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How much do you LOSE Selling a Home “As-Is”: Pros u0026 Cons, plus the Simple SECRET to Top Dollar.

Jade Lee-Duffy l Poway - San Diego Real Estate 124 views

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My neighbor first try to sell as is , didn’t see one car at the open house I’m guessing the real state talked her into renovating everything and she did The asking price doubled but the house is still worth in the market for 3 months 🤷🏻‍♀️
Comment from : @Blueisntmycolor

Great video!
Comment from : @patience1226

I’m trying to sell my moms house but the agent I have is selling it for less than what it’s worth Any suggestions?
Comment from : @chrisbrews1980

Just paint neutral colours Kerb appeal: paint exterior and tidy yard Fill any chips/cracks in interior walls
Comment from : @jessbarnes8521

Location is key It’s easier to sell a slightly outdated house with great bones and good condition when it’s in a neighborhood that’s been in high demand For example, if your neighborhood is in high demand because it has much bigger yards than the homes in surrounding neighborhoods… Also, people would rather pick out their granite, backsplash and appliances anyways
Comment from : @homeloveeverything2932

Just sell a house in "as is" condition There isn't a single house out there that's perfect I'm not gonna be nickled and dimed to death in fixing the little things The new buyer can make those changes - that's what makes a home special and wonderful I've told some potential buyers to "get lost" when they tried low-balling my properties In the long run, a solid home will always be a solid home despite little issues
Comment from : @michaelsmith9078

All homes are sold as is
Comment from : @sandysimmer1279

I get it that homes are sold as-is, but I wouldn;t put it in the description Every single house I have looked at as-is, and made offers on (2), during inspection found crazy issues - foundational problems, asbestos, all major red flags I never go to an opening listed 'As-is' anymore
Comment from : @inesferre

In the early 1990s, when I purchased my first residence in Miami, mortgage rates were commonly in the 8-10 range Today’s market participants must recognize that the historically low rates of 3 may not return If sellers are compelled to list their properties, market dynamics will likely drive prices downward, leading to reduced valuations—this is a sentiment that many in the industry share
Comment from : @MargaretWest-m8u

I am over real estate folks telling you to spend money to fix up the house or stage it Of course most of the time it is for the agent to make more money in the long run The bottom line is: get the comparisons of local sales and make your decision as to what to sell it for I have over 55 newer fruiting trees and the agent said, it does not fit into the equation Oh really? I know for a fact that someone will , key word someone, will want a property with fruit trees My selling price will be based on the valuations of most recent and past home sales In my case, the home was paid in cash and it was cheap and now the area has been growing leaps and bounds I recently saw a property for a listing price of 120k and my offer was 50k I worked my way up to 70 k and it is final House and 6 acres for my next investment Live there for a few years and reap the tax benefits as i have with the current one BE SMART and take the information from agents with a grain of salt Not implying your one of those people I enjoyed your vid
Comment from : @wheellifecycling

Seller didn't disclose ALL the things wrong with the home when I bought it, now I am dealing with mice issues Buy a new build and keep it moving
Comment from : @Traveling-East2

My wife and i are in our 60s and we don’t have a ton of money to spend Our AC system we had replaced in 2022 and a new roof in 2021 Will paint the house and do basic repairs but that’s it The house around the corner sold for $207,000 and the vinyl flooring was torn up and had bad carpet in all the bedrooms We couldn’t believe it sold for that much It was 30 years old like our house
Comment from : @ArmyOne519

My house is in North Las vegas and builded 2022 and closed in October 2022
Comment from : @robertlee810

Flippers and investors will deduct more than repairs But buyers looking for a bargain might bite
Comment from : @lawrencelittle4827

thank you for pointing out at the beginning that all property sales in California are “as is” I’m a broker and I’m constantly having this discussion
Comment from : @chasmader

great video! thank you This was very helpful
Comment from : @stephenlepore4476

I am in this situation My house needs repairs but I dont have the cash to pay for them The roof is good, it has newer windows, newer large deck, newer front entrance, 3 sets of new patio doorsFurnace needs repair, radon motor died, needs new water heater, & well water fixed, new paint Septic is good Old kitchen & bathrooms Wonderful quiet & private cul du sac blue ribbon school location I would gladly do repairs but heath reasons got me financially 😢
Comment from : @RG-hf4et

Watch out for older homes updated with Cheap materialsit will not last
Comment from : @jacquelinefroehle5868

