Home Selling in 75206>Question Details

MStreets, Both Buyer and Seller in Dallas, TX

Remodel before selling? Purchased M Streets home in July 2013, and need to move late winter 2014/spring 2015.

Asked by MStreets, Dallas, TX Fri Feb 7, 2014

My husband and I purchased our home in the M Streets/Greenland Hills only 6 months ago, and now his company is going to relocate us out of state in 12 months. We had planned to do some remodeling projects for our own enjoyment: update fireplace surround; add crown molding in kitchen; redo master bathroom; change kitchen floors from tile to hardwoods. However, this was on the assumption that we would be living in the house 3-4 years and be there to enjoy the updates. We have already made superficial improvements such as better decorating which will help with staging, new recessed lighting, repainting, and changing tacky light fixtures.

If we need to sell in the next 12 months, considering we will only have been in the house 18 months and the market hasn't gone up much (if at all) and we have a 30-year mortgage so we have been paying mostly interest so far, what should we do?

Remodel to hope for a higher selling price, or sell as-is, presumably at the same price we bought it? Thanks!

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Answers

6
Good afternoon, this is my neighborhood. Are you still looking to sell because I would be happy to help you. The average listing time right now in M streets is only 20 days and the market's main focus in strictly on price per square foot. Your home will be advertised to other Realtors with at LEAST 3% commission, so expect to pay at least that much on the listing. Then the listing agent will not usually want to work for free and generally will also ask for 3%, but this is also negotiable. I would be happy to discount the commission for you if you agree to buy your next home with me. Lets talk when your ready contact me anytime!
0 votes Thank Flag Link Thu Jul 10, 2014
Is your husband's company offering relocation benefits? In some cases, companies will offer relocation incentives to assist sellers in the sale of their home, particularly when they are likely to take a financial loss as a result of an unexpected sale.

While the M-Streets is consistently a hot area, most remodeling projects won't necessarily result in that much higher of a net for the seller. Keeping your house in good repair, and minor cosmetic touches, as well as staging will help.

But do check on relo benefits. In many cases, a relo company will absorb closing costs and broker commissions to ensure the highest possible net for the seller.

If you have any questions, please give me a call. We frequently work with relo buyers and sellers.

Vince Leibowitz
Nathan Grace Real Estate
972-876-6175
Vince@nathan-grace.com
0 votes Thank Flag Link Sat Mar 1, 2014
You don't want to overdo your remodeling as you won't get all your money back. You'll just be able to sell your home sooner if you remodel and get part of your money back.

What is your goal with your current home? Let me know how I can further assist you. I have a client looking into purchasing in M Streets in about a month or two.


Susie Kay, RealtorĀ®
GRI, CHMS, SFR
Residential/Commercial/Investment
English-Indonesian-Hokkien
------------------------------------------------------------------
United Real Estate
III Lincoln Centre, 5430 LBJ Freeway #280
Dallas, TX 78240
469-371-2899
susie_k@att.net

http://www.dfwdreamhomes.net

Servicing your real estate need is my priority!
0 votes Thank Flag Link Fri Feb 7, 2014
You don't want to overdo your remodeling as you won't get all your money back. You'll just be able to sell your home sooner if you remodel and get part of your money back.

What is your goal with your current home? Let me know how I can further assist you. I have a client looking into purchasing in M Streets in about a month or two.


Susie Kay, RealtorĀ®
GRI, CHMS, SFR
Residential/Commercial/Investment
English-Indonesian-Hokkien
------------------------------------------------------------------
United Real Estate
III Lincoln Centre, 5430 LBJ Freeway #280
Dallas, TX 78240
469-371-2899
susie_k@att.net

http://www.dfwdreamhomes.net

Servicing your real estate need is my priority!
0 votes Thank Flag Link Fri Feb 7, 2014
PS:
NOTE: Trulia currently has a tech issues posts/comments are currently shown as run on statements from professionals
0 votes Thank Flag Link Fri Feb 7, 2014
I have lived in M street area, have friends, and clients in the area. M street homes have had an increase in market value HOWEVER would have be careful not to remodel with at least recovering some of your expense.

I do work with clients on consultant bases to assist with all questions you have for future resale. If the home is listed using my real estate services we rebate the consultant fees.

Allow my professional profile to introduce myself to you
http://www.lynn911.com/Web/AR287090/About/index/5002763

Contact my office today where I can show you many amazing homes work with your family specifications.
_________________________________________
Lynn911 Dallas Realtor & Consultant
Multimillion Dollar Sales Producer
972-699-9111
http://www.lynn911.com 100's of Dallas homes listed for sale or lease

Follow me on Facebook and Twitter
http://www.facebook.com/lynn911dallas
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(If my answer is helpful indicate by THUMBS UP or BEST ANSWER. Thank you )
0 votes Thank Flag Link Fri Feb 7, 2014
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