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Rainmaker
456,782
Shannon Milligan, Richmond VA Real Estate Agent/Associate Broker
RVA Home Team - Richmond, VA
RVA Home Team - Winning with Integrity.

I don't have an average. I have a seller right now who spent $5K in fixing up his place for listing. I had another not spend a penny. Yet another spent $3K and another who spent $500. I think it really depends on their budget AND their understanding that putting your best face forward is important to get the most money out of the transaction. 

Jan 23, 2015 03:11 AM
Rainer
279,598
Dipti Thakkar
LAER Realty Partners - Andover, MA
On a team with Praful Thakkar

$500.

Jun 01, 2018 11:44 PM
Rainmaker
629,751
Ajay Pandya
e-Merge Real Estate - Columbus, OH
Realtor Ajay Pandya

Depends. Some more some less.

Jan 22, 2018 08:28 PM
Ambassador
4,301,588
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I could not provide an average since sellers, markets,  and house prices I have listed are so diverse. I have had sellers spend $5 - $10K on a $500K home, and in one case as much on a home half that price, and others who don't want to spend a dime on a more expensive home, or perhaps a few hundred dollars

Jan 24, 2015 04:47 AM
Rainmaker
3,574,883
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I can't say there is an "average" dollar amount, as I carry listings priced from $100,000 to over $1 million. The sellers' budgets are not comparable. And sometimes I've found that the "cheapest" sellers are the ones with the most expensive houses!

Jan 23, 2015 09:53 PM
Rainmaker
653,397
Claude Labbe
Real Living | At Home - Washington, DC
Realty for Your Busy Life

I rarely see this go to $10k.  They'll spend $2-3-4-$5k, but only if I can justify why this is the best use of the money.

There are also many who's budget is $0 because they don't see a need.  That's when I know I'm going to earn every penny of my commission.  Those have also been the listings which I've terminated in those cases when I came to realize I'd made a mistake by agreeing to work with this seller/home.

Jan 23, 2015 02:13 PM
Ambassador
4,307,769
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

It varies, Angela & Stephen Hardiman . Some of them go out and spend lots of money to make sure house is presentable and some just avoid spending anything.

Jan 23, 2015 12:32 PM
Rainmaker
2,904,213
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

That questions is as broad as it is long.  Every market is different. Every seller is different.  It would never occur to me to "average" what a seller spends ... for me, it's useless data.

Jan 23, 2015 08:45 AM
Rainmaker
275,632
Susan Jacobsen
The Alliance Group Realty - Hilton Head Island, SC
20 Years Providing WOW Real Estate Service

Angela - I hate to echo everyone else but it indeed just depends. I had a property on the market - a 2BR 2BA villa - walls were chartreuse - my seller had me select a neutral color. Had tile in the LR but it was ugly, my seller had me put in carpet. Had loads of cracked tiles in the kitchen and BAs, seller had me pick out tile. Total spent - about $8,000 - result an offer the day the tile was installed!

Other more high end properties may need to spend way more - but sometimes it's a matter of rearranging furniture and just paint.

Jan 23, 2015 08:29 AM
Rainer
333,702
Frank Castaldini
Compass - San Francisco, CA
Realtor - Homes for Sale in San Francisco

In my area I would have to guess somewhere between $5K and$10K.  Of course it depends on each situation.  

Jan 23, 2015 08:16 AM
Rainer
214,035
Marla Yost
Marla Yost Team- Keller Williams Realty - Arlington, TX
The Marla Yost Team

Depends on the value of the home and if it will help it enough to sell.

I have clients that wanted to put new carpet ,counter tops etc but the numbers for the value of the home just wouldn`t match up .

 

Jan 23, 2015 07:24 AM
Ambassador
942,651
Suzanne McLaughlin
Sabinske & Associates, Inc. (Albertville, St. Michael) - Saint Michael, MN
Sabinske & Associates, Realtor

It depends on the property and what financial shape they are in....with short sales, it is very minimal, with some of my higher end properties, they are willing to spend about $4-5,000.  Hope that helps!

Jan 23, 2015 04:29 AM
Rainmaker
1,681,389
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Depending on the home value, the most I would say is $5,000 per $100,000.

