When doing for sale by owner, how much should you invest in renovation?

Asked by Chris, Beaverton, OR Wed Apr 10, 2013

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Mon Jun 10, 2013
Well, it sounds like you wanted to save some money by not hiring an agent. It does not sound like you are saving any money to me.

That said: no one can truley answer that question on the web becuase we have not seen the house.
0 votes
Jennifer Pet…, Agent, Portland, OR
Thu Apr 11, 2013
I would actually recommend you have your home in tip top shape as a FSBO even more than if you are listing with a Realtor. The reason I say this is because as a FSBO, your buyer pool is much, much smaller than if you list your home. Stats show on average homes listed with Realtors get more money than FSBO's and the average amount is higher than the commissions cost. If you try on your own and you don't get multiple offers, I would hire a Realtor asap. Good luck!

Mandy Lewis
Keller Williams
0 votes
Meena Gujral, Agent, Pleasanton, CA
Wed Apr 10, 2013
Hello Chris,

In today's market where inventory is so low and the demand is so high, you should not have to do any renovation at all. At least in California (Bay Area) the demand is very high and there are multiple offers on every property. Is it a very old house or does it need a lot of work? You should try to sell it "As IS' since the buyer may want to renovate to their taste and what you do may not be to the buyer's liking.

Just wanted to give you some input on selling your home as For Sale By Owner.At our Company, we charge a set fee for our services, as opposed to the traditional 6 percent commission, which, in turn, helps you to retain a greater amount of equity while still receiving all the real estate services you expect.

Our agents are fully licensed professionals, members of the local Board of Realtors and of the National Association of Realtors®, work with both Buyers and Sellers, and provide a full range of real estate services.

Our unique marketing strategies drive a steady stream of traffic to our website and offices, which results in many buyers for our listings and many new listings. Additionally, our streamlined operations and cost efficiencies translate into low overhead and savings that we pass along to consumers with our low set fee.

Meena Gujral
0 votes
Darcy Pinto, Home Buyer, 97006
Wed Apr 10, 2013
It does not matter if you are a FSBO or not, buyers want to see an updated house. There is no magic number on how much to spend on renovation.
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Lana Lavenba…, Agent, Grants Pass, OR
Wed Apr 10, 2013
What difference will it make if you are doing a for sale by owner or have an agent sale it for you? Will that really make a difference in what you invest in doing a renovation? Or, am I misunderstanding your question.....
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Ron Thomas, Agent, Fresno, CA
Wed Apr 10, 2013
You're asking Realtors how to DIY!
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