General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated almost 13 years ago on . Most recent reply

Adding sufficient "new" value to a rehab?
Recently passed on a home that needed only light "ginger breading", along with a new A/C unit to bring it to market. While this sounds great at 1st, and might be just the thing for turning a home into a rental, my fear was that we weren't going to be able to do enough to improve the value of the house to appraise to the ARV level that suited the surrounding recent sales. Our holding costs over a 6 month period - buying to selling - would be ~2.5 times the amount to spend on rehab. Is this sound reasoning, or am I missing a great opportunity?
Most Popular Reply
"puffing" is allowed and accepted by the code of ethics for realtors.
"fluffing" is a term used in the adult industry - and while its certain some people expect an agent to perform this service in the course of a deal, it isn't a subject that is taught in re school, nor does the term appear anywhere in the code of ethics.