Anything in any market will sell for the right price. Get a Comparative Market Analysis done and see what the as is price for the home.
Condition is, well, old but my family has done some upgrading over the years. It's got original knotty pine paneling, old wood floors and an upgraded bathroom, but the kitchen is original and not very efficient. And there are drainage issues, as we're facing a marsh (unbuildable, luckily). Most people who could afford to buy there would see it as a tear-down, although it's quite charming to us. The value is in the land.
Anyone care to describe the current market in that area?
Pat, I'll give you a call tomorrow - thanks.
It would help to know the condition. Would love to help you determine market value. I am very familiar with Marion and have sold homes in Marion and surrounding area. Please call me direct.
Pat Waldon, GRI
Jack Conway & Co.
I would sell it as is and run with the money. You are in AZ and to over see a project like this requires time and money.
Unless you have someone you trust implicitly with a project of this nature and your money I would not even consider it.
Rehab a property is one thing. To build new is another. Your returns are proportionate to the risk and it appears theres a demand for it in its present condition.
If you were in a position to enjoy it after you rebuilt it, my answer would of been different. The one who pays the most is the end user. Good luck
Richard F. Power
J. O'Gara Reatly
Marshfield, MA 02050