This is dependent on your market.
We had a whole bunch of deferred maintenance when we sold in 2023. Our market is bananas and it didn't matter. In fact, after a wildly wet winter, the house had 2 inches of water under it and needed deep french drains installed which would cost big bucks. Our realtor advised against doing anything, so I'd ask around what your market thinks about it.
Buyers didn't care. Affluent school district and we had more than 250 people come through open house one weekend and 16 offers above asking on Monday. We took the highest one, which was cash and were out in 30 days. We disclosed everything, but we live in an area with an intense housing shortage and lots of international money.
I'm glad we didn't spend one dime on anything because it wouldn't have mattered in the end.
We had a whole bunch of deferred maintenance when we sold in 2023. Our market is bananas and it didn't matter. In fact, after a wildly wet winter, the house had 2 inches of water under it and needed deep french drains installed which would cost big bucks. Our realtor advised against doing anything, so I'd ask around what your market thinks about it.
Buyers didn't care. Affluent school district and we had more than 250 people come through open house one weekend and 16 offers above asking on Monday. We took the highest one, which was cash and were out in 30 days. We disclosed everything, but we live in an area with an intense housing shortage and lots of international money.
I'm glad we didn't spend one dime on anything because it wouldn't have mattered in the end.
Statistics: Posted by mrsbetsy — Sun Feb 02, 2025 10:41 pm — Replies 16 — Views 1447