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I am getting a listing today and have been talking to the owners about doing a little work on it first. It is the typical rental, not too pristine white walls with nail holes, older kitchen cabinets, etc. It is completely empty. I offered to get some 'oops' paint and paint and clean it up myself and bring over some of my 'stage' furniture. They said they do not want to invest any money in it. They are willing to price low to get it sold but I still feel a little bit of work that I could do myself (not much else going on this week) will go a long way to moving it.
I don't know what they are thinking, I offered to lay out the cost myself. It would only be some paint. I also offered some leftover tiles from one of my other houses and a wet saw to do over the kitchen counters.
Forgive me but you are a Realtor not a handyman, I understand you wanting to sell the listing and in my opinion that is exactly what you should be thinking about. Just price it right, in this market a "fixer-upper" will move quickly. Work on your next listing or sale...
Why don't you describe the listing, (be brief price, location, price, single or multi) maybe one of us would be interested.
Real estate is about price, location & condition. Are the comps a better value?
They would be right around the comps. The thing is, it is a townhome development and an investor bought ten of them and they all went in foreclosure last year. These places were selling for 100,000 + a few years ago and are now down to 45-55,000. Most have not been updated and are a mess. I just want a good product to show.
Forgive me but you are a Realtor not a handyman, I understand you wanting to sell the listing and in my opinion that is exactly what you should be thinking about. Just price it right, in this market a "fixer-upper" will move quickly. Work on your next listing or sale...
Why don't you describe the listing, (be brief price, location, price, single or multi) maybe one of us would be interested.
good luck
Well, sometimes you have to do a little more than the 'other guy' who winds up with an expired listing. I just think it has a great chance of selling quickly since the mortgage would be less than what the others are renting out for.
It is a 2/2.5 two story townhome in Conyers, Georgia. Price will be about 60K.
Location: Mokelumne Hill, CA & El Pescadero, BCS MX.
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I tell my agents that their time as a professional is spent doing what real estate professionals are supposed to do, and that isn't painting/handyman stuff.
That being said, my first transaction in 1979 the water line broke the day before closing between the meter and the house and I dug it up and repaired it. That may be why I think it's not professional to do that kind of thing.
I tell my agents that their time as a professional is spent doing what real estate professionals are supposed to do, and that isn't painting/handyman stuff.
That being said, my first transaction in 1979 the water line broke the day before closing between the meter and the house and I dug it up and repaired it. That may be why I think it's not professional to do that kind of thing.
I appreciate the advice but I just think the little extra will make a huge difference. That, and the fact that she has two more townhomes (that ARE updated) that she wants to sell after this one is gone. Then, she wants to sell her main house and move up to a 450K one. See where I am going?
Besides, I wouldn't do this for just anyone but a little work on my part will not kill me. Besides, I think it will get me a bunch of business from the surrounding area.
If you've told her that you are willing to do and and not pass along the cost to her and she doesn't want it done, there doesn't seem to be much point. I agree with you that it would probably help, and, like you, I see no problem with an agent being willing to roll up their sleeves and pitch in sometimes to get stuff done (particularly for older clients, out of town clients, and clients with disabilities) -- all within reason of course.
Have you been totally direct in the way you have put it? Have you said, "I think some small touch-ups will improve the chances of selling for a reasonable price and I'm willing to do them for you and not pass along the cost"? If so and they said "no" then I think your best bet is just to price it the way they want. If it sits on the market for a few weeks, you can revisit the issue.
Also, while I wouldn't be overly concerned about anyone painting, DIY tiling is harder and if it's not done well is more likely to turn people off than if it hadn't been tiled in the first place. Do you really have the skills to pull this off in a way that looks professional and enchances the value of the property?
If you've told her that you are willing to do and and not pass along the cost to her and she doesn't want it done, there doesn't seem to be much point. I agree with you that it would probably help, and, like you, I see no problem with an agent being willing to roll up their sleeves and pitch in sometimes to get stuff done (particularly for older clients, out of town clients, and clients with disabilities) -- all within reason of course.
Have you been totally direct in the way you have put it? Have you said, "I think some small touch-ups will improve the chances of selling for a reasonable price and I'm willing to do them for you and not pass along the cost"? If so and they said "no" then I think your best bet is just to price it the way they want. If it sits on the market for a few weeks, you can revisit the issue.
Also, while I wouldn't be overly concerned about anyone painting, DIY tiling is harder and if it's not done well is more likely to turn people off than if it hadn't been tiled in the first place. Do you really have the skills to pull this off in a way that looks professional and enchances the value of the property?
No, but my husband does. We have been 'rehabbers' more years than I care to remember sometimes. And it's a very small amount of counter space. Right now, it is blue whatever that fake stuff is called.
We talked about doing it together when we went over there this weekend (seller and I), maybe I just need to sit back down with the her and talk. She has been at work so something is probably getting lost in email translation between us.
If there are that many on the market, some in better condition, do you really think your efforts and expenditures will get it sold before them? I ask this because I have a condo listing in a complex that is just receiving no traffic whatsoever. It has new carpeting, paint, etc. but it still doesn't bring it up to the level of some of the other units, none of which have sold in over a year.
I'd hate to see you put that time, effort and money into something that won't reap benefits for you or your Seller.
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