Skip to main content

Selling house as-is, but in a very competitive market

I’m in NJ, in a suburban commuter town (train to NYC is about 1 hour)l The houses around me (and in general the northern part of the state) have been selling over asking. There also have been several homes torn down and built with larger ones lately. I purchased the home about 10 years ago, but have not been able to keep up with the maintenance (job loss+crippling depression). I was cold-called by a realtor whose clients lost a bid on a house around the corner from me. I spoke with her and explained the situation and gave her a basic rundown of some of the issues with the house. She will coming for a tour in 2 weeks. Does anyone have some tips or red-flags that I should be aware of? This is my first house and I’m not really sure what to do next. The issues range from cosmetic (paint and drywall patches, ugly old wall to wall carpet in bedrooms, to major-definitely needs new roof). I want out, but I don’t want to get screwed over in the process. I can do minor repairs, but can’t afford anything major (the estimates for the roof were from $5500-$7500). Any tips or things to look out for would be appreciated.

submitted by /u/MotherGrabbinBastard
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/17y4l29/selling_house_asis_but_in_a_very_competitive/
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

How to Avoid Property Scams in Delhi?

Here’s What You Should Know! Commercial Real Estate (Non-Residential) Buying a property in Delhi can be tricky, especially with all the stories about scams and shady deals. If you're in the market, here are some tips to keep yourself safe:Double-check the documents: Always verify ownership and approvals. Don’t just take someone’s word for it—look at the actual papers. Do your homework on prices: Compare similar properties to avoid overpaying. A little research can save you from a bad deal. Work with trustworthy people: Whether it's a seller or an agent, go for someone who's transparent about pricing and the process. If they’re dodging questions, that’s a red flag. Ask for reviews or references: If someone you’re dealing with has a good track record, they won’t hesitate to share testimonials or connect you with previous clients. I’ve noticed that some property services have started focusing on things like verified listings and clear communication, which makes the whole proc...
Post a Comment
Read more