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Home Selling in Morristown : Real Estate Advice

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  • Local Info4
  • Home Buying27
  • Home Selling4
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Activity 14
Tue Jun 28, 2016
MCM_STL answered:
By July you've largely lost out. The biggest pool of buyers is usually families who want to be settled by the start of the school year. There will still be people interested in moving after that, just not as many as in the spring and early summer.

There will also be fewer homes on the market which certainly helps but often not enough to offset reduced demand. I'm actually waiting until October or so to get serious about buying a house purely because of the lack of competition.
... more
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Thu Jun 9, 2016
Doug Servello answered:
You call a professional like me
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Fri Mar 11, 2016
ashley.d.rey asked:
Hi - i did not originally add the pictures of my property, as they were showing when i purchased it. that said, i would like to edit them. how do i do that? Thus far, i've only been…
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Fri Feb 19, 2016
Michelle Norton answered:
Hi Javier, I am a real estate Broker of 14 years and having a professional on your side can be more profitable and save you lots of time and energy. A buyer looking at a fsbo is looking to get a deal so who is really benefiting? Being my own Broker i can be very competitive with listing commission and offer great service and will get your home sold. Call me anytime, Michelle Norton, Revamp Property Services, 201 874 9757 www.revamphomes.com ... more
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Thu Jul 4, 2013
Elisa Buckley answered:
One more tip... make your home available for any and all showings. Answer showing requests promptly and be polite to the buyer's agent. It's a hassle to leave the house, but it's important that buyers can comfortably look at all rooms in your home. If you restrict showings to certain times and require days advance notice, it's tougher for buyer's agents to schedule your home for a showing. Don't let your home be eliminated due to showing restrictions (although if it's competitively priced and visually appealing, this will be less a factor). ... more
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Wed Jan 16, 2013
Debra (Debbie) Rose answered:
Sun Jul 29, 2012
Shalnee Arora answered:
Good afternoon Jane,

To retain the resale value of a home based on the exterior, it is important to remember that regular upkeep and maintenance is the key. If this upkeep includes replacing the siding and/or repainting or replacing the garage door, then this will hold some value in the eyes of a buyer. This may not increase the offer you receive, but it will hold the value in the price they feel it is worth. For example, if there are two homes that are exactly the same and your home has new siding, then the buyer will find your home more attractive and will find a greater value because of how well you have retained your home.

Shalnee Arora
www.ShalneeArora.net
917.853.2313 Direct

Coldwell Banker Morristown, NJ
211 South St, Morristown, NJ
973.267.8990
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Thu Jun 28, 2012
Shalnee Arora answered:
Good afternoon Dan,

When speaking of a group of homes in a general area it is important to note the differences. For example, if we are speaking of homes that are built by the same builder and each house boasts many of the same features (Hardwood floors, granite countertops, leveled lot, etc.) then the condition of the home is where the difference will lie. This is where you can add or subtract in order to get a more accurate feel of what price your home falls.

It is best to contact a real estate professional because we have all the tools and resources in order to assist you in the buying and selling of all your real estate needs.

Shalnee Arora
www.ShalneeArora.net
917.853.2313 Direct

Coldwell Banker Morristown, NJ
211 South St, Morristown, NJ
973.267.8990
... more
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Wed Jun 20, 2012
Jeanne Feenick answered:
I suspect that you are referring to township assessed. The relationship between price/value and township assessed varies by community - but I think it is fair to say that there are consistent relationships that can be seen among comps in a neighborhood/community. Getting more specific than that woud require further study of what you are looking at - but it can be done and the resulting data can be helpful as you evaluate properties and consider an offer and negotiating strategy.

Best,
Jeanne Feenick
Unwavering Commitment to Service, Unsurpassed Results
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Tue May 15, 2012
Jeanne Feenick answered:
I just had a transaction fall apart as the price escalated over asking and the seller wanted assurances that the buyer would proceed regardless of appraisal. Can't help but caution sellers on the potential uneasiness on the part of a buyer if the home underappraises - essentially that is an objective source opining on the value of the home. If it falls short of what you have agreed to pay, it can really undermine the buyer's confidence and enthusiasm -- even if they agree to pay the difference and have the resources to do so.

Best,
Jeanne Feenick
Unwavering Commitment to Service, Unsurpassed Results
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Sun May 13, 2012
Shashi Gupta answered:
There is no definite %difference between the sales price n the appraisal value in Norristown or any city in morris county . Appraisal value is done for loan to the buyer to buy that home and appraiser is appointed by bank. Bank wants to make sure home is worth for the loan so instructions given to the appraisal are tight. So now adays most of the time they appraise low. Same style house with exact same square feet can appraise different value as they have different amenities such as pool,extra bath,finished basement.....etc. ... more
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Wed Jun 30, 2010
Annette Lawrence answered:
Nibor, as others have stated, real estate professionals, at risk of losing their license, are PROHIBITED from discussing compensation in a public forum. It does make 'price comparison' a bit more difficult I know.

Contingency compensation, the model under which real estate agents work, is nearly ALWAYS negotiable. Some brokers do not allow agents to adjust the compensation structure. It is always helpful to the consumer to identify who these brokers are.

I would encourage you to not become distracted to greatly with the compensation but be really focused on the results. Your agent will share with you the delicate balance created in a buyer or seller market, profile of home and strategy to be used to achieve the results most beneficial to you according to your time frame.

My most frequent source of listing homes for sale are those buyers who went the discount route. Consequently, I LOVE DISCOUNTERS. In the overwhelming number of instances they simply add to the cost of selling your home.

Look for results and the strategy your real estate professional will implement to reach buyers in the inter-galatic and grass roots arena.

Best of success in selling your home.
Annette Lawrence
ReMax Realtec Group
Palm Harbor, FL
727. 420. 4041
... more
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Sun Apr 27, 2008
Jeffrey Halpern answered:
Denise:
I believe it is a great idea but very dificult to get approvals. Our office had the perfect location and upon further investigation was unable to pursue.
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