I know someone who wants to sell and is unable update The home is in a master planned community with mature trees and PLENTY of neighborhood amenities (gyms, amphitheater, trails, elegant clubhouse, tennis courts, horse stables, lakes throughout) It is considered THE neighborhood to live, in the area of town it’s in, considered prestigious to be able to say you live there The home is in what is considered one of the more desirable subsections due to huge mature trees, size of the lots and size of the rooms, plus a pocket park The home is 26 yrs old and beautiful, in a cul de sac, on a corner I What’s wrong with it? Broken garage door opener, broken pump in the mini pond in the backyard, outdated 80’s wallpaper but in good condition, outdated original kitchen appliances but work fine, some plantation shutters have broken slats (can’t tell when open, but don’t close well) Small area of water damage to wood floor in the study (there may be something going on inside the wall) Mismatched carpet upstairs (new carpet a year ago in master, stairs and catwalk / never got around to upstairs bedrooms) A bathroom door that won’t close, but a foundation inspection was done and foundation is fine) Would you list this As-Is or no? I should add, homes in the section in great condition and with upgrades, are selling for $250K - $400K more than what they were purchased for…and more than that for those that built in the beginning
Comment from : @kimberlywilliamsplummer8572

Very informative thank you
Comment from : @cartoonmark75

Why would you expect to spend a dollar on your home, and expect to charge the buyer more than $1 for it? May be you can if you DIY (and DIY well,and don't count your time in the deal) brBut would that work if you are just paying someone to do it? Would you expect that to work in other situations? Can I buy clothes (my choice of clothes) and expect to sell them to you for more than I paid for them?
Comment from : @davepullin8572

I see people move in a completely remodeled home and rip it all out and redo it “As Is” for me Plus I don’t have tens of thousands of dollars to spend on it We have made improvements throughout the years but we like styles from years ago and dislike the sterile unlived in look that young people tend to like
Comment from : @Sheila2024-x8w

We just sold one in a Chicago suburb, As Is We had a bidding war and got about 30k over the asking price
Comment from : @jacquelinefroehle3583

If a buyer wants a new house I’ll send him down the road to one that costs 250K more
Comment from : @Gzluweez

last month i had a cash buyer low balling me $20k on a $183 listed, his agent talked him up to low ball me $10k i went directly to my lowest $180 and he wouldnt come past $178 and his agent accused me of "not playing" no its MY game he complemented me on my taste when they were here after the allotted time and i came home, but wanted it for cheap There are other units for lower price and he didnt buy any now i have someone who is renting a unit down the block, he has to get out bc its being sold and made an offer $180, i agreed to give a painting and wants things grandfathered in replaced he is paying $120 cash and mortgaging $60k and somehow i got stuck paying his commission of $4500 i got rolled by my agent, which is pretty crappy and im not having it ill keep the painting in exchange for 1 safety repair that i cant get an estimate on
Comment from : @lovly2cu725

I just sold my home as in 2023 as is truth is you will never know Before you sell your house pick a price you want, if they think you are under distress money wise they will try to lowball thankful I wasn't Stick to your price sold my house in 1 showing took 1 month start to handing over keys Real estate agents are in it to make money don't let them scam you with BS it is not Rocket science
Comment from : @TomWakeman-ul7om

All houses are sold As Is
Comment from : @historicaltvvideos8971

Just fix the stuff you need to for safety and livability: good roof, good foundation, HVAC working, plumbing and electrical working Skip the cosmetics that are subjective, BUT make sure everything is CLEAN I would rather buy a house that is outdated than pay for some flipper's idea of what sells I've seen a lot of houses that had bad 'updated' features with jacked up prices AND I've seen a lot that needed work that ALSO had jacked up prices
Comment from : @hotpuppy1

Would 'as is' mean you are selling it with with major repairs (roof,) for example, disclosed or undiscovered by seller or buyer This could never end! As is should be defined
Comment from : @sunlite9759

Thanks for the informative video I'm going to have my realtor advertise "As Is", no FHA or government loans of any types simply because in our current situation ( serious health issues) we can't I know I have a custom built home from 1929 with tremendous charm and 90 percent original architecture, new furnace etc I've been told by many realtors its a very special home, I may not make top dollar but I certainly won't give it away
Comment from : @danacaro-herman3530

Can you tell me how much my home is worth?
Comment from : @MRTWOPPY

Top notch infothanks much
Comment from : @GregAndler

If you cant make repairs for any reason, would it be better to give credit for repairs?
Comment from : @josegiron3191

