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It really depends on your neighborhood. If you would be happy to get $110,000 for it, and you can get $130,000 for it by putting $12,000 into it, I would do it. Call a couple of local Agents. Ask them what they think about the repairs during their Listing Presentations. Make them compete for your business, but if they are too far apart in their educated guesses, call in another Agent.
Does your area have a lot of cash buyers? If not, you may need to do any repairs that would prevent financing if you do not want to drastically limit your market.Most listing agreements do not require funds until the house sells - but that can vary based on region, agency and services requested.
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For Sale: $147,500
For Sale: $159,000
For Sale: $170,415