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how much do you lose selling a house as is?

I have been renting my house in PA for the last 3 years and am ready to sell. I know it is in rough shape but I'm not sure how much money to put into it before listing. It could use new carpet and paint, there is also some wood rot on the three-seasons room. Will I make more if I fix everything first?
Asked By Alpa C. | Goshen, CT | 1278 views | Selling | Updated 3 years ago
Answers (6)
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Expert
360 Answers
Amanda Courtney

REP Realty Group

(13)

Typically 5–20% below market value, depending on condition and buyer demand.
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Rising Star
14 Answers
Jennifer Davidheiser

The Real Estate Professionals, Inc.

(122)

Hi Alpa. I always ask my clients what their priority is. If it is timing, perhaps an “as-is” sale is appropriate. If it is maximizing your profit, then doing a few repairs/upgrades may be in order. An experienced local Realtor will be able to advise you best on the current market and what to do. Best of luck!

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Rising Star
10 Answers
Santiago Valdez

Compass - Chicago - River North (Kinzie)

(73)

Hi Alpa, it depends as always. First thoughts, if you take care of the obvious defects, it will enhance your value a lot. As interest rates have increased, people have gotten picker on what they buy, places that a few months ago were selling very easily as-is now are having a hard time so there may be a difference in pricing that may not be acceptable to you. Once you discuss with your agent, you can make a game plan knowing the numbers as-is and knowing the numbers when rehabbed or cleaned up. Its not always clear cut, sometimes there is strong enough demand that going on the market sooner may help more than waiting. You need all of the data to make a good decision.
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Novice
8 Answers
Christine A. Hunter

Hunter Real Estate, LLC.

(172)

Dont ever advertise "As-is" it gives the wrong impression that there are major issues with the house. Be willing to negotiate with the inspections in the form of credits or repairs. That is the best way to get the best price. Good Luck.
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Novice
3 Answers
Briahna Savage

Keller Williams NY Realty

(23)

It’s always hard to gauge without seeing the property but for example if it cost you $2500-$5000 to bring the house up to pristine shape and it would allow you to make 2x-3x on your money would it make sense.

Have you gotten a realtor to come out and take a look? This might help make all the difference.

-Briahna Savage
Licensed Realtor NY, & PA
[email protected]
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Novice
1 Answer
Jay Cannone

William Raveis Real Estate

(20)

Do you lose money when selling a home in Fairfield County?
In Fairfield County, most homeowners don't lose money when selling—it really depends on how long you've owned the property and how much appreciation you've experienced during that time.
As a general rule of thumb, plan to deduct about 6% from your sale price to cover your selling costs. This typically includes:

Real estate commission
Conveyance taxes
Attorney fees
Other closing costs and fees

So if you've owned your home long enough to build equity through appreciation and mortgage paydown, you'll likely walk away with a profit even after accounting for these costs. The key is understanding that the 6% in selling expenses comes off the top, and anything beyond your original purchase price (plus improvements) and these costs is your gain.
The longer you've held the property in Fairfield County's strong real estate market, the more likely you are to see a healthy return on your investment.

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