how much do you lose selling a house as is?

Typically 5–20% below market value, depending on condition and buyer demand.

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!

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.

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]

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.

Selling a house "as is" does not necessarily lower the price. There are a lot of contractors and investors and buyers looking to fix up a home themselves or flip. It's imperative that the home is priced to fair market value. In our area, where inventory is low and buyer demand is high, even a home in rough shape can sell and with multiple offers. Price the home at fair market value and more then one buyer will see value and if you are able to get multiple offers, then the price will organically go up to a price higher than had you listed there in the first place.