Skip to main content

Not sure if we should repair house or not, looking to sell within 12 months.

So we bought a starter house in 2015 for 188k? Anyway that's what the Zillow was at the time. 2 bedroom, 1.5 bath, finished basement.

after purchasing we discovered the basement leaked, and the "finished" basement was very poorly finished and was holding moisture/mold. we removed everything from the basement (so now it is unfinished). the walls are covered with old shitty "Drylok" which is peeling and we haven't been able to remove it. The walls are an old timey type of masonry (built in 1942), so scraping them hard would cause them to chip.

Anyway, we also found out the floor tiles in the basement were asbestos. We had all of those removed professionally, so the floor is just the bare concrete. (There are still remaining asbestos floor tiles in the garage, but they are not disturbed and are in original shape/not damaged). The half bathroom in the basement was a piece of shit (the vent just vented up into the insulation, wtf). Removed that, so it's just an empty space with a toilet hole in the ground.

Long story, the basement looks like shit and needs work (but it's dry as a whistle now). The windows are also lead (sealed, but peeling on the exterior which is covered by screens).

We renovated the kitchen professionally with custom cabinetry and granite counters, new appliances about 7 years ago. It looks good still.

Wood floors have some scratches and need refinishing.

Anyway, long story to say, we need to get out of this house and are wondering if we should even attempt to list this thing, or if just going with an as-is cash buyer (cash for homes/wholesaler) is the best strategy.

Thanks.

submitted by /u/No-Environment-9059
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/126mb9e/not_sure_if_we_should_repair_house_or_not_looking/
Labels:

Comments

Post a Comment

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear
1 comment
Read more

Fast Rising HOA Fees on NYC Condo, No Budget Provided

My wife and I are first time homeowners and could use some advice on a situation we've been having with our management company and Board. We bought a condo in Brooklyn two years ago, and since then our HOA fees have climbed dramatically. In August of last year, our fees were increased by ~30% and just yesterday we received notice that this new figure would be increased by 16% as of June 1st. The by-laws for our building state that ten days before such a change goes into effect, the Board must provide unit owners with the itemized budget upon which the new numbers were based. This didn't happen last year, and when I asked the management company about it, they just kept vaguely insisting the Board had done due diligence. After I kept pressing, they finally sent a budget that was several years old, so obviously not the one that the new numbers were based on. When I asked the management company for contact information for the Board to get further clarification, I was told that th
Post a Comment
Read more

How to create fidelity investments current bank statement for lender during escrow

I transferred a certain amount to my bank account to complete the minimum down payment required. The bank wants a current statement of the transaction. Unfortunately, fidelity only does quarterly statements so a December statement is not available and we are due to close next week. I called fidelity and they they can only provide a letter but the bank said that won’t suffice. Any way I can find or make one of my own that has my account number/name along with all the recent month’s activities? submitted by /u/bodaciousbeans [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zmnnqo/how_to_create_fidelity_investments_current_bank/
Post a Comment
Read more