Hi Mary,
Greg and Jan below make great recommendations. I look at three main factors when advising on price: the home, the home's specific market conditions, and the seller's goals. If you have a home in superior condition, you're in a seller's market, and you have more time to sell, then listing your home at the top of the range can be a good approach to get the highest sales price.
If, however, you are competing with many other available homes (more buyer choice), and your home is comparable, then you can do best by pricing your home below the competition. In other words, be the best value to attract the few buyers that are out there.
What is the current market conditions for your home? How does your home compare? Consultation with an agent who knows the local market can give you the best advice on pricing.
You can see a video market update for Montgomery County at the link below. Hope that helps.... more
Oddly enough ,I was in this position , but as a buyer.I can tell you it did not make a bit of difference to me.The entire family on the seller side attended settlement.One member did seem emotional but I took it in stride.Six yrs later I still reside in the same home and we wave to each other daily before we are off to work.Hope this is helpful ;)... more
I want t add my parents condo is located in Hendersonville off Greenville Highway. They interviewed two Realtors who suggested prices between $239,000 and $275,000. That is a big difference. They just want to sell this condo as quickly as possible and move closer to their family in TN. Are there any Realtors in the area who are willing to do more than to enter a listing to MLS and then just wait?... more
Mary,
Agents are prepared to provide you with a market analysis to support their recommended listing price. In addition to this information it may be beneficial to request sales information on ALL of the recently sold property in your location. In this way, you will be able to evaluate the entire local market for yourself and be able to check the agent's value numbers.
Going into listing your property should also include an often overlooked request for a written copy of the agent's comprehensive marketing plan for selling your home. This will serve as a valuable tool for understanding everything your agent and their company will be doing and a means of keeping track of what is and isn't being done.
Hope this is helpful.
Bill... more
While the commission paid to a broker to sell a house is purely negotiable -- just like everything else in life, if you have the skills -- what I've seen in the San Jose market is a range of commissions from 4% to 7%. It all depends on what you want to achieve.
Selling real estate AND closing a deal is tough work. Otherwise, few us of would be needed. If you are familiar with the process and can make the sale easier on the broker, then I can imagine you would be able to negotiate a lower rate.
But, just getting a low rate doesn't automatically mean you'll save money. You may just pay it another way, with lower offers.... more
Violet,
Commissions are a hot topic. Company A says, "I'll do it for less" Company B says, "You get what you pay for" another company tries something else. Commissions are a fact of business; it's how we as agents get paid. Here are a few things to keep in mind as you consider all of your options.
1. A commission is only paid to the listing or selling broker if a deal is agreed to. As brokers we put our money up front in terms of marketing, gas, preparation, etc in anticipation of achieving results.
2. Commissions are competitive. Ask your agent what your competition is offering the buyers agents. If your home is less competitive than others, some agents will not show it or if they do may persuade their clients to offer on other homes where the commission is higher. This may not be appropriate but to deny it happens would also be inappropriate.
3. Paying more or paying less does not guarantee results or savings automatically. There are companies or individuals who "sell low commissions" as a means of earning business. Sometimes a reduced commission can save, but not always. Other companies or individuals infer greater service and charge more, but don't always live up to the concept.
4. A great agent/broker is worth more than just their commission. They will save you more than whatever fee you pay, keep you safe, keep you legal, get you sold in less time and at the top dollar possible.
5. A bad agent/broker will cost you more than just a commission with lost sleep, legal, ethical and moral dilemmas that are entirely avoidable. They may not get your home sold and if they do, following their advice may cost you time and money.
Find the best available agent to represent you and keep track of the buyer's agent and you will do well. I hope this helps.... more
An Appraiser told me that pools have a very stong curve on the value;
A new pool, with tiers, waterfall, extras and good quality, will increase the value of the property and the Appraiser take this into consideration.
However, the value drops off dramatically with very little age, to the point where they DEDUCT if the pool is over 5 years old: The main reason; all pools leak, and older pools leak a lot!
You won't know whether you new Buyer wants a pool, or not: Usually, people won't buy the house if they hate a pool; so it will filter itself out.
The majority of the time that a pool gets filled-in, someone is sorry, down the road.
Good luck and may God bless... more
Sounds like a nice investment property. I have (4) residential investment properties, (2) of which are (3) famiily homes. I am also a Realtor with ReMax. So I know the joy/pain of owning as well as marketing investment property.
You are right. Being a long distance owner can be a big problem. And with a (3) family property, you have the added burden of having State Inspections!
Recently, I closed on a 3 family in Lyndhurst and a (2) family in Boonton for my clients. The tenants are always an added challenge to the process of Selling. There are always financing issues in Investment properties. And again, there is the State! We managed to navigate through all those issues to a good outcome to both parties.
Let me know if I can help.... more
Sounds fishy. You need to check your listing agreement very carefully. There are clauses there about how long the home will be on the market and what will happen should you break the contract.
From your question, it is hard to detmerine whether you broke the contract or not. I have heard many things in my days, but to insist you apologize to buyers is ludicrous. I recommend sending his nasty emails telling you to do that to his broker. If necessary call his broker. That is your next step.... more
All 7 of the previous comments are good advice. Please contact an attorney to give you some assistance. I've been in real estate for over 40 years, and giving possession at closing on an occupied house is always very tricky. If it's written in the purchase agreement that the seller has to pay the buyer a per diem rent for X number of days AFTER closing as long as they can stay in the house for those number of days, at least it will prevent the inconveniences you are suffering. Hopefully things will work themselves out in the next few days to a week. It is not that unusual this time of the year for lenders to get bogged down with documentation. Best wishes and good luck.... more
It is always best to list with a broker, because eventhough you will have to pay their commission whcihc is usually 6%, you will be able to sell your listing at a higher price, since you will get a global exposure. And most of all. they will filter the good and solid buyer from the not so solid buyers.
Good Luck!
fern Hamberger
fhamberger@citi-habitats.com
646-660-0060... more
Everyone situation is different depending on year purchased, any gains on the property, short sale or foreclosure. You should contact a tax professional to find out what is best for your scenario. Good luck and please let me know if I can be of further assistance.
Eddie Holmes, Broker
520-661-5340... more
Stacey, what a great time to list your home! Contact me so we can get a true value on your property to get it listed and sold so we can find the prefect new home for you and your family. I would be happy to show you our marketing plan to help you keep more money in your pocket.
Thanks
The Davis Team@
Southern Classic REALTORS
770-833-5965... more
Kathryn,
I would do a comparative market analysis for similar homes (like 3 bedrooms, 2 baths, lot size, convenience of location, amenities etc.) in your neighborhood, showing the average selling price for those homes in the last few months or within the current market conditions. This would place your price within a ready sellable range.... more
Very subjective question. Do you like red or white wine? Similar question. I prefer to show a home vacant but to answer your question I dont think it matters. If it is cluttered and filled with stuff, different story.... more
I have seen buyers who dont like stucco? Go figure. If you were my seller client I would council you to do no work, price it right and let the buyer decide how to change appearance of home!... more