I think it's all about personal preference. Some people like older homes for the "charm" and the neighborhood. These people understand that older homes may require more maintenance and upkeep, but would rather have a unique home in an older, established neighborhood.
Others don't want to do any work, and want a newer home, even though it may be in a newer "cookie cutter" type neighborhood.... more
There are many things that the City of Belleville will be looking for. You may call the city and have them mail you a copy of what they look for.
1) no peeling paint
2) windows must operate and stay open on their own
3) smoke detectors in every bedroom
4) carbon mononide detector within 15 feet of bedrooms
5) Ground Fault Curcuit Interupters (GFCI outlets in bathrooms, above kitchen countertops, outside receptacles, and inside the garage
6) no wire splicing or open electric junction boxes
7) no over fusing inside a fuse box - if curcuit breakers no "knockouts" open, no double lugging inside panel
8) no electric wires exposed (need to be in conduit)
9) door between garage and inside the home must be a firerated door
10) if attached garage the wall that adjoins the home needs to be firerated drywall and if living space above the garage then ceiling must have firerated drywall
11) 3" numbers on the house for 911 purposes
12) if gas furnace and water heater no copper for gas (hard pipe or the new "yellow" flex gas line
13) properly installed "sediment tube or dirt leg" for gas appliances (furnace,water heater)
14) no leaks under faucets
15) toilets must flush and have the "fluidmaster" brand (and not keep running after flushing)
16) no cracked or broken windows
17) need a smoke decector on every level of the home (including basement)
18) No keys needed to unlock an exterior door to get out of the home (in case of fire)
19) garbage disposal needs to have wire in conduit and not exposed under sink
Thats most of them!
Cracked walls? I'm not really sure, but I would try to have walls repaired depending how bad the cracks are, because you cannot have peeling paint, so if peeling then repaint those walls after correcting the cracks.
Paul Walker, Broker Associate
Realty Executives of Metro East
Hi Stephanie, I think you and your Realtor are doing just about anything that is possible to be done as far as I can tell from your description. Your Realtor possibly has posted your listing on various websites, possibly is also sending out flyers to area Realtors and does reverse prospecting on your behalf and you are not telling anything about Sunday open houses or Broker open houses for Brokers/Agents to tour your home, but then I do not know your area, your Realtor will know better whether Agents actually tour in your area or not.
I know of some areas in my area of expertise where Agents tour all the time, every week and then other suburbs where they do not.... So your Realtor will have to make that judgment call.
All I can say at this time is that this is just a very difficult market for sellers, lots of competing homes, not enough buyers either even wanting to buy, or cannot get a loan, or are afraid to lose their jobs, and they have a lot of properties to select. Your Realtor possibly can tell you how many properties have sold recently and how many are offered on the market in your area and surrounding areas in your size and price of property, and that can tell you a little bit how much inventory is on the market and how long it could possibly take for properties to sell within the next months.....
If your property is only 2 weeks on the market, just imagine that some other sellers have had their property on the market for 8 months, some for more than a year and more these days. I am not saying yours will stay that long, but let your Realtor explain to you how many months of inventory is in your town and the surrounding area, as buyers look here and there.
I wish you good luck and give it some time, I know it is difficult to be patient, but in this market we all need more patience than a few years back.
Take care and Good Luck to you.
Additional incentives to the agent who brings the buyer are helpful, but at the end it will be the buyer who will decide which home to buy, and Realtors should show all properties to their buyers without influence of add. incentives to them! Discuss this with your Realtor, may be assisting the buyer with closing costs may help,
and the 8000 $ tax incentive for first time home buyers should help .....
Edith YourRealtor4Life! Working always in the very BEST interest of her clients!
If you ever meet anyone moving to the city of Chicago or to any of the Northern or Northwestern subs
& the Northshore, send them my way!
In todays climate buyers of income property are only buying if the price is right. If you are in a market where prices are flat, or going down, like most of the country, the only way a buyer gets any return on the investment is if he gets cashflow.
In order to get cashflow, your rents need to be at or above 1% of your asking price. for example $1000 pre month rent on a $100,000 asking price. If you list properties at a price that they will cashflow, there are lots of buyers out there waiting to buy and lots of money around the country looking for thowe type of properties. If however, your property is over priced, meaning that it does not cashflow, it will sit for a long time.... more