Home Selling in 35216>Question Details

ahooda, Home Seller in Birmingham, AL

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Asked by ahooda, Birmingham, AL Sun Dec 23, 2012

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Hi Andy,

Sounds like you are doing some great things to update your mother-in-laws house! I would suggest comparing the price of carpet versus hardwoods to see the difference in cost before making a decision. I have a great hardwood floor guy who is inexpensive and does a wonderful job. Hardwoods are more appealing to buyers than carpet in my opinion!

If you would like comps for recent sales I would be happy to send those to you. My email is asanders@redhillsllc.com

Thanks!
Allison Sanders
Red Hills Realty
0 votes Reply Flag Link Thu Dec 27, 2012
Just a few pointers. Be careful what you say and not give out too much information. There are some crooked folks out there and you just gave address and allthe fixings that come with it. What is a competetive commission in your words and why would you want to sell for that much less than what the comps are selling for? Are their major issues to make you want to do that?

Your call on the carpet/hardwoods. Shouldn't be too much of a difference going one way or the other.

As for the roof, have a roof guy come out and have a look. If it needs to be replaced, replace it. Whomever buys it is going to have a home inspection and they will catch this and have you replace it anyways. Worse yet, the potential buyers will get scared and bolt.
0 votes 2 Replies Flag Link Sun Dec 23, 2012
Fyi- I am doing this as a favor to her, to get her a little more than if the repairs were not completed. I have multiple businesses that need my time, and I cannot spend too much time on the house.

Looking for a 4% Commission (Includes buyer/seller if applicable). Should be a quick sale.

Thanks,
Andy
Flag Sun Dec 23, 2012
My mother in law is still in the property. I was discounting the property for a quick sale. I am putting in funds to fix the property to try to get it sold fast with little to no return for me. With all the needed repairs, only investors would be interested. I would like to sell the home to a possible first time home buyer as this is a good starter home. After making these repairs, anyone would be able to buy that is trying to get a mortgage on the property. I cannot wait 6-12 months to sell the home.

Thank you for all your input.
Andy
Flag Sun Dec 23, 2012
My husband and I own Thrasher Home Builders Construction Company for 25 years and also flipped properties. I will be glad to have him look at your property before you put more money into it, Being a Realtor and Top Producer for Keller Williams - Trussville Office 2011, I am very educated at what the market will pay for your property.

Email me or call me, whichever is easier for you. I wiill be glad to meet you and help you with the sell of your home.
sells@gmail.com


Best Regards,

Jean Thrasher
Top Producer 2011
Keller Williams - Trussville
223-5570
jthrasher
0 votes Reply Flag Link Sun Dec 23, 2012
Hi Andy. My team has worked with several rehab investors. Would love the opportunity to work with you to sell your property. Many buyers are looking for move in ready homes in that price range. We have awesome suggestions that can help you sell quickly.

Please feel free to contact me at 205-514-5177 or email me at jefreda@russellrealtyandassociates.com.
0 votes Reply Flag Link Sun Dec 23, 2012
Hi ahooda,

We have a 5 step plan to get your home sold and one step of the plan is preparation. We send a staging professional to your home and they can help you pick out paint colors, fixtures etc. This will help you make the best choices for items that the current homebuyer is looking for.

As far as your question about hardwoods/carpet in my opinion it depends on what your sold comps had and what your competition has so I would not be able to make a recommendation without further research.

I would install a new roof and have a few referrals of companies that will not take you to the cleaners. Current lending guidelines do not like allowances for anything so best option is to go ahead and replace.

If you would like to learn more about the rest of our 5 Point Plan then give us a call!

Gusty Gulas
RealtySouth
100 Homes Sold in 2012-#1 Team in 2012 at RealtySouth
205-218-7560
ggulas@RealtySouth.com
0 votes Reply Flag Link Sun Dec 23, 2012
Good Morning. To answer your questions, probably in your price range and assuming the existing hardwoods are in good shape, I would suggest finishing the hallway and bedrooms with carpet. Assumiing the roof needs to be replaced you definitely want to put on a new roof, it is difficult to do any kind of allowance with the current mortgage regulations. Good luck with your project and please contact me directly if you have any other questions.
0 votes Reply Flag Link Sun Dec 23, 2012
Andy,

With the housing market turning this year, buyers are very willing to bid higher on nicely finished homes. So, if you have everything fixed, including new hardwood floor, you'll get higher bids without having to raise your asking price.

Of course, you should still have a local Realtor visit the property to give you an assessment. That's the only way to give you a valid set of recommendations.
Web Reference: http://www.archershomes.com
0 votes Reply Flag Link Sun Dec 23, 2012
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