[gvc8]

Not sure if this is the proper forum, but what is the best way to sell an inherited house in "as-in" condition? custom home built in '86 and needs remodeling which I dont want to do it myself. I figure here are my 3 options in order of maximum profit:

1) list it with a realtor and market it like an as is short sale with no bank at discounted below market price

2) aution

3) cash investor

I know #2 will attract #3 but should produce higher price with cross bidding?

any other viable options?

[jthrasherpoker]

Originally Posted by gvc8

Not sure if this is the proper forum, but what is the best way to sell an inherited house in "as-in" condition? custom home built in '86 and needs remodeling which I dont want to do it myself. I figure here are my 3 options in order of maximum profit:

1) list it with a realtor and market it like an as is short sale with no bank at discounted below market price

2) aution

3) cash investor

I know #2 will attract #3 but should produce higher price with cross bidding?

any other viable options?

You can sell it yourself and list it on Craigslist and other online sites? You don't NEED to have a realtor but it does help sometimes.

[airics]

you cant list it as a short sale... get a realtor.... custom built house in 86.. where is it located?

[gvc8]

Originally Posted by airics

you cant list it as a short sale... get a realtor.... custom built house in 86.. where is it located?

yeah, I know its not a short sale, just wanted to market it in "as is" because I dont want to do the renovations myself, although there are no structure repairs needed ( as far as I know ) other than remodeling. House is located in Section 10 (no HOA)

[lvoc]

Originally Posted by gvc8

Not sure if this is the proper forum, but what is the best way to sell an inherited house in "as-in" condition? custom home built in '86 and needs remodeling which I dont want to do it myself. I figure here are my 3 options in order of maximum profit:

1) list it with a realtor and market it like an as is short sale with no bank at discounted below market price

2) aution

3) cash investor

I know #2 will attract #3 but should produce higher price with cross bidding?

any other viable options?

Just list it. In the listing state you will do no repairs. If some one makes an offer and asks for some say no.

In general they sell for more than they should. I have never understood why but it happens.

Note that there actually is no such thing as an "as is " sale. But you can perfectly well list it with no repairs. Just use the SRPD to disclose what you know, if anything, to be wrong. Then let the buyer worry about it.

There is nothing unusual about such a sale. Happens all the time.

Auction virtually always produces a deeply discounted sale.

List it a little on the low side and the flippers will be all over it.

[lvoc]

Originally Posted by logline

Southern Nevada home prices again show strong gains | Las Vegas Review-Journal

Take all that with a grain of salt. I do not believe there has been any significant change in price since mid October. What has happened is the sale of small houses has dropped more than the sale of middle and big houses thus moving the median up market.

Price per SF numbers have been quite stable.

[Tarara Boomdea]

Originally Posted by observer53

Well, first, this is not a blog.

True - board, forum, whatever. I noted it afterwards but didn't think anyone would care Were there any errors in my spelling or grammar?

I just realized I left out homeowners, who along with landlords and RE agents, have a vested interest in promoting their point of view.

No name calling would be nice. This forum is interesting, but so one-sided.

[ddrhazy]

Most realtors prefer the prices to come down so that there are more transactions.

[lvoc]

Originally Posted by ddrhazy

Most realtors prefer the prices to come down so that there are more transactions.

Actually agents care about velocity...that is the total amount of money flowing. There is no reason why Agents would prefer higher prices unless volume stays up to. Given the existing scenario most would probably prefer more volume at a lower price.

I would personally like to see prices a little higher than now primarily so that replacement cost and resale price is in rough agreement. You get weird and unhealthy markets when homes sell for 15 or 20% less than their replacement value...which is where we are now. And that desire is more as a general citizen and homeowner rather than as an RE Agent.

[airics]

i can't believe that people are still complaining about high prices on homes... in my opinion, the homes are still cheap.... my brother in law owns a realty company in akron ohio and well as a home builder company... 250k gets you a new home there about 2000sf with more yard.. that's it.... so its pretty close.. but heck, who wants to live in cleveland/akron....

i still love it here, i only wish that i would have bought the house after i settled into the job.. i would have moved closer to my employment.. but to me, the nw is the closest thing to a suburb with green.