Here is an Actual Case Study…
Let’s take an actual house we recently bought and share with you how it happened.
Case Study: Wade Before and After
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1)
Let’s say this is your house in its current condition:
Not bad right? OK it could use a bit of sweet tender loving but not too shabby. It is just outdated…
2)
Now remember, your neighbor with the exact same house as yours? He got a new roof, updated the kitchen and bathrooms, put granite in, removed carpets and put in hardwood flooring? Well, this is what his house looks like after he did the changes:
3)
Well, no wonder he sold it for $160K, it is gorgeous! WOW!
In order for us to also be able to sell your house (well, our house after we buy it from you) for $160K, we need to bring your house to the same condition as the house of your neighbor, or better, so that we can also sell it for $160K!
Why?
Because we will not be able to sell the house in this current state for $160K when all the other houses that are currently for sale in your area look as gorgeous as your neighbor’s. Would you as a buyer be interested in buying a house in lesser condition for $160K when a much nicer house sells for the same price? No, of course not!
So an obvious next question you’d ask, would be:
OK, if the house after it is completely fixed and updated would sell for $160K, for how much would it sell as is?