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Belinda Lopez
  • Specialist
  • Houston, TX
299
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579
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Is it better to list at a lower price? or to include a repair credit?

Belinda Lopez
  • Specialist
  • Houston, TX
Posted Nov 18 2014, 11:44

I have an investment property I'm about to list on the local MLS for a retail sale. It needs about $10k in repairs, $4k for foundation work, $4k for a new roof and misc cosmetic items. I do not want to do any repairs but just list as is. So would it be better to list the property at a lower price of $65k or at $75k and give them a 'repair allowance' or discount of $10k, effectively bringing their price to $65k. Any advantages/disadvantages to either strategy?

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