Sherry

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Sherry,  in Birmingham, MI
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Sherry's Questions (5)
Sherry's Answers (6)

Is it absurd to think you can get asking price?

Sherry answered:
Hi Scott. Thanks for your response. Yeah, it is tough out there for all the agents. I dont think we have ever seen a market like this. Geez I wish my offer was only 20K less! That would have been great! But I am negotiating. We will see where it lends up. My house is a 2nd home, and I it has a pool so I priced it agressively to sell during pool season. But fortunately I dont have to sell. My brokers open had very good response to the house as well as the initial price (before I lowered 25K) but if it doesnt sell, thats okay too. I dont blame buyers, its their time. - Sun Sep 7 2008, 20:31
JR, You didn't respond to what I said. You just stated the obvious about the market. Its not that complicated, and I get that. It is what it is. That has nothing to do about my comment back to you.

My comment to you was about your attitude about sellers that I quoted in my response. You are unprofessional in your comments and you just jump on whatever bandwagon is out there. When the market was a sellers market you loved it and were prob out there putting down the buyers. Of course the Sellers are upset about the house you convinced them to buy high at and now is valued below what they paid. Have a little tact and professionalism.

My comments are about your unprofessionalism as you hide behind your anonymity. - Sun Sep 7 2008, 09:47
"JR SAID":Sellers are now finding out how buyers felt when things were going crazy, but they aren't reacting correctly. When prices were going up, buyers realized they just had to pay more for what they wanted, and they did. Sellers are going kicking and screaming like children, telling us what they WANT to make, what they HAVE to make (because they owe), and how they aren't going to GIVE IT AWAY.

JR. Did you ever stop to think for a moment-- that the Seller's of today, where the Buyers of yesterday??? The Sellers of today, were the buyers of yesterday who HAD TO OVERPAY. AND YOU WERE THERE TO HELP THEM DO IT. Now you are a chameleon and are working for the buyer and knocking all the sellers. Seriously JR. Think about what you are saying. - Sat Sep 6 2008, 19:56
Sherry answered:
Keith, you know what they say when you assume? Well, just because I am asking alot of questions does not mean I dont have a Realtor, I do.

And WHY should I not want to be informed? This is a forum to ask questions, and if you don't want to answer you don't have to -- no one is making you. But to say that this question could be better answered on the WEB is ridiculous. Its actually a good question. I feel that some of my pictures on my listing actually dont look anywhere as good as they do in person. I WILL be speaking to my agent about this, of course. But it is something I really wanted to know how others feel about it.

Its not going to be easy to tell my agent I have taken better pictures and don't like his, but its what I am going to have to do in the interest of my sale. So, if I dont think the pictures are good , obviously I am going to go elsewhere that JUST my agent for advice on them. - Wed Jul 23 2008, 08:24
Sherry answered:
Oh, that's too bad that people would respond like that. I want feedback even if it is negative. Sure, nobody likes to hear negative things, but if you get enough of negative feedback then you know you have to do something. I feel it is a good tool for that purpose--analyzing the negative. Because obviously if you havent heard back from the buyer- they aren't interested. But the WHY is helpful to the seller as they might need to make changes to appeal to the masses if there are reasons they need to hear. And that change could make a sale for you as an agent in the future. - Wed Jul 23 2008, 07:19
Sherry answered:
I just dont think houses in the 400,000 and up range are moving quickly even if they are a good deal. And believe me, this is a good deal. There are still buyers with money and there are still homes in my area selling for 1,000,000. But really - it seems the buyers out there are looking for deals and steals. Houses priced in the 250,000 are what seems to be moving in surrounding areas. - Sun Jul 20 2008, 13:59
What would be the consequenses of it showing up in the history that I raised the price? - Sun Jul 20 2008, 12:53
I have had 1 showing in less than a week. I will discuss it with my realtor , but yes I was concerned about the history, but I feel 20,000 is not a big deal to a buyer, but to me it is. I still feel it is under value if I raise the price. If I dont, I will not negotiate at all on the price. I know buyers have to feel they got a deal also, so they want to take some off the price, right? - Sun Jul 20 2008, 12:32
currently listed at 440,000 - Sun Jul 20 2008, 11:15
Thanks JR. My house has only been on the market less than a week. I had a showing the very first day. No feedback from that showing. I only want to raise the price 20,000 and the other comp is still 20,000 over the new price I want to list at. I used to be an appraiser in a past life, so I know a little bit about it ;o) - Sun Jul 20 2008, 10:54
fyi. Appraisers need comps same style, within 6 mo, and within 1 mile. It is same style house in every way, SOLD IN MAY 2008, it is smaller than my house, BUT sold for way more than what we listed for (and my house is 800sq ft bigger). MY CMA actually had a house that was over 1000 sq feet than mine, so this one should have been used instead. - Sun Jul 20 2008, 10:28
Sherry answered:
The best thing to do is get prequalified by a mortgage loan officer. They can pull your credit and review it with you. Also figure out what payment (price range) you can afford. You might be a canidate for FHA. But only a mortgage loan officer can really let you know the answers to your questions after pulling your credit and reviewing your assets and job earnings. - Sun Jul 20 2008, 13:50
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