Home Selling in Sugar Hill>Question Details

Michelle, Home Seller in Sugar Hill, NH

We are needing to sell fast in the Sugar Hill Area. We need to sell for what we owe.Any advice??

Asked by Michelle, Sugar Hill, NH Mon Feb 25, 2008

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I would need other information. What do you have? Any relevant information would be good.
0 votes Thank Flag Link Thu Aug 8, 2013
I would need other information. What do you have? Any relevant information would be good.
0 votes Thank Flag Link Thu Aug 8, 2013
This is a question that we get often. Unfortunately, what you owe on a house and what it will sell for are two totally different things and cannot be linked together. The market will pay what it thinks is a fair price for a house, which has nothing to do with what you originally paid for it.

Relate this situation to the stock market. When you buy a stock, you pay the current market rate for that stock, and when you sell it, again you get the current market rate at that time. The price of a stock when you sell has nothing to do with the price when you bought it.

If you are in a situation where the market will not bear the cost of what you owe on your house, you need to talk to you bank to see if they will approve a short sale. It does you no good to price your home at a higher than market value because you need a certain amount. The house will most likely not sell.

This is a very tough situation that many folks are in right now. Hopefully, we will be out of this down market soon and things will get better.

The best of luck to you,

Tom Schwendler, Realtor, Partner
Colby Real Estate, Inc.
New London & Warner, NH
0 votes Thank Flag Link Fri Nov 12, 2010
I was just cruising through Trulia and noticed your post about selling your house in Sugar Hill. I know it was a long time ago but also know activity in Sugar Hill has been slow for the past few years, depending on price level. If your sale has not occurred and you want to revisit ways to make it happen either with an agent or on our own, I would be happy to discuss it further with you. We have been discussing a similar situation with another owner in Sugar Hill currently in the same boat as you. Call or email if you wish for discussions on a difficult subject these days.
Web Reference: http://www.Lwre.com
0 votes Thank Flag Link Thu Oct 21, 2010
Wow, well, every real estate broker in the area answered you, and of course they say you need a real estate broker. I'm just a person who has bought some properties, sometimes with broker, sometimes without. You may want to give it a shot on a website like Craigslist, or one of the FSBO websites (picket fence, etc); I know I surf Craigslist all the time looking for people selling on their own (nowadays the brokers have discovered it and there are a ton of brokers ads there, you have to make clear in your listing you arent a broker, to get buyers to pay attention to you). A broker will set you back 5-6% right off the top, which may force you to a short sale, whereas if you sell it yourself, you know what you need to clear, and you might be able to do it. Good luck!
0 votes Thank Flag Link Fri Mar 13, 2009
Hi Michelle, I am a Realtor in Lilttleton, NH and am quite familiar with Sugar Hill. I would be very pleased to get together with you. Once I take a look at your house, I can prepare a market analysis. Then we can discuss what you might realistically be able to get for your home, and a good marketing plan. Please give me a call.
Web Reference: http://www.cbcovey.com
0 votes Thank Flag Link Mon Mar 9, 2009
Hi- You can check out the following link if you like. That's just one idea on how to gain more attention to your listing than the next one.
If you need any basic pricing help, I could help- and also note that there are many good websites that can help with home pricing, including Trulia. Good luck,
0 votes Thank Flag Link Wed May 7, 2008
Hi Michelle. Not sure, but from the way your question is asked it sounds like perhaps you are having difficulty with your mortgage. If it is more than the property is worth your lender might agree to a "short sale", i.e. they may agree to a sale at market value, but below the amount owed. In any event the most important thing is to find a real estate professional with experience in this area. If you need recommendations let me know
Web Reference: http://www.nhlakes.net
0 votes Thank Flag Link Sat Mar 8, 2008
Sugar Hill, NH? My best advice to anyone would be to get an experienced agent to list your home. Be sure it is someone you are comfortable with and someone who guarantees the best service or the option to be released from your contract.

Also, be sure to put your house in the best possible light you can. Declutter and CLEAN everything! Remove excess, personal photos and collections. Put stuff you don't need in storage like extra furniture. You want to make prospective buyers see themselves living in your house. NOT you living in your house. You can get lots of advice on this from a good REALTOR and by googling "home staging". I am writing a piece on the topic which will be up on my website soon. Check in in a few days at http://www.ballouhomes.com

Be sure to price right as well. Avoid "special" incentives like closing costs or allowances. Buyers are about the bottom line. They don't need gimics. If they need something, they WILL ask.

I could go on all day, but if you find you would like to hear more of I have to say, you can contact me directly. I am always happy to help!!! No strings attached ;)

Good luck!
0 votes Thank Flag Link Fri Mar 7, 2008
You will need a Realtor to take a close look at the market and see what homes are selling for in you area. This will give you an idea if you can sell for what you owe. There are many factors that play into the answer, i.e how long you have been in the home, do you have any equity built up in your home,etc. My office is close to Sugar Hill in Georgia if that is where you are and I would be happy to discuss your options. You can visit my website for more information at http://www.tinastown.com
0 votes Thank Flag Link Tue Feb 26, 2008
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