Just be careful with Craigs List and sites you are not familiar with. Have you thought of renting it out? If you want to try to sell it yourself, try For Sale by Owners, site to have an idea what to do and how to make your home sale. Think of how the area is and what a person is looking for. For instance, if people are into country style homes and your home has the decor that most wouldn't want, then make small changes. If you are overcrowded, rent a storage unit (preferable enclosed with climate control) to give the look and feel that it is more roomier inside. Realtors use someone to stage the house to look attractive and less cluttered. If you can, offer your appliances with the sale if they are in great condition. Small improvements can go a long way. Change the draperies or make your own for the decor of what someone would like in the area. If you rent it out, make sure you get that deposit of 1 month's rent + the rent, do a credit check on the potential renter, ask for business references, and their work situation on the form. You can get legal forms on the internet to have the renter fill out that you printed. If you rent it out, charge enough, make sure you can do your own repairs, and be your own property manager. Take the time to listen more than talk to get a feeling they are who you would want in your home. You could even consider driving by where they live to get an idea where they are coming from and can afford the rent. Decide if you will accept dogs and only certain breeds. I believe you can do this yourself by selling your home or renting it to a valued person with the proper free legal forms. But do check out FSBO (For Sale By Owner) free circulars and talk to those who can give you GREAT pointers!... more
A short occurs when a property is worth less than owed on the mortgage; in order to be eligible,the owner must prove financial hardship to the lender--the owner can accept whatever offer he/she wishes, but the lender decides to accept, reject or at times counter offer; the properties are sold as is. Do keep keep in mind that short sales are by no means fast sales. For flood map zones see link--
This home was built in 1977 and has likely had no updating since it was built, (so no inside pics). I've driven past it several times during the past few weeks. It does sit on the main main road tht connects Lady's Island to St. Helena and on to Hunting Island and Fripp. If you are interested in this property please contact me and I will be happy to conduct a preview and get some pictures for you.
Real estate value is based on what the current "fair market" and what the buyers willing to pay.
How did you come up with the $150K value? Did the subject property receive any offer since its been on the market? How long has it been on the market? What renovations have been done to the property? What is the subject property "uniqueness" that would cause the buyer to pay $150K during an overall declining market?
It appears the St Helena Island market is on an uptrend; however, sales prices have depreciated 38% over the last 5 years. Also, recent activities appear to be in the high-end type properties so how is the subject property compared to these?
If you are not working with an agent, I suggest you contact a local real esate office to obtain a comparable market analysis (CMA) for subject property.... more