Dan Drechsler, Realtor

Dan is a veteran realtor with 13+ years of experience. He serves as a full-time agent working closely with buyers, sellers, and investor clients to help them achieve their personal goals and dreams. He is a Certified Probate Expert as well as Senior Real Estate Specialist, thus asserting himself as a go-to resource for every real estate situation his clients may encounter. With his team of estate sale companies, clean-out crews, contractors and legal aides, many consider him a ‘one-stop shop’ for everything Probate and Senior real estate related. Dan has developed a three-tiered approach customized to assist clients in the best way possible, and to date he has assisted hundreds of families with their real estate needs.

When considering the best way to help clients it always comes down to the individual situation. There is no umbrella option or one-size-fits-all solution. To some people, the thought of taking on a home in need of renovation would be unimaginable. Others might own a construction company and be looking for flipping opportunities, or be retired and love working on home projects in their own time. We are option people. We want to put our clients in the best position possible for their current situation. Most of our clients take advantage of one of the options listed below.

1. Selling the property As-Is to an Investor – usually this is the quickest way to sell the property. Most investors pay all cash, purchase properties as-is and can settle the sale within 7 to 14 days. These investors will need to turn a profit when re-selling or preparing the property for rent, so this usually brings the lowest net return of the three options.
2. Selling the property As-Is on the MLS – listing the property on the local multiple listing service and getting it in front of as many buyers as possible. This strategy usually generates more interest and a higher sales price than the investor route, however it does usually come with more expectations from buyers. The property could become subject to inspections, appraisals, and property requirements in order for the buyers to get a loan. Even though the property is sold as-is, some buyers do inspections for their own information and have the ability to back out of the contract. The average timeline from listing to closing is about 30-45 days, but if any issues arise in the process it could easily become two to three months, or more.
3. Becoming the “flipper” – this option is best for reps who perhaps have money in the estate or of their own and want to get top market value for the home. Maybe you know contractors who can help transform the home from its current condition to a beautiful renovated finished product. This strategy will net the highest return but also takes the longest and requires someone to finance the repairs. Depending on contractors, permitting, and anything else coming up during the repair process, you should plan on about 90 days of renovation. Then the property would go to market where you can expect at least a 30-day process. Overall, I would plan on about 120-160 days form start to close.