Having newly refinished hardwood could increase the demand and value of your property. There are a few factors that go into the thought process; price range of the neighborhood, current condition of the property as a whole, cost to refinish, etc. Long story short, it can be worth it depending on the property. Sometimes you are better off leaving it for the buyers to customize themselves.
I'd be happy to do a market analysis on your property to give you an idea of what the value would be pre and post refinishing in today's market.
The only experience I have in buying something like this was an all cash purchase. It sounds like the only way this property is selling to anyone is if a cash buyer shows up.
I think the best thing your agent can do is to let the seller's side know you're walking away if they refuse to do what's necessary to sell this home. Maybe they really can't afford to fix these things but maybe they also need to be expressly informed that there's next to no chance of selling this property without doing those things.
Paying to hook up the electricity that has been shut off is not an entirely unreasonable thing for a potential buyer to do but replacing major system components would be a stupid thing for a buyer to do and an unreasonable request from the seller.... more
I bought a Fannie Mae... Bank wanted 115...realtor said its not worth it...I offered 105...I qualified.. All my paperwork in order but appraisal came back @ 97. Realtor thought bank wouldn't go that low....guess what?? I bought it for 97)! Now 4 YRS later its worth 175....go for it! Try!!!... more