Well having sold a home just over a year ago....
People TODAY want move in condition! About 90% want NO WORK AT ALL! Now
if you want a fast sale then give them exactly that, a nice pristine
turn key home. If on the other hand your willing to wait endlessely for
the rare buyer who wants some work, then leave things as is, be
prepared for a BIG price hit, and a longer wait for the right buyer:(
Most max out the monthly mortage wanting more home and wouldnt have
money after the sale for remodeling, nor a desire to do it.:(
FIRST GET A HOME INSPECTION! Sure it will cost you $250 but it will
alert you to things buyers will be looking at:( and demanding a price
cut for repairs, lots of stuff can be fixed DIY, but once the buyers
home inspector checks things out they will demand receipts from
registered electricians, plumbers, etc.
so that flakey light switch or leaking drain can cost you a LOT:(
repaint the entire home in a nice neutral color like white or off
white, fix obvious things that are broke, and declutter the house, make
it look spacious even if you have to rent a storage bin somewhere
during the sale.
I heartily recommend you watch some shows like BUY ME, and HOUSE
HUNTERS, and designed to sell!
Just a few episodes will give you a idea of what your up against:(
I think your wife is right, redo the kitchen, thats the first thing
buyers look at, bad kitchen not interested:(
Oh yeah start preparing your disclosure list:( EVERYTHING that has ever
been a issue and not exactly perfect, if you leave anything out the
buyer can come back and sue you for the cost of repairs.
That happened to a old neighbor here. She sold her home and didnt
disclose tree roots she knew were in sewer. new owner moved in and had
clog:( Happened to call the same plumber , who had changed jobs but
snaked the sewer for the old owner.
old owner paid 8 grand for all new sewer line including under basement
floor all because she didnt disclose a year earlier it had been snaked.
I heard the original owner spent 2 grand on lawers fees too but dont
know for certain.
Things have changed GREATLY in real estate in the last 10 years, people
USED to look at homes and see possibilties:(
Now they want a PERFECT HOME:(
If your lucky the buyer will accept your home inspection and not pay
for a second one, but even if they do you will know what to expect...