Tag

deferred maintenance

Fixing Things on the Way Out (The Door)

“No Time Like the Present” for Home Repairs One of the things I’ve repeatedly seen over the years is Sellers, in preparation for going on the market, finally tackle all the projects they put off while they lived in the home. Like replacing an especially stained Living Room carpet; refinishing that horribly scratched hardwood floor...
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Foreclosures: 50 Cents on the Dollar

Valuing Foreclosures in 3 Easy Steps Based on showing dozens (hundreds?) of foreclosed properties to clients the last year or so, I’ve developed the following, “ball park” formula for pricing them: Step 1: determine their peak value (usually, sometime in mid-2006). Step 2: Subtract 50%. Step 3: Add or subtract 10% for above or below...
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