Sell as is or make improvements

[Zack Elaroussi]

Hey guys!

Seeking advice.

My mother is in a tough predicament and needs to sell her home ASAP.

I am a licensed agent, so I will be listing it and know it will sell fast.

The problem is it is extremely outdated and realistically she can probably get around $215K right now AS IS.

My question, do I list and sell as is or do I take out a loan to make improvements (I.e , new kitchen , appliances, bathrooms, floorings ,

Paint etc). If the property is fully redone we can sell for $280-$300K

Based on the work I want to do, do you think it would make more sense to sell as is or complete the improvements and sell remodeled?

This is a condo by the way.

[Zach Olmstead]

Hey Zack!

Sorry about your mom's (and yours) situation. 

I'd say it all depends on how much the improvements would cost. If you can do all the improvements for $50k or less and you're sure you can get $280k for it, you're making a decent return on your investment. Plus the potential buyer would have less to counter on (if that'd even happen in this crazy market lol)

Good luck!