To sell or not to sell....

[Samantha Kohn]

Hello. I am new to this forum. My mom is the owner of a small (3 beds, 1 bath) home on two acres in a very coveted area between Great Barrington and Sheffield, MA. The house has sat abandoned for many, many years. We just put in a new well, water pump, and electric panel. We met with a real estate agent, who suggested that we sell it "as is" which may earn us $200,000+. However, I keep feeling that we are missing an opportunity to make money off of this house because of the location it is in. My question is... Should we avoid the hassles of trying to fix up the house and just sell as is, or fix it up and rent it out for generational income, or fix it up and sell? Thank you in advance!