Trying to Sell Property in Las Vegas. What will be the best offer Money Back or Improvements?
Is a 1.5 Acres Horse Property, Sub-Dividable with a 3600 sqt ft Custom Home. Appraised for $1,250,000 on July 15. In the market for $1,139,000. I was thinking to offer a new Pool, or additional 3 car Garage or money back.
Related posts:
- What do people do when They cant sell a property purchased with hard money? Was just wondering, with all the economy mess today and slow sellers market, how do people really profit from hard money loans, when the property has to be sold in...
- What should we do with our house? Sell and pay off debt? or rent and build money/equity? We’re moving and considering our options on what to do. We have a total of about 30K in debts from a student loan, a home equity loan, and an auto...
- Made an offer on a short sale home,but now its not listed,Possibly Sold? My parents made an offer on a home around 20 days ago, offer expires in 25 days Agent ,who also is the listing agent,told us we would have to wait...
- What happens if 2 owners can’t agree on the selling price for property My husband owns 1/2 and his brother and sister-in-law own 1/2 a house together (their dad’s house – inherited). The problem is my husband and his brother can’t agree on...
- Does a repossessed property sell at a cheaper price than a normal one although there is nothing wrong with it? I would like to buy a (private) property that is a reposession, marketed by an estate agent. I assume the seller in this case is the bank? Would they accept...
Tags: Improvements, New Pool, Sqt
sell property | , 29 Jun 10
By Casie, July 2, 2010 @ 11:41 am
Don’t add something that’s never been there. You don’t get that back out of the market. You can pay $40k for a pool and only get about $10-20 out of the market for it.
Update the house, fix any problems, new exterior siding, fresh paint, new flooring, new cabinets/countertops, new tub/showers, little stuff on the inside/outside is worth more when trying to sell than extras.
If it’s sub-dividable, then the next buyer(s) may not want a pool or larger garage because they are going to build their own homes around it and it might cause problem with development.
By Terry S, July 5, 2010 @ 2:04 pm
Forget adding anything.
You won’t get you money back.
I would figure out my bottom line, and list it at that.
Lower the price, don’t offer money back.
Why?
People will respond better to a lower price.
At 1,139,000. I would reduce it to 999,000.
Why?
People think in terms of round numbers 750-1,000,000, 1,000,000-1,125,000 Etc
Hope this helps.
Terry S.