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Well, All Right
Feb. 14th, 2017 01:05 pmRealtor came over yesterday.
Essentially, there was good news and bad news. Good news is once my house goes on the market, I'm "the only game in town", effectively, if you want to live in my area, it's my house you're buying, or nothing at all.
The bad news is: he wants me to spend money upgrading, and it won't be cheap. He listed off some stuff that needs repairs/replacing, and he ballparked it at probably around $6,000 to do it all. He did say the return on investment would be somewhere around $30,000 (effectively, he said this would be the average difference between an "as-is/kind of a fixer upper" vs. "turnkey, good to go"). He said that if I do all this, I shouldn't expect my house to be on the market much longer than 2-3 weeks. Some homes are on the market less than 24 hours.
Whenever I hear "pay this, and get this much down the road" I call bullshit...but I'm not paying HIM and he stands to profit off this (although he doesn't stand to lose much, either). He wasn't pressuring me and was being a good guy, just keeping it real.
The other wild card in this is I'd have to move out a little sooner than I want to, and I'd be living with other people until my gal and I found a new place (and also paying to rent out a storage unit for furniture and stuff). But...if I do indeed stand to make $24K off this, it'll be money and time well-spent. Just awkward.
This shit gives me such a headache.
Essentially, there was good news and bad news. Good news is once my house goes on the market, I'm "the only game in town", effectively, if you want to live in my area, it's my house you're buying, or nothing at all.
The bad news is: he wants me to spend money upgrading, and it won't be cheap. He listed off some stuff that needs repairs/replacing, and he ballparked it at probably around $6,000 to do it all. He did say the return on investment would be somewhere around $30,000 (effectively, he said this would be the average difference between an "as-is/kind of a fixer upper" vs. "turnkey, good to go"). He said that if I do all this, I shouldn't expect my house to be on the market much longer than 2-3 weeks. Some homes are on the market less than 24 hours.
Whenever I hear "pay this, and get this much down the road" I call bullshit...but I'm not paying HIM and he stands to profit off this (although he doesn't stand to lose much, either). He wasn't pressuring me and was being a good guy, just keeping it real.
The other wild card in this is I'd have to move out a little sooner than I want to, and I'd be living with other people until my gal and I found a new place (and also paying to rent out a storage unit for furniture and stuff). But...if I do indeed stand to make $24K off this, it'll be money and time well-spent. Just awkward.
This shit gives me such a headache.
