[wincrasher]

As some of you know, I purchased a new house this spring. My old house is sitting empty right now.

My grand plan was this: When my current project assignment is over, I'd probably have a few months off. I'd work on finishing some things in the old house, clean it up, prep for sale and put it on the market. It does need quite a bit - I've remodeled the kitchen and 2 bathrooms and put hardwoods in the living/dining room, and a new heating/cooling system. But it needs carpets, some light carpentry, paint inside and out, new garage doors, new driveway, fill and landscaping in the backyard, etc., etc. The basement is gutted down to the block walls. I figure about $30k-$50k in materials and subcontracted work.

But I've had some interest from people to buy it as a fixer. I think a fair value as it is is about $75k to $90k. All fixed up, about $150k. A similar house in the neighborhood was professionally remodeled completely and it sold for $197k.

So what to do? My time is expensive, so I have to consider that (about $24k/month). I worry about how an appraisal would go in it's current condition if I sold as a fixer. How would that work if you are selling "as is".