listing scenarios

5503 HERSHOLT AVENUE, LAKEWOOD

 

Scenario A

For an as-is sale, without doing repair to any of the items listed below:

Items in disrepair as visible to the naked eye from our visit 7/15:

  • Backyard demo waterway, koi pond and shanty structure

  • Clear up overgrown foliage

  • Repair fence at perimiter that is in disprair/falling

  • Clear out all debris and personal items

  • Roof appears to be at the end of it's life

  • Dry rot apparent on windowsills, likely needs replacement and termite tenting

  • Exterior paint

  • Interior paint

  • Interior flooring refinishing

I explain these comps in the video below:

LIST PRICE RECOMMENDATION: $679,000

 

Scenario b

Some repairs including:

  • Backyard demo waterway, koi pond and shanty structure

  • Clear up overgrown foliage

  • Clear out debris and personal items

The comps are the same as before, no need to go over comps again.

Timeline on this would most likely be 3 weeks of work depending on gardener and handyman/junk hauler availability

LIST PRICE RECOMMENDATION: $685,000

 
 
 

Scenario c

More in depth repairs including all of the above and additionally:

  • Replace roof

  • Termite treat property

  • Paint exterior

  • Paint interior

  • Refinish wood floors

Of course, this can only be done (with respect to the interior fixes) if the occupants move out, which is still unknown if this will be the case. Lead time of 6 weeks depending on contractor availability.

I explain these comps in the video below:

LIST PRICE RECOMMENDATION $710K-$715K

 

Scenario d

Most updates to the property, can only be done if vacant, all the updates in Scenario C with additional updates:

  • Refinish or replace kitchen cabinets

  • Update kitchen countertops

  • Update kitchen appliances, finishes and fixtures

  • Gut and update bathroom with new finishes and fixtures

  • Mini split HVAC system

  • New windows

Lead time of 3-4 months depending on contractor availability. With scenario D there is the option of bringing in an outside vendor such as Curbio  or Freemodel would be brought in, they project manage all of the repairs and sellers pay at closing.

I explain these comps in the video below:

LIST PRICE RECOMMENDATION $799-$825K