'the time needed' to do a major remodel, and does the seller have 'the funds' to do all of the repairs - and huge consideration - does the seller want to? If the seller is not moving in the near future, meaning no 'urgency or need' to move, then it could happen. I just know that all renovations, outside of HVAC and roof, may not be the personal choice of the buyer (just because it's new flooring or paint or a new kitchen doesn't guarantee the next person will love the style or color or material), and then was it all 'worth the time and $50 - $75K'. No guarantees, and it depends on the mindset of the seller - Good Luck Fred Griffin.
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Debbie Gartner
White Plains, NY
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Fred Griffin Florida R...
Tallahassee, FL
6,770,326
250 would be a very nice home in our town. And 50k would buy a not so bad home too.
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Allie Angeloni
Oro Valley, AZ
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Fred Griffin Florida R...
Tallahassee, FL
1,014,538
I'd go fpr he reduced price because as-is doesn't mean the buyer doesn't have the right to inspect and counter as they see fit
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Jessie Cochran
Panama City, FL
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Fred Griffin Florida R...
Tallahassee, FL
1,027,657
In our market, well priced "as is" homes usually generate multiple offers, as there are many flippers, as well as flipper-wanna-be's.
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Fred Griffin Florida R...
Tallahassee, FL
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Chrissi Chapman Topoleski
Woodbridge, VA
1,269,349
Fred Griffin
I simply do not get it. The nice home photo is not I envision what the house looks like today. To ans your question correctly we need what it looks like outside and interior.
Right now all contractors are booked solid. To spend 100K on fixing only no good contractor will be interested to work on it.
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Fred Griffin Florida R...
Tallahassee, FL
3,988,144
Having repairs done is always my preference but sometimes the seller just can't swing it and would rather deeply discount. I explain they are leaving money on the table and let him decide.
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Fred Griffin Florida R...
Tallahassee, FL
5,292,474
I have this problem now. It is a fixer upper but family wants full price.
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Fred Griffin Florida R...
Tallahassee, FL
3,417,456
Value should return twice what the cost of repair is to make it worth while. Take bank owned homes, like Fannie or Freddie will spend tens of thousands on things that return little value while ignoring other repairs that could be made
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Fred Griffin Florida R...
Tallahassee, FL
2,234,865
Do you have a lot of cash buyers in your area? This one might be difficult for most types of financing if it needs that much work.
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Fred Griffin Florida R...
Tallahassee, FL
3,764,591
There is a really strong market here for fixers, so I'd be tempted to go that route.
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Fred Griffin Florida R...
Tallahassee, FL
1,546,624
Depends. Fix-up costs are likely to grow as the project gets started. I'd buy it for $250k for a rental and dump the money in. For resale I wouldn't touch it with a 10 foot pole at those prices! Even if you could buy it at 250, only put in 50 and sell it for 325, you'd be lucky to break even after taxes, fees and commissions.
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Fred Griffin Florida R...
Tallahassee, FL
1,759,237
I would just flip it. There are always more issues that turn up once the renovations strt, so that $60k number may suddenly become $80k.
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Fred Griffin Florida R...
Tallahassee, FL
232,119
Reduced price - not a fan of as-is since it doesn't really mean anything
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Fred Griffin Florida R...
Tallahassee, FL
2,718,403
Seller has the money.
But I recommend "As Is", with the suggestion that potential Buyers get a Renovation Loan.
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Fred Griffin Florida R...
Tallahassee, FL
1,466,257
Fred Griffin $50,000 - $60,000 under market is going to bring out all the investors. It will probably go, but they may want to low ball it more.
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Fred Griffin Florida R...
Tallahassee, FL
4,793,702
It depends.
On the market.
On the seller.
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Fred Griffin Florida R...
Tallahassee, FL
1,618,024
Sell it at 70% or less of ARV so the investor that buys makes money.
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Fred Griffin Florida R...
