We've spent the last month fixing up a flat to sell. My partner has owned it for eight years. Our city is HCOL, but it's currently a buyers' market with 'days on market' rising steadily and a serious oversupply of apartments in the same suburb as ours. We've done a lot to fix it up (mostly sweat equity, but also a new oven, vanity etc) so that it will be at the higher end of the quality spectrum for its price range. This is not so we can expect it to sell for significantly more than comparable properties (it's not that kind of market right now, sadly) but instead so that it will sell relatively quickly. Another flat in the same building as ours has sat on the market for the last few months with no real interest; however it has the original twenty-year-old kitchen, bathroom etc compared to our place which has been renovated, so our real estate agent doesn't think they're directly comparable.
After having done all the grunt work to get it ready, we noticed that the tap in the kitchen has started dripping. Not just an occasional drip: it's a fast drip which I think is pretty obvious. The problem I'm seeing (and the reason why we've put in such an effort to fix up the property) is that in such an oversupplied market, buyers can be extremely picky if they want to and even a minor issue like a dripping tap could be enough for them to pick another apartment over ours.
My concern is not price but simply getting offers in at this stage. I believe it would be fairly easy for us to fix or replace the tap but my partner has DIY-fatigue and isn't sure whether fixing it would be worth the effort.
If a property was otherwise fine / slightly better than standard in the market, and priced appropriately, but had a dripping tap, would you even bother putting in an offer? (Bearing in mind that there's an oversupply of this property type in this location, so you're spoilt for choice!).