Jan 23, 2015 03:59 AM
Ambassador
4,853,059
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Zero to 10K

Sep 14, 2019 12:11 AM
Rainmaker
4,798,978
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

As little as possible.

Sep 15, 2017 07:16 AM
Rainer
329,276
Donald Reich
Prudential Centennial - New Rochelle, NY

A loaded question. It really depends on the type of property, and more importantly the value of the property. Is this money that will help the seller make more money, or is it money that will not be recouped?

Jan 24, 2015 11:53 PM
Rainmaker
304,455
Tammy Adams ~ Realtor / Podcaster
Maricopa Real Estate Co - Maricopa, AZ
A Maricopa Agent who Works, Lives & Loves Maricopa

Most of the time very little but as time goes on they will start to. A shame really as if they would have done earlier the home would have sold when it first went live. 

Jan 24, 2015 07:45 AM
Rainer
227,837
Richard Robibero, e-Pro, ABR, SRS
Panorama R.E. Limited - Toronto, ON
Selling Your Home as if it were My Own!

Average? Can't say. More often than not the places don't need work other than moving a few things around and cleaning up.

But yes there are those where a lot of work has been done.

 

 

Jan 24, 2015 12:10 AM
Rainmaker
3,985,587
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

It really depends on the property and the owner.  Some will do most anything and others say...Hey, it's good enough

Jan 23, 2015 01:21 PM
Rainmaker
500,633
Tom Bailey
Margaret Rudd & Associates Inc. - Oak Island, NC

Very difficult question to answer. It depends on the home and the condition. Of course we have  to make the home look as good as possible, but at some amount we reach a point of diminishing returns. At that point one is throwing good money after bad.

Jan 23, 2015 01:15 PM
Ambassador
3,985,488
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I can't say they have an average. It depends on the seller and the deferred maintenance issues. I have seen sellers spend $10000 and others balk at $500.

Jan 23, 2015 01:02 PM
Rainmaker
1,317,757
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

I would agree that there is no "average".  There are a lot of factors at play.

Jan 23, 2015 11:38 AM
Rainmaker
4,450,277
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

My sellers have replaced carpet and painted, as well as refinished hardwood flooring.    Not sure if I could put a dollar amount, but they have done what would bring them money in return. 

Jan 23, 2015 10:52 AM
Rainer
51,436
Marilyn O'Donoghue
Long & Foster Avalon - Avalon, NJ

I own a staging company as well as having a real estate license and I stress to every seller that buyers watch HGTV and expect all homes to look dressed up!  I do agree that for a typical single family home with bedding, lamps and art updates, the cost is approximately $5000

Jan 23, 2015 09:43 AM
Rainmaker
207,455
Paige Walker
Paige Walker - Pineville, LA
Real Estate Guru - Alexandria Pineville LA

I would estimate $3,000 - $5,000. I am one who believes in putting your best foot forward and sometimes you have to spend a little bit to get a better return!

Jan 23, 2015 09:30 AM
Rainer
173,687
Angela & Stephen Hardiman / HouseTie.com
HouseTie.com - Spokane, WA
When first impressions count...

Fantastic point Marla. 

Don't spend excessive money on projects that you've always wanted, but is not going to make a difference in the price of your home or how quickly it sells. 

 

Jan 23, 2015 07:30 AM
Rainer
173,687
Angela & Stephen Hardiman / HouseTie.com
HouseTie.com - Spokane, WA
When first impressions count...

Thanks Suzanne.

Anytime I have consulted with sellers that are willing to spend several thousand, usually the funds are directed toward improving curb appeal, and/or upgrade kitchens and bathrooms. 

Jan 23, 2015 04:36 AM
Rainer
173,687
Angela & Stephen Hardiman / HouseTie.com
HouseTie.com - Spokane, WA
When first impressions count...

Thanks Shannon and Larry for your feedback. It's so interesting to hear what other agents experiences are across the country.

Talking to our local agents here, most said their average sellers are willing to spend on average about $500, and up to a few thousand if they're in the upper price point.  

Jan 23, 2015 04:12 AM