Tallahassee, FL
682,661
Going strictly on the numbers provided, spending $50-60k to *hopefully* end up with basically the same result would not make it a wise financial decision, not to mention the time and aggravation factor. As-is makes most sense to me.
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Fred Griffin Florida R...
Tallahassee, FL
152,917
In this price range and in my market, it would be snatched up in an AS IS sale.
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Fred Griffin Florida R...
Tallahassee, FL
5,561,993
As-is price plus repairs plus closing costs and holding costs must be less than the selling price or pass! What do the market drums tell you? Listen closely!
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Fred Griffin Florida R...
Tallahassee, FL
5,180,649
As is. IMHO an ARV of 300-325 is low.
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Fred Griffin Florida R...
Tallahassee, FL
2,873,448
All the sharks come out with a fix-it. As to pristine & prime they stand in line
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Fred Griffin Florida R...
Tallahassee, FL
2,365,265
Initial reaction is "As is"... but, as always, it depends on various circumstances.
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Fred Griffin Florida R...
Tallahassee, FL
846,575
I think most sellers in this situation do NOT have the $$ to do the repairs therefore I would list "AS-IS". Then someone like me will jump on it and do their own upgrades
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Fred Griffin Florida R...
Tallahassee, FL
1,153,799
$50,000 to $60,000 sounds a little light for all of those needed "upgrades". I'd be looking at the As-Is and $250K asking to get it sold!
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Fred Griffin Florida R...
Tallahassee, FL
1,713,581
Maybe try the as is timeline for a short time like two weeks? Having a deadline can focus the buyer or flipper. Then also put in the listing that the fix up is X dollars and come help with the rehab to make it your own.
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Fred Griffin Florida R...
Tallahassee, FL
936,768
Depends on what it will appraise for after spending $60,000.00. Also, if it's good location and buyer plans on staying for several years, it might be worth paying more than appraised value. 203k might work.
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Fred Griffin Florida R...
Tallahassee, FL
292,735
The repairs you identified will come up on any inspection report. Whatever the cost you never get 100% return on value when you sell . I would sell as is
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Fred Griffin Florida R...
Tallahassee, FL
4,434,277
8,241,008
Sell it to an investor or use FHA 203(k) financing for a new purchaser.
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Fred Griffin Florida R...
Tallahassee, FL
3,074,716
Kathleen Daniels nailed this one!
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Fred Griffin Florida R...
Tallahassee, FL
634,582
As Is unless you think it won't sell in a reasonable period of time, Fred.
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Fred Griffin Florida R...
Tallahassee, FL
1,658,008
Depends on your location. I would go as is and lower price, and less headache for sellers. I have a line of investors who is calling/emailing me all the time about fixers.
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Fred Griffin Florida R...
Tallahassee, FL
4,322,295
Fred Griffin - 'as is' for $250K will generate more traffic and perhaps, bidding war. Seller will be a winner.
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Fred Griffin Florida R...
Tallahassee, FL
4,273,331
1,772,017
As is, it helps keep the price down.
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Fred Griffin Florida R...
Tallahassee, FL
216,960
Sell as is. You never know, once renovations begin, if it may uncover something else. Sometimes it can be a money pit. By doing so, it will enable the buyer to remodel the home to their style. Keep it simple.
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Fred Griffin Florida R...
Tallahassee, FL
5,774,106
Fred,
What are the sellers goal? I think that would determine the answer. A
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Fred Griffin Florida R...
Tallahassee, FL
5,204,310
The upgrades sound like more than $50-60K. And once the seller spends that do they want $xxx for the home to cover their investment?
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Fred Griffin Florida R...
Tallahassee, FL
2,820,193
Are you sure that only costs $60,000 for those renovations? It sounds like it will be a lot more. I mean I know things are much cheaper there, but I thought roofs can cost around $30,000, kitchen $25,000, HVAC $10-20,000. Plus bathrooms ($5000-$10,000 each) + paint and floors.
I'd prob go with the lower price, but I have to agree w/ Kathleen Daniels 's comment.
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Fred Griffin Florida R...
Tallahassee, FL