Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 12 days ago, 12/06/2024

User Stats

15
Posts
5
Votes
Janet Runes
  • Rental Property Investor
  • Evergreen, CO
5
Votes |
15
Posts

Time to Sell? Swansea SFH

Janet Runes
  • Rental Property Investor
  • Evergreen, CO
Posted

I am looking for advice on how to sell a property without making the tenant move out for a rehab. I’d like to sell it as is with a $25k price concession for rehab needs. Is that something that happens? How and where do I list it? I’d like the tenants to be able to stay until a new owner takes over.

I own a ~1,015 sq ft, 3/1.5, single-family home with 1-car garage in Swansea. The backyard is big enough for an ADU with access from the alley. It is mechanically sound with new roof and siding in 2017. The tenants have been in place for about 12 years, so it does have wear and tear. They are month-to-month and pay below market rate.
I would prefer to sell it in its current condition and estimate that a diy remodel would top out at $15k. It needs new carpet, everything needs to be painted, the bathtub needs to be reglazed, and some of the outlets are still 2-prong. That would get it rental-ready. To get it homeowner ready would probably be another $8k for some kitchen updates.

A very similar house down the street sold for $455k in August. I would like to offer mine for $395k as a private sale. I am happy to consider listing with a realtor, but the price would have to increase to accommodate commissions.

I’m open to any and all advice from the community. Thanks so much.

Loading replies...