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Updated over 4 years ago on . Most recent reply

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Jules H
  • San Jose, CA
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Seeking advice - Foundation fix before selling

Jules H
  • San Jose, CA
Posted

I have a property in San Jose, California that I'm planning on selling next year.   It needs some foundation work (approx $80k-$100k).   Should I get the work done before listing and sell for top $$ or list at a discount price for buyer to do the work themselves.   The property is a 2.5k sqft 4 bed, 3.5 bath on 1/2 acre,  comps indicate $1.45m.    

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Darius Ogloza
  • Investor
  • Marin County California
2,357
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Darius Ogloza
  • Investor
  • Marin County California
Replied

The fix and flip strategy we pursue depends on sellers who do not make the time, money or wherewithal to fix properties into top condition and thus make top dollar.  If you have the cash, do the work and document it and market the property broadly.

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