Answers by Mark Dietel

Hi Juan, It really depends on a lot of variables that are unique to your local market. In order to determine your home's current value, you will need a good Comparative Market Analysis done by a local Realtor. I would suggest reaching out to someone here on Fast Expert that's near your area to schedule a consultation to determine a good value range for your home. They will also be able to provide you with a breakdown of the costs involved so you can see what you could be able to walk away with. Hope this helps.

Hi Pedro, I would suggest scheduling a meeting with a good local Realtor. They will be able to walk you through all the pros and cons of doing the renovation, and be able to show you some projected numbers for selling your home as-is or renovated in your local market. Hope this helps.

Absolutely. Historically, anywhere between 5%-15% of transactions fail to get to closing. Getting your offer in now would put you in a good position in case that happens.

It's not necessarily bad to drop the price. It would have been better to be priced right from the start, but dropping the price now will get it closer to market value. And it's important to analyze all the other factors that may be keeping your home from selling. Price, Promotion, and Product are all important when selling a home. If one of those is out of line, the home is less likely to sell.

Hi Paul, The average appraisal costs about $400-$600. When scheduling the appraisal, be sure to verify their fee, their experience/knowledge of your property type, the scope of the appraisal, and which parts of the property they will need access to.