That is why it is not in the seller's best interests to accept an offer before it goes on the market (gasp!) or after one or two days. The more people have a chance to offer, the higher the price would be in a low-inventory market like this.
For your specific situation, it depends upon the kind of deferred maintenance and what you do to mitigate buyer's concerns about it. Call me and we can discuss ways to assuage their concerns without having to do the work; and perhaps, what work would be recommended that has a big return on your investment and might be worthwhile to do.
The best way to set a realastic estate price is to have a Realtor that specializes in the area look at the property and the adjoining lot. You want someone who has a thorough understanding of the area and surrounding neighborhood. I can put together a detailed market analysis of property with relevant comparable properties similar in size, location and condition. I can also determine what an "as-is" price might be in the properties current condition, as well as provide suggestions for the deferred maintenance and an updated price for the estate.
Let me know if you would like a complimentary valuation of your property. My office is right in downtown Lafayette.
Pacific Union International - Lafayette
You should contact a Realtor who specializes in Lafayette and knows the area and market well here. Most would be happy to provide a free Comparative Market Analysis (CMA) that will look at comparable properties and provide a good estimated price. The market is improving, with values currently going up in Lafayette, and the current supply and demand is also an important factor.
As a Broker Associate with J. Rockcliff, Realtors in Lafayette, I would be happy to help you quickly pinpoint the right market price, without further obligation. I regularly do such valuations, even for people who are just curious on how their home value has changed, so please don't hesitate to contact me. Troy Feddersen, 925-550-2353
Best of luck,