Hi there. Here is a link to some sold comps. http://MAXEBRDI.fnismls.com/publink/default.aspx?GUID=b264854a-a6f4-4963-9fe6-982600c16b8f&Report=Yes
Inventory right now is very low and houses are moving quickly. There is endless speculation about what the future holds. Talk of more bank foreclosures flooding the market, rising interest rates, the bad economy. Nobody knows really. Right now, it's a sellers market like we haven't seen for a long time, so for this reason I like now rather than the uncertainly of later if you really want or need to sell.
Personally I feel we've hit bottom, so if it was me, I wouldn't really worry about the market going down much further. It's a risk I would take. Also depends on your own situation. Are you going to be in the area for awhile? can you afford the payments? if so, I vote for you stay where you are. Just one Realtors opinion.... more
Cindi, There are agents who make the promise to buy a home, however there are a lot of other
"stipulations" that are in the fine print. For instance, they do buy it-- at a discounted rate, still receiving their commissions, further discounting the property- and usually they have to buy their next house from you- and it must be one that THEY have listed (chances being VERY slim that you would have their "dream home" listed.
However, if it is a home you would like to buy- why not just go ahead and buy it- without doing the time consuming "dance" of listing and marketing it first? Why waste the time? Take your discount, and if you think it is a good investment at that discount- enjoy the new property!
There's actually an interesting twist to all the foreclosures that have been happening. Namely, the rental market has heated up due to new demand by those displaced. The assumption of a negative effect may not be correct. I like using Craigslist as a rough barometer for a rental market. I only found one listing in Windemere [5bed/4.5bath/3700sf/$4000] http://sfbay.craigslist.org/eby/apa/733391398.html
The decision to rent by owner or use a management company is personal choice best made by reflecting on your experience and available time to manage.
Steven A. Ornellas, GRI, ABR, e-PRO, CMPS, RE Masters, MBA
REALTOR® / Mortgage Banker-Broker / Certified Mortgage Planning Specialist
Steven Anthony Real Estate & Financial Services
Expect Excellence. Get What You Expect.™
http://www.Steven-Anthony.com SteveO@Steven-Anthony.com... more
Rather than focus on commission, I would suggest you focus on results. The value of getting where you need to be, sooner rather than later, can overcome any benefit of paying a reduced commission. The old adage is true, you generally get what you pay for...and you want to pay for results.
As you well know, a skilled negotiator can save you money by negotiating the fine points of the transaction. I'd love to speak with you further. Meanwhile, please check out my website at http://www.BestTriValleyHomes.com and my blogs at http://www.VickieSellsHomes.com. I think you will find that I am a local resource that merits an appointment.
All the best,
(925) 407-7987... more
Yes, this will work, if the agent uses a seperate entity or name under which the item is listed on the HUD (i.e. Short Sale Services, LLC). If not, it is hard to get a mitigator to pay what they see as an 'extra fee'.... more
I've never listed or sold such a home, but there is a home in Scottsdale that has turned over a couple of times in recent years (currently on the market after extensive renovation) with a not-so-distant grisly past. Welocals refer to it as the "Torso Lady House." That's because about five years ago, a well to do socialite (complete with her own downtown Scottsdale beauty shop) chopped up her husband on the premises. As you can guess by the moniker, the body was found scattered about town in pieces. I live about 5 minutes from the property, so I can't help but stare everytime in drive past. I always wonder if buyers ask the agent, "This isn't the torso lady house, is it?" The current owner is in fact an agent, so I wonder if he even knows the story behind the "great buy" that he got!... more
This sounds like a great idea. They will spend the time and energy dealing with the banks. Definately less time on hold and being transferred fromd department to department. I would be curious what their track record is in closing these transactions. Do you have a company in mind?... more
Absolutely. Twilight open houses do well in the higher end communities in my area. That is largely because these are the properties with killer city light or mountain views (picture the sun going down behind the mountain while serving wine and cheese on a back patio). I think they also serve high end properties well because they have a feeling of exclusivity. Not to mention the break from our afternoon heat. I find that we get better turnout from brokers than actual buyers at a twilight open, but in this niche, that is just as effective. The buyers for such properties are highly likely to be working with one of the big hitters in attendance.... more
You know better, Cindi! It depends! Depends on the type of park, size of the park, the target buyer, etc. If you have a property geared towards families, it will most likely be a plus. Provided that the swing sets and jungle gyms are not right next to your master bedroom window! And, of course, provided that it is not a run down drug infested cesspool of a park. If you have a 1 bedroom/ 1 bath condo that is geared to the single professional, I'm not thinking that a park will be a positive. Everyone likes buffer space from their neighbors, but sometimes it's not really a buffer (i.e. kids playing in the park). In AZ, lots that back to natural washes and open common area generally command higher values because there is not a lot of pedestrian activity. Pretty to look at too. Parks are a wildcard.... more
I have a few. None are really appropriate, but I'll offer a quick one anyway. I once walked into a vacant house that wasn't so vacant. There was a couple, eh, coupling. I didn't ask any questions, just turned right around and left. Fortunately, I was only previewing. Got a little more than a preview, though.... more
I think it has to be a very special name before it makes a difference in selling a home, especially when there is certain meaning for a specific cultural. Usually it is for superstitious and if it is perceived as bad karma then people might steer away from that.... more