Your best bet is to contact a local agent for an established real estate office in your area and ask them to give you a Comparative Market Analysis which will be based on your specific property re location, condition, recent comparable sales, etc.... more
It is most often because of a title transfer or passing of the property from one owner to another without a "sale" actually taking place. The $1.00 is recorded because the recording methods won't allow the price to be "zero"-- there legally and logistically has to be a "purchase" for the transfer to occur. It did not sell for one dollar in 99.9% of the cases. I have seen this most often in our area when the property is transferred from parents to children/heirs or in divorce proceedings where one person is basically 'giving up their rights' to the property.... more
This first thought on any Realtor's mind is the price. While this can definately be the case and is, at the very least, part of the issue it is not the only issue. When a property sits on the market for a longer period of time it becomes stale. The status of the property will switch to "active" on our MLS system where it no longer appears on buyer's email drip campaign. The only way for it to reappear would be with a price change, addition of photos, or change in information. I agree that, after a certain period of time the house should be pulled off the market. Even if no changes are made to the house itself it should be pulled and then relisted after a little time off the market. Beyond that, interior design makes a huge difference. While there may nothing wrong with the structure or mechanicals in the home it may not be neutral enough for new buyers to envision the home as there own. In many cases, I will go through a home with my seller and we will discuss making small but important changes in terms of wall color, decor and the like. I can honestly say that, in some cases, it has made a significant difference in terms of selling time and price. I hope this helps!
This property is currently pending in MLS. Which means that they are in a purchase and sales agreement and under contract. The contract date was 8/18/2010. Since it is not a short sale or foreclosure, it could close in a few weeks or it could take longer depending on, inspections, appraisals, financing, (probate, if estate), there are many factors that could affect the closing date. I would advise to contact the agent that has listed your property to get up to date information.... more
Never. Just kidding. Make sure when you sign a listing agreement you keep a copy and be aware of the dates as they approach. If your realtor cares about your listing, they will be aware of when its about to expire and will talk to you about extending the contract or withdrawing. If you withdraw and plan to re-list at a later date with the same realtor, save yourself some trouble and sign a withdrawn right to relist form. That way other realtors will not target your listing as a source of market share.
Other than that, you can sell your home to anyone not introduced to the home by your agent during your listing contract. The legal term for this implied agreement is "procuring cause".
Keep in mind though, most listings do not sell. There is still a nine month supply of inventory and you have to not only be a compelling home but a compelling value to ensure a sale. Thats not bad news or good news, just business. And it greatly decreases your chance to sell by going for sale by owner. Plus, you're still going to wind up paying a buyers agent commission, so you'll most likely only save half on commission.... more