If the listing is through Equater I find it easier to deal with than the traditional call made on a daily routine. I would have your agent that you are represented by, prepair a CMA and have the listing agent send it to the negotiator, secondly I would ask them to do a BPO [Broker Price Opinion]. As long as you are within the BPO their is no reason for the bank to not go forward with your offer. You may also send in a addendum increasing the price by a bit.
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Rental properties can be a fantastic investment- especially in a time when investment accounts and 401ks are not paying much of anything.
I would say if you can swing keeping the property (making sure you have enough for vacancies, mortage, insurange and taxes as well as some maintenance expenses), its well worth considering. Another option would be to refinance to pull money out for a down payment on your new property. Keep in mind, however, that most lenders will only consider your rental as an investment or income producing asset if you have at least 25% equity in the property. The market prices are relatively low right now, so if you are able to hold on to this property it could be a good source of future revenue/income down the road. zilpy.com is a great website that will allow you to see what your home could rent for.
Summa Real Estate
Location, location, location! The one thing with your home is that this will not change. So creativity with marketing your home will come into play . Depending on your situation, I would say that you have a few options. Are you in a situation where you HAVE to sell? It is currently a buyer's market. This means that buyers know that they have MANY options to choose from, and will be that much more picky. They could most likely find a home in 97229 that backs up to a quiet greenspace (just looked at one today). One question that I like to ask sellers is: What drew YOU to purchase this home? If the highway existed when you purchased it, what made YOU overlook the noise that other potential buyers seem to find as a drawback?
One solution could be taking a look around. Have all upgrades been done that your home and budget can allow? If not, which ones are most worth doing? Have you tried staging? Having a professional stager can possibly cut the time that your home is on the market by 50% (compared to non-staged homes). Check out what has appealed to the buyers of the homes that were staged by this company: www.connectingpeopletospaces.com. Is there a particular room in the house that you could do upgrades to or stage that would make it stand out above the others? I feel that even in a buyer's market, where there is a will, there is a way. If you or your broker would like to forward me your MLS#, I will keep a look out for potential buyers that may find other values in your home and overlook the noise.
I wish you luck with the sale of your home.... more