Hi Jade, Thanks for a GREAT Video!!! One more reason to try to sell quickly, to get the new place you want and not have to buy on contingency, since that is not a strong offer Just trying to help 😊
Comment from : @abbibrannan333

My furnishings
Comment from : @patriciamorgan2278

The market value is the value You accept or reject their offer Stuff is worth what it's worth Same with houses
Comment from : @JessicaT-qp9uv

Once you begin doing repairs you will discover all kinds of problems you couldn't have foreseen There is a lot of rotten stuff behind those walls and under the old toilet etc What might be a $50,00000 repair estimate can quickly turn into $100,000 or more Any house that's more than 50-60 years old is a huge money trap if you are not careful I'd rather sell "As is" than start doing major renovations Clean Granny up and let her go! She can't be turned back into a beauty queen without replacing everything Finally, how do you think a new kitchen will look if the rest of the house isn't up to the same standards of quality and look? Make sure there are enough workers to do the job as well
Comment from : @johnhoude1340

Upgrades or rehab should not come out of my pocket Repairs i can see Those are personal preferences that i shd not have to pay for
Comment from : @ramonalee2368

Big difference between upgrades and repairs You will almost never get back the money that you spend on upgrades before selling But needed repairs will drive down the value of your home and what it will sell for Do all needed repairs If the buyer wants something replaced just because it is old - tell them to pound sand That assumes that it is in working condition Offer to buy them a home warranty for a year if they continue to whine
Comment from : @chiplangowski3298

I don’t take any advice from a realtor, they are all about making money and will push you to buy or sell quickly And they all see things differently-do this, don’t bother changing those lights or faucets, etc brAnd if you are selling they want everything to be in perfect condition
Comment from : @AnnM223

I always sell as is at full price, if you want it pay the price or buzz off, With demand here there is no need to negotiate
Comment from : @Obamaistoast2012

If the kitchen has old cabinets, how much should you spend to upgrade? Will you get your investment back when you sell?
Comment from : @gordonsteen8415

@jade Lee-Duffy Just a quick comment on the professional made video Good job less than 1k subs and you already know how
Comment from : @marriedmixed

Very informative Subscribed
Comment from : @blairbrownie1223

There are several exceptions to the general rule of course One would be an older home on a unique and valuable lot (lakefront, etc), the desirability of the location would hold most of the value here, so less adverse impact of marketing "as is" Also, many buyers plan extensive re-models regardless of condition (they of course won't tell the seller this because they would lose the negotiation leverage), so sometimes it pays to stick close to your price with "as is", at least in the beginning anyway
Comment from : @WhiteWizard44

Very sweet
Comment from : @AChavez-p5k

Verygood
Comment from : @AChavez-p5k

What if you don't listen as is but you know there's some issues that should be fixed
Comment from : @robbizoi

I have never had a hard time getting an as-is house to sell
Comment from : @mikiewifnoe360

So why even label “As Is”? 😊 Just market the house in whatever condition it’s in, like “gently used” furniture lol Shoppers know what’s a fair price Whether labeled “As Is” or not, it is the buyer’s responsibility to do the fine-tooth-combed professional home inspection Cheers!
Comment from : @Shakashack2022

Excellent information Jade Thank you🌴🏖
Comment from : @Chutney1luv

Let's say your house needs $10K of repairs So you accept an offer that is 10K less than an appraisal The alternative is to spend the 10K in repairs prior to listing Since repairs have paybacks of less than 50 percent, I'm in favor of the as is approach
Comment from : @duanejahn2368

Thanks Jade 😊
Comment from : @KINGSNCROWNS

If you can do the work yourself it might be worth it - otherwise it is an opportunity lost
Comment from : @globalfamily8172

Thanks for information Trying to sell my house Needs kitchen update but very sound home Have had potential buyers but no offers My biggest problem is my neighbor and his junk
Comment from : @tammysanders9924

If my house is very dated but everything is in good working order do you have to sell as is?
Comment from : @rudfil

Don’t forget selling at top dollars means paying top dollar in taxes as well
Comment from : @sct4040

This woman is sensational! Thank you again for the incredible effort and energy; not to mention the invaluable informationbrbrInfinite love and gratitude from Colorado!
Comment from : @JeremyHolmes

Some Buyers think that a working yet older HVAC system is reason to ask for a new unit or credit at closing That would be considered an upgrade, not a repair That's void of logic to replace a working unit, despite its age Advertise "everything is working, but selling AS IS"
Comment from : @steveolive9991