Fight the BPO- Appraisal- It is a long shot but I've had this happen several times. If your agent can show other comparable values in the lower price point sometimes the bank MAY consider it. IT is unlikely, however if enough time has lapsed from the last BPO/Appraisal sometimes it will expire and you can try again if you are in a community that the values are declining. If the area market is in recovery and values are going up, you haven't got a chance. Another strategy is to show items on the home that are major cost in repairs showing pictures relating to those items or contractors repair estimates can also affect the banks decision. It is a challenge in convincing the argument but your agent has to be somewhat forceful and tactful in communicating the issues. Good example of this is an AC unit not working. I was able to negotiate it to be replace by the bank to sell the home to a first time home buyer with FHA financing but not the Cash investor buyer, instead was able to get the bank to reduce the price in lieu of the ac unit on the cash purchase. This may not be the be your situation. But if you are creative you may think of some serious issues that need addressed in your home to reduce the price. Just a thought.
Best Wishes for Success!
Susan Black... more
according to ASHI sec 4.2 home inspector is not reqyired to inspect shutters & exterior window wood
warp. still why they inspect them and over rule the guidelines & create unwanted problem for the seller?
how to stop bully inspectors and enforce them stay witnin the guideline ?... more
I suggest to my short sale sellers that they start with a conversation with an attorney that has experience with the process. Do that - so that you understand the process and implications. A local agent will be able to provide suggestions on the attorney front.
Good luck to you,
Unwavering Commitment to Service, Unsurpassed Results... more
Hi Sharonn. I also live and do much of my business in the Sicklerville area. If you have gone over your listing with a fine tooth comb and find that it has plenty of attractive photos as well as all the pertinent information and then some, along with a detailed desciption then it very well must be the price. Keep in mind that in this area you are competing with a plethora of short sales and buyers willing to wait on them to get that steal, although I'm seeing more and more declined. Also, Buyers today aren't wasting their time these days viewing properties beyond the internet until they narrow it down to what they're almost posititve is "the one". If this home is in less then attractive condition you may want to consider staging, which I would be happy to reccomend the company that I use. Most likely it's the price though, run your comps again and have fun getting the client to agree to a reduction. Feel free to contact me if you would like to speak about it.
As a resident of Sicklerville for over 20 years and 80% of my Real Estate being in Sicklerville, you must get past the 2006 market and know that those values have absolutely dropped, some between 15-25% plus. Zillow is not an accurate site for value of your home, since it is a computer system, simply pulling up neighborhood properties that may not in any way be comparable to yours. An estimate is either done by hiring an Appraiser, (approximately $350-450) or a Full Time Licensed Realtor specializing in your area. It is essential that you have an agent that can prove statistics, show you past, current solds of their own. If you are still in need of a comparison, please contact me at email@example.com
Was by you property just today. I'm in the post ofice regularly.
Selling commercial is much different than residential. Your marketing has to be focused toward enterprise. You need more than a residential agent to effectively market your property as a commercially zoned property. I see mostly you are currently marketing toward small mom pop type operations, which is probably what your bldg on the property is best capable of being used.
The growth on that corner is primarily due to WaWa and it's traffic. That's a good thing for you. But more so attention would be better given toward commercial developers, especially in this tight money. Imagination and a good marketing plan may move your property. But don't expect a commercail deal to go 123 like a residential. They take a long time to cater and make happen. Smaller operations can work but you need a strong model. Don't just shoot arrows in the dark. An agent who has a focused plan will do best. Make them develop a plan of marketing for you. Let them show you a target they are shooting for. MLS can be the luck, but you need more than luck , you need your agent to make things happen. Make the deal work and hold on tight so nothing falls through the cracks. Like I said it could take a long time, expect a long process. The money avail for commercial is tight big or small.
Any further questions I welcome you to contact me personally.
Hope we have been able to help you in making your decision. If you would like to interview me please just give me a call, I'd be happy to discuss any of your concerns in further detail at you convience. Thanks.... more