When you are looking to buy or sale a home you are going to comparable apples to apples. Stick built to stick built and modular to modular. The time, effort and quality involved with each is complete different and is reflected in the prices. I have seen in recent articles and You tube videos that have suggested that modular houses are better and have increased in quality and energy star ratings. As far a comparison on resale value they are similar in their prospective fields depending always of age, design, condition, location and size.
As far as an investment I please give me a call to explain that part of the question.
Jerome P Newkirk
Licensed New York State Real Estate Broker
Revision Real Estate
35 Broad Street
Waterford, NY 12188
518-229-0366 cell Direct
Trulia does not accept listings by owner, you have to be a licensed agent or broker to place a listing on Trulia. You can put your listing in the form of a blog though. Good luck with your sale... more
There's a great way to see foreclosures at the same time (or even before) those sites get the information! Find yourself a great agent who follows foreclosures. Odds are that the agent you want already subscribes to a locally focused Foreclosure Reporting Service that picks up that data on the day it is posted at the courthouse. By the way, those agents are usually pretty quiet about what they do. Ignore the hucksters who promise quick $$$. Ask local Brokers who they have that works the foreclosure scene. They know.
Build a mutually beneficial relationship by referring business to the agent and by doing your share of the leg work to screen the suspects for real prospects. Most "deals" are found by walking and knocking, not by reading the same info that thousands of others already know. Understand that investors each have their own criteria - what's a perfect deal for you won't be of interest to another and vice versa.
Build a network of competent and intelligent colleagues who all want new info on foreclosures and are willing to share. Your Mastermind group may include other investors, contractors, private lenders, attorneys, Inspectors, tax professionals, etc. Meet once a month to review and evaluate what each of you has uncovered. Let the others know exactly what you are looking for, and keep an eye out for what they want. Keep it small and smart.
Before you know it, you'll be knee deep in SOLID information, and you'll know how to move on it. You'll have some seasoned eyes to help you see what you are looking at, and some help if things get serious. Great fortunes (and small ones) are rarely made by lone wolves. Given the state of the economy, you'll have plenty of time to learn the game.
In order to understand what you can afford, you need to connect with a mortgage broker/loan officer at a bank, mortgage company or a broker/banker.
Contact me offline at Gail@GailGladstone.com and I will provide you with names/numbers for each of the above.... more
Buying an agent based on their commission is your first mistake. I cannot make that information strong enough when dealing with sellers who are "shopping" for a Realtor.
The two most important items to selling your property are 1) the pricing of your house and 2) the marketing the agent is doing to get the "great sale price" out there. Putting a house on the local MLS is just not enough these days; it must be all over the internet; that's where the buyers are.... more
The only way to answer your question is with more questions. Did your agent do a market value analysis to help determine the correct price for your home or is that your price based on what you feel you need. Is your home priced right? What is your asking price per sq ft vs other properties on the market or recently sold. For example if a similar condition home in the neighborhood is 1800 sq ft and another 1750 sq ft and sold for 207,000 & 204,500 (same number of bedrooms & baths etc.) that is approx $116 per sq ft. If yours is 1875 sq ft X 116 =$217,500. Have the buyers offered reasons for their lower offers? Do you need a new roof or is your furnace older? The bottom line is that although you set the asking price of your home, the market conditions set the value of your home. First through the buyers eyes & then through the appraiser & bank's opinion. If your home has gotten several offers $20,000 less than your asking price then that is what the market is telling you is the current value. On the bright side consider this. If you are planning to purchase a more expensive home, that home is also worth less in the current market. 155,000 -20,000 =13% less/ new home at 250,000 minus 13% =26,000 You actually save $6000 by buying now!!... more
I would say yes and no. If there is a contract, it should specify the exact close date and all involved should work towards achieving that goal. There are extenuating circumstances that may warrant an extension of that date, but it should be clearly understood by everyone and especially being the seller you need to sign off on any changes to the initial contract.... more