Best of luck!
Regarding the work you have done - do you have all of the permits/receipts/etc.? Would be great to be have those documents in order.
I also agree with a previous response - have a few Realtors out to present CMAs for you. I'd love to be considered! Good luck to you regardless!!
Next thing to look at is what you plan on buying on the Westside of town as like your area home prices are moving upward again. How much will depend on the area so it is a good idea to look at prequalifying for a new mortgage and what this will mean for your next home. Include any and all sale proceeds you expect and if you wish to use it all towards a new home.
Last with interest rates, from what is being said we can expect to see rates stay low for a 6 to 12 month period. This can also go longer based on the Federal reserveâ€™s statement last week of holding the mortgage and government bond purchases, with additional increase in buying, until the unemployment rate is at 6.5%
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Next, I would ask if the two untouched rooms are so different from the upgraded rooms that a potential buyer would immediately determine that the house still needs work. If so, then you are detracting from the price. This would be an indication that you should do the work on the two rooms.
Finally, I would look at the neighborhoods where you would like to move and assess the current inventory of homes for sale. If there is not much for sale right now, and nothing that catches your eye, then you likely have some time to compete the upgrades and get your house ready for listing before you find the right house in your new west side neighborhood.
If you'd like another opinion of market value with the completed updates, or if you want some assistance with market activity on the west side, I would be happy to help you.
What have similar homes sold in the last 6 months? Did you go through all these numbers with
your Realtor? YOU must know all of these details....
In my view it all depends how does your home show, curb appeal, entrance door, first impression
when entering the home.... do you have estimates how much it will cost to finish the other two rooms?
If you have detailed information and you are ok with the net to seller once you have paid off your
balance to the lender, paid commission and closing costs, survey etc. etc.
And the rest of the home shows so well, that a new buyer will gladly finish the rest to their own
taste.... It really is a question of what your home is competing with, are all the other homes on
the market completely finished and are in the same price range, then you want yours finished
but how much money do you put in, would you then market it for a higher asking price...
You can ask your Realtor to look at a few competing homes with you, to get a better feel for yourself
and yes make sure it is not just listing for the purpose of listing, but listing for the purpose of getting
it sold, you do not and probably can not go through several price reductions if you do not get
Good luck to you.
Hope this helps...
Most Sincerely yours,
Edith YourRealtor4Life and your Chicago and Northern Illinois
and RElocation Expert
Working always in the very BEST interest of her clients
at @Properties North Shore
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