Mississippi Real EstateMADE SIMPLENORTH MS REALTORS

Seller tools

As-is versus repair-and-list.

Three scenarios, same property, side by side. Every figure below is an estimate built from the numbers you type in. It is not an appraisal, not a valuation and not an offer.

Your numbers

Scenario A

Repair, then list

$127,000

Estimated net before taxes and payoff

  • Gross$180,000
  • Repair budget-$35,000
  • Holding costs (4 mo)-$3,600
  • Selling costs (8%)-$14,400

Assumes the work is completed on budget and the repaired value is achieved.

Scenario B

List as-is

$123,300

Estimated net before taxes and payoff

  • Gross$135,000
  • Repair budget-$0
  • Holding costs (1 mo)-$900
  • Selling costs (8%)-$10,800

Assumes market exposure at a price that reflects the condition.

Scenario C

Investor route

$94,600

Estimated net before taxes and payoff

  • Gross$94,600
  • Repair budget-$0
  • Holding costs-$0
  • Selling costs-$0

Illustration only, using 72% of repaired value minus repairs. Real terms come from the purchaser and depend on their own evaluation.

Assumptions used

Net figures subtract the repair budget, holding costs over the period entered, and selling costs at the percentage entered. Mortgage payoff, liens, back taxes, prorations, title issues and capital-gains treatment are not included. The investor scenario is a common rule-of-thumb illustration, not a quote: no purchase price, buyer availability, closing date or sale is promised here.

Next step

Have me run this using your actual property.

CHECK VALUE IN 5 SECSell