If the commission is 6%, 9% will most often serve as a close estimate of your closing costs. If you agreed to pay any of the buyers closing costs ad them to the 9%.
I hope you can buy something. This is the time.
Best of Luck... more
Yes, there are a LOT of renters out there!
If I were in your shoes, I would keep it, fix it up a little (tax deductible) and rent it out for a small loss, (also tax deductible).
You only need to re-coup $35,000; that will only take about 5 years at a 5% appreciation.
Talk to your Tax Advisor.... more
I'm going to assume nothing is going to change the neighbor's behavior, they are not cleaning up or moving anytime soon.
You can look into local code enforcement if they are in violation of health and safety. It will still need to be disclosed to a future buyer.
Can you grow some trees to hide the view?
Then the ultimate always works, drop the price to a price buyers are willing to accept the location.
All the best to you.... more
Lease Purchase AgreementsI sold a property in 38125 through via lease purchase. It was a rental. My experience investing in Memphis rentals out of state (hawaii) has been bad. After evicting a bad tenant, de...
We have gotten a lot of inquireries lately about Lease/Options,
almost all from Buyers who think that it is the easy way to buy a house:
We tell them that it is NOT!
It is a pit, fraught with dangers.
There is no "boilerplate" contract for a L/O; you will have an Attorney draw up the contract.
It can be written any way you want it to; any way you agree to.
It can be dangerous for the Seller too, because it locks you into something that will have work, 2 to 5 years from now.
Probably better than a Shortsale for a desperate Seller, however.
Good luck and may God bless... more
Pam, I am so sorry about your Mom passing,,, this is a tough time for you. Since you've been appointed as Executrix of the Estate you have some decisions to make. The best advice to give you would be to seek an Estate Attorney and meet with them. They will be able to guide you through the decisions as to the best steps to handle the estate the proper way and in the best interests of the Estate. This is a very difficult time for you to have to make decisions of this magnitude on your own. It always help to have an objective party help in circumstances such as these.
Again, my condolences.
Tina Evans, Broker
Cookeville, TN... more
If you have been in your house for 11 years you should have some decent equity in it so you may not want to go the route of selling to investors only. It is true it is not a good market for selling right now but if you sell to an investor you will not get anywhere near what you probably want to sell your house for. Also, please DO NOT contact anyone that has a sign on a post that is offering to buy your house for cash. They are not out for YOUR best interests. If you can it is best to consult with a realtor and receive professional advice on the marketable value of your home and then what you will need to do in order to buy another home. If you would like some help feel free to give me a call. Thanks!... more
It sounds like you have had it with your rental experience. Consider treating this as two different problems..First, do you want to continue with rentals. Secondly, you need a new roof....
Regardless of whether or not you decide to remain with your rental initiative or move on, the fact remains, that the roof needs to be replaced. It's likely that a home inspection for any perspective buyer will reveal that a new roof is in order.
It may be time to be in touch with several roofing contractors for evaluations and estimates and keep in mind that because you have had one bad rental experience doesn't mean all the rest will be the same.
Yes, many of them are legit, however most are not great deals for the seller. It is like selling your jewelry to a pawn shop. They are not going to give you even a reasonable wholesale figure in most cases. They are in the business of reselling at a profit.
With any large transaction, you should have an attorney look over your paperwork before signing anything.
Good luck to you,
Jo Shaner... more
REALTORS can't practice law, unless we are licensed to do so. We can discuss business matters in general terms, but we cannot make specific legal recommendations. The law of agency governs listing contracts. See: http://en.wikipedia.org/wiki/Agency_(law) for an intelligent, non-legal discussion.
It is hard to act as someone's agent if the principal doesn't want an agent or doesn't want a specific agent. Courts have generally recognized that agency is easily terminated with written notice. That doesn't mean hassle free or without cost. So now, here come the dreaded words: "You'll have to consult with a real attorney to find out what the practice and likely outcomes are in your local area."
If the agent hasn't done anything on your behalf, nor spent any time or money, you MAY be able to get out of jail free, but not always. Get some help. Soon.
Lana unfortanately there are far more fraudalent companies than there are legitimate companies. There are more scams trying to get you to sign over your deed and take advantage of your situation. Your bets bet is to get a listing agent who is expereinced in your area and your type of house. They will prequialify buyers, protect you from scammers and get your house in front of the most potential buyers. Be careful if you want to go at it alone, a good agent will more than pay for themselves with peace of mind, the best possible price and a quicker sale, good luck with your sale.... more
Using Trulia as a real estate resource is a wonderful idea that can be supported by listing it with a real estate professional. Contact your a realtor today and request a Trulia posting.
Good luck with your sale.... more