Realtor chat
Feb. 4th, 2009 10:27 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
feng_shui_houseI called 3 realtors from my Collection of Realtor Cards (when I inherited the house I started getting cards & letters in the mail).
One no answer, one a woman who had a really hard time understanding what I wanted- 'I am trying to fix up my house for sale, and I need an idea what a swimming pool adds to the value of the house' She thought I was looking for pool repair places. It took a lot of explaining before she took my number & address to have a realtor look up comparable sales & give me a value. I asked her to tell the realtor what I want to know is 'what does a 30,000 gallon swimming pool add to the value'. I don't think she understood & don't really expect a call back. The third one was a nice man who says 'don't bother, sell as is' With more nudging he said the buyer would expect about $30,000 off the price, so I think I'll go with getting it fixed. I'll get a year's use out of it, and I really can't think any buyer would look at the mess it's in and be willing to live with the inconvenience of the major fix-up, even with me cutting the price twice the cost of repair. I don't know what filling it in and removing the pump house would cost, but I wouldn't be surprised if that ran $5,000 (heck, the construction guys charge $1,000 just to haul away their OWN rubble). So, ignore it and lose more than $30,000, pay $5,000 & lower the value of the property, or pay $14,000 and hope the market improves in a couple of years.
One no answer, one a woman who had a really hard time understanding what I wanted- 'I am trying to fix up my house for sale, and I need an idea what a swimming pool adds to the value of the house' She thought I was looking for pool repair places. It took a lot of explaining before she took my number & address to have a realtor look up comparable sales & give me a value. I asked her to tell the realtor what I want to know is 'what does a 30,000 gallon swimming pool add to the value'. I don't think she understood & don't really expect a call back. The third one was a nice man who says 'don't bother, sell as is' With more nudging he said the buyer would expect about $30,000 off the price, so I think I'll go with getting it fixed. I'll get a year's use out of it, and I really can't think any buyer would look at the mess it's in and be willing to live with the inconvenience of the major fix-up, even with me cutting the price twice the cost of repair. I don't know what filling it in and removing the pump house would cost, but I wouldn't be surprised if that ran $5,000 (heck, the construction guys charge $1,000 just to haul away their OWN rubble). So, ignore it and lose more than $30,000, pay $5,000 & lower the value of the property, or pay $14,000 and hope the market improves in a couple of years.
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no subject
Date: 2009-02-04 05:21 pm (UTC)no subject
Date: 2009-02-04 06:07 pm (UTC)The estimate came out even higher, because I'd forgot to mention I wanted a chlorine generator. *sigh* I am going to have to remember to swim in the pool at least once every day, once it's fixed in order to amortize the cost.
From what the one nice realtor said I think I'll be waiting 2 years to sell. He says the backlog of repossessed homes is still a glut on the market & he doesn't see much improvement in the near future.
no subject
Date: 2009-02-04 08:07 pm (UTC)no subject
Date: 2009-02-04 08:23 pm (UTC)If I can get a couple more (realistic) estimates for the same work, I might be able to get this guy to go down to match.
Still waiting to hear from the 3rd company. I'm close to mentally scratching them from the list.
no subject
Date: 2009-02-04 08:20 pm (UTC)no subject
Date: 2009-02-04 08:24 pm (UTC)