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The alternative is to do the necessary minimum in fixups and to price the property cheaper.

My theory is that there is a significant slice of the buying market that would prefer a cheaper price and an opportunity to put their own sweat equity into the property. They also get to customize their new home the way THEY prefer.

That SEEMS like it ought to have an appeal.


You would think this would be the case, but it is only so for those who allow their brain to make their real estate decisions rather than their hearts or fears. A seller will pay much more to "allow" a buyer to make their own remodeling decisions than just doing it themselves. If as a seller you are going to take the buyer do it yourself approach, make sure to have lots of bids on hand to have the job done. Otherwise, out of fear and uncertainty, the buyer will come up with a repair number in their head that is much larger. And justifiably, they deserve a premium for acting as the general contractor to get things done. I am dealing with this now on two fronts, and it is a royal PITA to even get people to give bids, never mind show up and do good work.

It's little wonder why I do so much of my home repair myself.

IP
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