The buyer will not purchase the property unless they get free and clear title to the property. They cannot get free and clear title to the property until all outstanding loans and liens are removed or resolved.
Good luck,... more
I am sorry for the loss of your mother, and I am sure this is a difficult time for you. I would advise you to speak with your accountant or financial planner and a good Realtor in your area. If you can rent out the home and your rent will cover property taxes, maintenance and insurance then you may choose to wait to sell. But, if your primary goal is to not have to deal with these things and there is equity in the home, selling now may be your best bet. It is hard to advise without more details, but I think an area agent will be able to provide you with comparables, rental information and a clue as to what list price will garner the quickest sale (as well as what you may need to do to get it in the best shape for sale). Ultimately you need to look at all the facts to make the best decision.
Best of luck to you,
Rachel LaMar, J.D.
LaMar Real Estate, Inc.... more
The average days on market is an interesting question that we have had quite a few of today.
What you should know is that a do NOT work your market, but I do have some tips for you.
Homes that sell in the first 30 days of market time sell closest to asking price.
The longer a home is on the market the greater the difference betsween asking and selling price.
In My MLS homes that sell in a month sell for 98.3% of asking. After 120 days they sell for 93.6% of asking...that is probably AFTER a price reduction.
So a properly priced home, properly marketed will sell for the most amount of money in 30 days.
Ask a Realtor for that precise information...however I do not think that factor alone is helpful.... more