Chris Aldridge

Timisha-

I understand your frustration; it's tough when a Seller isn't getting offers on their house.

Is your house listed with a Realtor or are you trying to sell on your own? If you are listed with a Realtor and in the local MLS, your prospective buyers should have been prequalified by their agent, and they're probably legit buyers. If your condition and location are good and you're not getting offers - price is usually the issue.

If you're trying to sell on your own and not receiving any offers, it may very well be a marketing/lack of exposure problem; the qualified buyers don't know about your house. It's becoming quite difficult to sell by owner in this type of market without using a professional. The vast majority of "buyers" who contact a by owner are NOT qualified to purchase for a variety of reasons. And again, price is usually key and has to be thoroughly evaluated by a professional with a track record in your area.

Buyers use comparison shopping when purchasing a home. There’s a lot to choose from in most markets AND houses are still selling.

If you are trying to sell by owner and want some ideas on how to get it done, just call me; I’m selling properties in the Milwaukie area on a regular basis. If you're with an agent, discuss what they're doing to market your property and have them give you an updated CMA - based upon this market; not last years...

Best of luck! - Yesterday, 13:32

If you have a specific address in mind, let me know and I will email the info to you.

Best of luck!

Chris
Portland-Homes@comcast.net - Fri May 9 2008, 21:26

Best answer: seek legal counsel for advice on how to structure the agreements, title, etc. - Tue May 6 2008, 10:48

"Realtors like to inflate the square footage...?" Hmmmm... we do? Actually, depending upon which city and county the property is located in, you will usually find that 10-30% of the properties have inaccurate measurements in the tax assessors records.

Realtors(R) are bound by state licensing laws and subscribe to a Code of Ethics which very clearly specify the importance of providing accurate information to the client, the consumer and all parties involved. To inflate the square footage strikes me as misrepresentation and/or fraud... - Wed Apr 30 2008, 15:22

There will always be deals out there. After 19 years as a Realtor, I have seen more than one buyer get into financial trouble because they put the cart before the horse and over extend themselves. If you are not in a position to make two house payments... you already know what you need to do. Yes, there are several options that might put you into your 'dream home,' and several of them - while legal - can put you into a very precarious financial position.

Handle the sale of your first house first. The good news is: while you may have to reduce the price on the sale of your property, you will very likely make it up on the purchase of your new home.

Best of luck! - Mon Mar 31 2008, 12:09