I think it may be time to discuss a short sale. The idea is to get the bank to agree to take an amount less than what they are owed. Talk to a local broker that is familair with short sales who can assist you through the process. This is you best way out.... 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
First of all ASKING price is not the same as SOLD price - if you want that let me know. Otherwise see the web reference link to see all land available currently in Schaghticoke ... it might give you an idea for asking price. However, make sure you compare apples to apples - ie, is it an approved building lot, has a survey been done, what type of well / septic system will be needed and is there approvals in place for them?... more