Selling My fixer – Redfin vs FSBO vs 6% realtor

I purchased a 800 sq ft fixer in July 2020 in Bay Area CA as a passion project and investment. Worked really hard over the past two years to make it someone’s dream home. Put about $120k into the home and many hrs of labor.. new siding, underpinned foundation, added a bathroom, removed kitchen walls for a open layout, full kitchen remodel with brand new cabinets and quartz counter, new roof, two new redwood decks, built a backyard office, installed two French drains and sumps one in backyard and another in the crawl space. Added Minisplit. New flooring, baseboard and trim throughout. New redwood fences and gates. Drought tolerant xeriscape front yard with concrete paver path, new electrical and copper plumping throughout.

The house is within a touristy / destination town but the neighborhood is historically ‘low income’ / working class. Small lots, lots of homes that haven’t been kept up.

Purchased at $450k July 2020 @ 2.875% with 10% down, cash out refinance in Oct 2021 @3.2% with 20% equity and removed PMI, now looking to sell in July 2022. We expect the house to sell around 700k & hopefully more.

Me and my partner had the intention of getting our real estate licenses before we sold the house in order to avoid the seller agent fees. We both completed the education but never got to scheduling/ prepping for the exam. Now not sure what path to take for selling in order to maximize roi.

Do we use the fancy high end 6% realtor who promises creating a bidding war? Go with Redfin agent (1% listing fee + buyers agent fee ) who says the house will sell itself? Or go through the process of learning how to sell FSBO and only pay lawyer+ selling agent?

photo

What would you do??

submitted by /u/remodel-anon
[link] [comments]

I purchased a 800 sq ft fixer in July 2020 in Bay Area CA as a passion project and investment. Worked really hard over the past two years to make it someone’s dream home. Put about $120k into the home and many hrs of labor.. new siding, underpinned foundation, added a bathroom, removed kitchen walls for a open layout, full kitchen remodel with brand new cabinets and quartz counter, new roof, two new redwood decks, built a backyard office, installed two French drains and sumps one in backyard and another in the crawl space. Added Minisplit. New flooring, baseboard and trim throughout. New redwood fences and gates. Drought tolerant xeriscape front yard with concrete paver path, new electrical and copper plumping throughout. The house is within a touristy / destination town but the neighborhood is historically ‘low income’ / working class. Small lots, lots of homes that haven’t been kept up. Purchased at $450k July 2020 @ 2.875% with 10% down, cash out refinance in Oct 2021 @3.2% with 20% equity and removed PMI, now looking to sell in July 2022. We expect the house to sell around 700k & hopefully more. Me and my partner had the intention of getting our real estate licenses before we sold the house in order to avoid the seller agent fees. We both completed the education but never got to scheduling/ prepping for the exam. Now not sure what path to take for selling in order to maximize roi. Do we use the fancy high end 6% realtor who promises creating a bidding war? Go with Redfin agent (1% listing fee + buyers agent fee ) who says the house will sell itself? Or go through the process of learning how to sell FSBO and only pay lawyer+ selling agent? photo What would you do?? submitted by /u/remodel-anon [link] [comments]

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