Finding a "top agent" for a neighborhood isn't really a must have these days. Inventory is so low that any property stands out and goes for top dollar. For example, Columbia Heights properties are selling for 101.5% of their list price right now.
What you need to find is someone who is the best match for you - personality, congeniality, dedication, drive. If you go for the agent who does the most business in CoHi, then you might just be one of many. Another cog in the machine. You might even get handed off to an assistant for most of the work.
You also need to find an agent who knows how to market properties. I do all my marketing myself so I don't have to wait for a graphic designer to get to me. And quick turnaround is the name of the game in today's market since the average property in Columbia Heights is sold in only 24 days.
I'd love to talk to you about how I can help you. Please let me know what I can do for you.... more
There are a number of factors that you should consider. Can you get enough for the rent that you will cover mortgage and expenses? Is this an investment property or your principle residence? If you sell, what is your competition in the area?
If you'll email me with your address and some more information, I can look into it for you and help you with your decision. My email is Tiny@TinyVarner.com.
If the property is in Washington DC; there are very strict and tricky laws in regards to the sale of a property with tenants. TOPA (Tenants Opportunity to Purchase Act); is the law of the land in which certain notices and time frames must be adhered to. Tenants must be given the chance to purchase the property and the proper documentation must be used.
Feel free to email or call us with the specifics.
James T. Downing
Metro DC Houses Team
REALTOR, GRI, ABR, Certified Military Residential Specialist
Licensed in Maryland, Virginia & Washington DC
Updated kitchens and baths will stand out in a listing. Typically the buyer is not interested in spending more money to improve kitchens and baths and will usually miscalculate the cost. They want that expense and any remodeling issues over and done with. Keep in mind how your property will stack up against the competition; a fourth bedroom converted from existing space but not necessarily a fifth could be a value add, opening a room by removing a non-load bearing wall is not expensive but can create a modern feel.... more
Although it's natural for homeowners to be curious and want to stick around when their property is being shown, it's best to make yourself scarce and let the agents handle the showings.
This is true for a number of reasons:
1. You might not like what you hear. Prospective buyers may think your wall color and carpet choices are "hideous" or think your perfect home is a "total gut".
2. The prospective buyers might not like what they hear from you. Say the wrong thing, even for the right reasons, and you may send a potential buyer heading for the hills. Or worse, give them a nugget of information they will use to their advantage in the negotiating phase.
3. You want potential buyers to start visualizing themselves making this their new home - not moving into your old one. So you need to vacate the premises - both physically and metaphorically. Depersonalize your home as much as possible prior to the first showing. Take down the baby pictures and clear your fridge of Grocery Lists and gas receipts. Sell the dream, not the day-to-day.
Your goal is to sell your home and move on. So start moving on emotionally before you even put your home on the market.... more
Hello! The first approach would be to have your Realtor prepare a Comparative Market Analysis (CMA) which is a comparison of similar properties with the same features, bedrooms, square footage and located within the same neighborhood as the property being evaluated. After reviewing this data you and your Realtor should be able to determine a price point for the subject property. There are other statistical models available to also help to narrow down a price range based on renovations, added features, etc. This evaluation process should target a price point for the property. After the property is and a purchase offer is received the buyer's mortgage company will order an appraisal of the property to determine if the property is appraised value matches the final agree upon sale price. Good Luck with your property value evaluation and establishing a realistic price point for the property. If you additional information or assistance please do not hesitate to give me a call or send an email....... more
Al, I think it's important to make a distinction between listing photographty and video.
Professional photography is probably the most important element of any marketing plan. I'm a good photographer with some great equipment, but I have all of my listings done by a pro. The photos are important for both the listing and for the brochures that the we put together.
Video, as it is used by many agents, is merely phtots that are loaded into a program that pans the still shots and plays weird background music. My firm has access to it, but I'm not totally sold. It's slow to load and hard to watch. And the agents who do come in with a real video camera - well there is a whole lot of really bad video out there. Even some of the professionals do a bad job of filming homes. It's sort of a new thing.
Video is supposed to iincrease SEO, but so will properly syndicated still shots of a property.
So great photos are crucial. Video is still more of a gimmick - oh, and one that I'm starting to get into. But, like my colleagues, I'm not ready for prime time with video - either for listingts or blogs.
