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 

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.  

250 would be a very nice home in our town.  And 50k would buy a not so bad home too.

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

In our market, well priced "as is" homes usually generate multiple offers, as there are many flippers, as well as flipper-wanna-be's. 

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.

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. 

I have this problem now.  It is a fixer upper but family wants full price.

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

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. 

There is a really strong market here for fixers, so I'd be tempted to go that route.

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.

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.

Reduced price - not a fan of as-is since it doesn't really mean anything

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.

It depends.

On the market.

On the seller.

Sell it at 70% or less of ARV so the investor that buys makes money.

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.

In this price range and in my market, it would be snatched up in an AS IS sale.

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!

As is. IMHO an ARV of 300-325 is low.

All the sharks come out with a fix-it. As to pristine & prime they stand in line

Initial reaction is "As is"... but, as always, it depends on various circumstances.

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

$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!

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.

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.

Doesn't sound like the investment would gain a positive return, so my vote would be as is.

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 

Depends on the market.

Sell it to an investor or use FHA 203(k) financing for a new purchaser.

Kathleen Daniels nailed this one!

As Is unless you think it won't sell in a reasonable period of time, Fred.

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. 

Fred Griffin - 'as is' for $250K will generate more traffic and perhaps, bidding war. Seller will be a winner.

As-is

As is, it helps keep the price down.

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.

Fred,

What are the sellers goal?  I think that would determine the answer.  A

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?

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.