On Sat, 19 Mar 2016 07:46:04 -0400, Frank "frank wrote:

My neighbor did extensive renovations not needed before moving. He made
the mistake of putting the house for sale in the late fall where
pictures outside were not real attractive. Also listed too high and
ended up getting maybe $125,000 below initial asking price.

Guy that bought it renovated it. He tore out one new bathroom to put in
a complete another to satisfy his elderly grandfather.

I agree, Oren, don't put money in house and expect to get it back.

Unless you have some defect that has to be disclosed at sell, ~95% of
refurbishing is cosmetic. If a buyer likes the house they may put in
an offer or not.

Went once to meet a seller. Price was in the right range to make an
offer. His daughter let us in (agent present) and he was late. Asked
the daughter about schools and what else was around the neighborhood.

"There's a pig farm not far from here. You can smell it in the
summer!" Make tracks feet