As others have said, whether foreclosures and short sales will have an impact on pricing your home will depend on how many foreclosures are for sale and the number of recently sold in your neighborhood/area. Not all distress properties are in poor condition. Banks in our area are now paying to have new carpets installed, freshly painting interiors and sometimes even installing new appliances so that the REO properties show better and bring current market prices.
I would suggest contacting 3 local real estate agents who list and sell in your neighborhood. Ask them your questions regarding foreclosures and for a CMA (comparative market analysis) of your home's current value for sales purposes. The CMAs are free and you'll get a much better idea as to what your home would bring in today's market.... more
Many ways. Most popular is through a Real Estate Agent. Other ways include Notice of Default list and auctions if you have cash. Many other ways investors are doing it. Would require education. Hope this helps!... more
Pro - you pay less commissin. You may pay no commission but you may pay the commission to the buyers agent if the buyer is using an agent.
Con - See he list below. Many sellers don't realize all of the activities that an experienced agent does and what they do to earn their money. Here is a list of activities that I provide for my sellers.
1. Market Analysis provided based on current market conditions.
2. Home entered into the local multiple listings site.
3. Home entered into about 50 additional home sites (including Trulia which does not allow owners to list their own homes).
Property emailed out to my email list of over 300 local real estate agents.
4. Professional pictures of the property for all advertising.
5. Professional brochures.
6. Secure lock box placed on the property for showings and sign for advertising in the front yard.
7. The office accepts phone calls for showings and then notifies you - very professional and always available during business hours.
8. Weekly feedback on all showings that took place.
9. Proven negotiating skills to help you get the best price and terms for your property.
10. Assistance in navigating the contract process.
11. Assistance through the inspection process done by the buyer.
12. Provide comparable properties to the appraiser to help support value.
13. Provide a net proceeds worksheet so you know exactly what to expect from your closing.
14. Stay in contact with the buyers agent and/or lender to make sure there are no problems or if there are to help work through them.
15. Review closing docs and figures to ensure accuracy.
This list doesn't include if I do an open house to have brokers look at the property and other items that I try to individualize to specific properties. In a typical transaction I log over 50 phone calls, and mutiple emails and texts, put out money upfront for advertising and put in approximately 55 hours of work between my assistant and myself.
I'm glad us agents make it look so easy that people think they can do it themselves but reality is a different thing.... more
The CC&R's for Three Fountains Condos state that an owner can have up to two cats in their unit, provided that they enter into a written Pet Ownership Agreement with the condo association. Dogs are not allowed in any of the units at any time. Small birds or small quiet children's pets like hamsters are allowed, but are also subject to the written Pet Ownership Agreement. If you would like a full copy of the CC&R's for Three Fountains, please let me know, as I would be happy to provide you with a complimentary copy. I own a unit in Three Fountains, and am very pleased with the complex and how it is maintained.... more
There are a lot of details about a home that we can search for on the MLS. Unfortunately ceiling height in the basement is not one of them. The quickest way would be to text or call the listing agent.... more