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Question DetailsAsked on 10/25/2015

How can you sell a home that is estate without putting a lot of money into it?

My siblings and I have been trying to sell my mothers home, after she passed. It is a wonderful home, but she was 86 years old and the basement has not been cleaned in probably 10-15 years. We have not gotten an offer in over six months. The house is in a very nice neighborhood, empty of course, it is very well built ranch home with two fireplaces, one on the main floor with a gas log, and the other in the basement. The first realtor said that all the potential buyers loved the home but were concerned about water in the basement, which had signs of flooding. The flooding had happen in 1986, when the drains had backed up because of the massive rain we had, the paneling was warped. We had the basement fixed with a de-watering system. I can't believe that buyers wouldn't make an offer knowing it was an estate. We have lowered the price by 10k recently even though we spent about that much for the basement.

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How long has it been on the market? If your contract with your realtor is up, it's time to get another. You should have someone with fresh eyes come in and tell you what your home is lacking that is causing it not to sell. Listen very closely and do everything they say to spruce it up/update. Also if you no longer have problems with flooding in the basement, then you should get rid of that old warped paneling, preferably with new drywall. You could go so far as to have a home inspection done and fix any of the problems so when someone does put an offer on the home and has their own inspection they will have less to come back with to negotiate on price.

Answered 4 years ago by DriverNerd

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Hello, this is Ann from Angie's List. Here's Angie's answer from the Solution Center https://www.angieslist.com/articles/h...

Answered 4 years ago by AGregson




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