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From your numbers it sounds like you are going to take a loss anyway you go. Could you keep it and use it as a rental?
Nope. She already purchased another home - a foreclosure. That's what happened to all the furniture. (It appears that she borrowed money from family, or whomever, to pay cash for it, and needs to pay it back quickly.)
Why don't you offer in your listing or for a short time a closing cost credit for "repairs"??
This might help the future buyer.
I did that in the initial listing and buyers were not receptive to it. The house was listed at $225 with $4k carpet and paint credit. The agent was getting feedback price was to high for condition so she suggested $219 with no credit.
Talked with my real estate agent neighbor about empty versus staged houses. He's been making his living at this for forty some years and is pretty low key.
According to him, an empty townhouse means a bargain to most buyers. The owners have moved on, maybe have two mortgages... etc. and are likely anxious to sell rather than continuing to pay the mortgage and HOA fees while it sits empty.
He says staged homes sell faster because buyers fall in love with the dream of the lifestyle the furniture and accessories create.
But as long as the home is clean and uncluttered, sellers don't necessarily need to go to all that trouble, just some decent furniture to give people a feel for the place.
An empty townhouse that needs painting and new carpet where the homeowners have to do their own yard work -- your buyers will be looking for a bargain.
As others have said, it all comes down to price and condition.
And to the poster who said they haven't seen new oak flooring in years - what do you think finished on site hardwood is 95% of the time?
I built a brand new house 3 years ago in another state. Oak hardwoods weren't even an option! Nothing oak was an option. They couldn't give it away! And these weren't expensive homes at all. Where I am now, oak doesn't sell either except to senior citizens who are stuck in the 80's like my dad....well he's stuck in the 70's.
I built a brand new house 3 years ago in another state. Oak hardwoods weren't even an option! Nothing oak was an option. They couldn't give it away! And these weren't expensive homes at all. Where I am now, oak doesn't sell either except to senior citizens who are stuck in the 80's like my dad....well he's stuck in the 70's.
No idea where you live. But I was in home depot last night. Checked out the hardwood floor aisle which was mostly oak options and checked out the cabinets, which also had a display of oak.
Talked with my real estate agent neighbor about empty versus staged houses. He's been making his living at this for forty some years and is pretty low key.
According to him, an empty townhouse means a bargain to most buyers. The owners have moved on, maybe have two mortgages... etc. and are likely anxious to sell rather than continuing to pay the mortgage and HOA fees while it sits empty.
He says staged homes sell faster because buyers fall in love with the dream of the lifestyle the furniture and accessories create.
But as long as the home is clean and uncluttered, sellers don't necessarily need to go to all that trouble, just some decent furniture to give people a feel for the place.
An empty townhouse that needs painting and new carpet where the homeowners have to do their own yard work -- your buyers will be looking for a bargain.
As others have said, it all comes down to price and condition.
All townhouses in this area have do it yourself yard work. The only way to avoid that would be a condo or apartment.
The house is uncluttered. It is empty except for cleaning and paint supplies.
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Closing cost credit to buyer at closing???