Evers & Company
firstname.lastname@example.org (email)... more
A good rough calculation is between 4-4.5% of the sales price. if your loan has points (aka loan origination fees) they will be in addition to the above percentages. Your RE agent has a form that can break it down for you.... more
I can refer your to the top agents in your area through our relocation department. If you would like for me to put you intouch with someone, please e-mail me at Pat.Lynch@ERA.com or call me at (205)616-4100.... more
I love being asked about Ways to Increase a Homes Value Before Selling! As a Realtor and an Accredited Staging Professional it's a question that hear almost daily. The answer is simply that improvements come in all shapes and sizes and can accommodate almost any budget. I'll start from the top with a few good suggestions...
Kitchen: This is the room that is at the top of ever buyer's list. Improvements in this area tend to be a little more costly but have the greatest return. Cabinets should be clean at a minimum. If you are planning on remodeling consider real wood over laminate, add some frills (wine rack, spice rack pull out, etc), and moldings add a finished detailed look to any cabinet.
Appliances: New appliances are a great upgrade and a big plus in the buyer's eye.
Counters: Countertops throughout the house are a nice upgrade too. Consider natural stones as they tend to have a broader appeal.
Easy home improvements that can be done by the owner and are gentle on the budget include: Fresh paint...it looks clean and smells good. It also clears out most odors in the home that are due to pets, cooking, and smoking. Consider changing plumbing fixtures and faucets in baths and kitchen, and lighting fixtures too. These are so easy and very cost effect updates, and they are very noticeable.
Curb appeal, your front door, and windows: Clean your windows inside and out. Nothing blocks out the sunlight and screams 'dirt' more than years of pollen, spider webs, and bird poop on windows. Screens should be cleaned too (and preferably removed and stored altogether for showing). Invest a little time and money into making the walk up to the front door pleasant and inviting. Flowers, stonework, fresh paint (no chipping), and healthy shrubbery all say, "Welcome!...I care about my home!!".
As an Accredited Home Staging Professional and Realtor my mantra has always been, "First Impressions Last". The first few seconds that a buyer sees your home will leave them with a lasting impression. With a little effort that impression will be that you loved, cared for, and updated your home. That's an impression you can take to the settlement table!!
Whether a homeowner is selling or staying, I love helping people get the most out of their home. If you have questions about home values I am always happy to help! Give me a call anytime.
Realtor, ASP, SRES, SFR, CDPE
Keller Williams Realty
Licensed in Virginia & Maryland since 2001... more
You say the unit is for sale for less than $60,000. The list price is irrelevant. It's the SOLD price that affects the other units for sale. Once the unit listed for $60,000 sells, the price it sells for will be used as a comparable property for the pricing of the other units that are for sale. If the $60,000 unit is underpriced to get a quick offer (some agents do this in the case of a short sale ready to be foreclosed on) it most likely won't sell for $60,000 if the current market value is higher.
Your challenge--as you've noted--is that you're not likely to net $17,000 on the 1 bedroom condo in Dupont Circle. If you can e-mail me the address, I can tell you what it9;s currently worth. (Not trying to get your business, since I'm not licensed in D.C. However, I'm very familiar with D.C.--I lived in both Georgetown and the Logan Circle areas, and my sister owned a condo right on Church Street near Dupont Circle.)
So, the hurdle you've got is the Dupont Circle condo. It's easy for an agent to submit an offer quickly--that can be done in a matter of hours.
One suggestion: There may not be too much you can do creatively with the Dupont Circle condo, but there are a number of ways to get creative with your offer on the new place you're looking at.
And I'd be glad to refer you to a Realtor in D.C.
Hope that helps.... more
Help your broker out with comps and any information so they have every piece of information as to why the appraisal is low. I would also find out from how far away the appraiser came. We all have a problem with out of market appraisers coming into markets they don't know and shouldn't be working in. Be detailed and specific about why they were less desirable sales. Have you seen and reviewed the appraisal also? Only you may know certain things to make sure the appraisal is as accurate as possible. Also your loan officer can't speak to the appraiser directly but you can. Run that one past your loan officer first but all is not lost, stay on them and fight! Good luck and I hope this was helpful.
Senior Loan Officer
1ST Mariner Mortgage
Lending in all 50 states
Your best bet is to use price per sq ft approach. I would find out the average price per sq ft in your neighborhood, and multiply that by the size of your studio.
Zaza Pasori | Realty Resource, LLC
Home Office:2722 Connecticut Avenue
NW 72, Washington, DC 20008
Equal Housing Opportunity
Principal Broker: Realty Resource, LLC 715 Tonquin Pl, Leesburg, VA 20176