Sheryl

Thank you everyone for answering my question on how to sale my home quickly for a fair value in this market. A couple of things hit me, as I was reading each answer. First, my location may not be the best due to a neighbor who has a messy yard (working on that) second I put 20k into the house to spruce it up( hind site- too much money) This included a 6' privacy fence, new carpet, landscaping for curb appeal, new or newer appliances, everything maintaned and cleaned up. My appraisal is less than 3 months old, even so, I realize I can not price by that one detail. My home has show over 11,000 times ( so my realtor reports say - includes hits on virtural tour, realtor.com, realtor site, showings) I had 2 cash offers last year what I considered very low, (100k, and 105k) I guess in hind site I should of taked the offers, even though I would be 15k in the hole. The only financing available is conventional (does not qualify for VA or FHA) but the realtor found 95% LtoV for the potential buyers. Many people want the home, they just cant qualify or afford it. We do not even take contracts unless they are prequalified or cash buyers. We feel it is a waste of time. I am now thinking about hiring a property management company to rent it out until the market is better. I know this will lower the value of the home because of the rental useage. So any advice would be helpful. Should I take the next 105k Cash offer (hopefully this spring) or should I take it off the market and rent it out, hoping for minimal damage? - Sat Oct 6 2007, 05:44