Real Estate Tips from Bob Rich-Renovate or Sell "As Is"

Say you’ve lived in your home for some 20 or 30 years. You are now ready to retire, sell and move to something smaller. However, something happened in the past 20 or 30 years. Home designs and buyers’ taste have changed but your kitchen, bathrooms and perhaps heating and plumbing systems have not. To get full price for your home, you would have to make a major investment and massive renovations or perhaps, sell “as is” for a lower price.
Before you make that decision, you or your agent should compare the market advantages of selling the home “as-is” versus partially or completely rehabbed.
If you are not in a position financially or don’t relish the thought of being inconvenienced, you may actually be in a pretty good selling situation. You may come out money ahead by selling at a lower price for your location after you compare the final selling price against the emotional and dollar cost of improving.