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Home Selling in Plainfield : Real Estate Advice

  • All141
  • Local Info11
  • Home Buying47
  • Home Selling5
  • Market Conditions9

Activity 18
Tue Jun 7, 2016
Sally Grenier answered:
Since you are the listing agent, you should be able to do this yourself! FYI -- nobody here on this Q & A forum can help you. Nor can Trulia. They just pull listings from the MLS through IDX feeds. You need to figure out where the incorrect photo was placed originally (probably your MLS?) and fix it there. ... more
0 votes 1 answer Share Flag
Tue Dec 8, 2015
Bob Brandt answered:
Mon Nov 9, 2015
Anthony Cavalea IV answered:
There are a few things going on here.

1) It's very typical when you first list a home to get a ton of activity. You're newly listed and the people looking in that area are going to want to view the home. As the listing goes on, you will get buyers that just started looking, which leads me to my next point.

2) It's November (you asked in October). The housing market typically does start slowing down now, and it was early this year. There are fewer new buyers and many current buyers are taking a break for the year.

3) Part of it could be the interior finish/condition. It's easier to get away with some cosmetic defects in 60586, but N Plainfield 60585 buyers tend to be pickier because the values are higher, different clientele.

A price reduction does 2 things: 1) will be automatically sent to active prospects on ConnectMLS (provided it fits search criteria), and other IDX websites where price update email features are enabled. So it reminds buyers you're still there and it gives you ac second shot at people that might have missed it before. 2) brings your list price closer to reality if you're overpriced.
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Wed Jun 17, 2015
Bob Brandt answered:
No. It may not cause it to sell anyway.
A multi-faceted marketing campaign is the key to getting a fair price for your property.
0 votes 3 answers Share Flag
Sun Jan 18, 2015
Benni.gholami answered:
I had my property for sale previously and the transaction took more than just a couple of months. Therefore, I would advise you to estimate and set aside roughly a period of 3 to 6 months for the entire deal to close. It also depends on other factors as well such as the location of your current home and the new place that you are looking for. Some locations are easy to get potential buyers while others might require a little more time. Hence, a safe time window would be 3 to 6 months for the buying and selling alone. ... more
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Wed Nov 12, 2014
Raymond Petric answered:
Many times the biggest issue can be price. If you're getting no showings in todays market, you're probably too high. If you're getting showings and no offers you're probably a little too high.
Location and condition effect the property price and a detailed market analysis of previous sales in the area should be able to help you and your broker set the price accordingly.
Buyers are educated with all of the resources online and very fickle. Now is a great time to be selling your home as in our area, as there is a shortage of inventory.
Hope this helps.
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0 votes 7 answers Share Flag
Sat Jul 12, 2014
Tammy Hayes answered:
If you have it listed with a Realtor, they can put the open house on the MLS and here on Trulia. If you are having an open house as a for sale by owner, that it cannot be listed here on Trulia. I would list it in the newspaper and possibly some for sale by owner sites and Craigslist. ... more
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Thu Apr 18, 2013
Arlette answered:
This could actually be favorable for you. Your house will stand out but there certainly are some downsizes in that it doesn't welcome buyers. Use it best to your advantage.
0 votes 7 answers Share Flag
Mon Apr 30, 2012
Amanda Pile answered:
I agree with Alan from Evanston.

First impressions are the most important when trying to catch a buyers attention. As you know, Trulia can find many homes in a general area in one fast search. If you do not have photos, or in your case have very limited, unappealing photos, then the buyer will make one simple click onto the next result and you have lost any chance of following on to a showing. Pictures should be the best of what you have to offer. ... more
0 votes 19 answers Share Flag
Wed Oct 19, 2011
David Foote answered:
Gary is correct. You need to discuss this with all parties involved in the contract through your respective attorneys. However, the reason you sited here, not being ready to move, makes me throw caution your way, and your attorney will advise of such also. Most closing dates can be moved up or back within reason. When you signed the contract you entered into that agreement on good faith that you could perform the sales contract as written. Requesting a change in the closing date is modifying the agreed terms of the contract. Unreasonable delays could become a problem for you: just because you ask everyone for an extension on closing does not guarentee that the buyers will grant your request. The buyers may have issues on their side whereby their landlord or their buyers must have possession by a certain date. Be prepared that YOU may have to be the one to find temporary housing. As Gary suggested, contact your attorney and your designated agent. ... more
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Sun Oct 2, 2011
Annette Lawrence answered:
HAFA is a US Government program that is facilitated through home mortgage lending companies. The answers you have read below are correct. Everyone stated you will need to hire a real estate professional.

Let me explain why. Applying for assistance through the HAFA program is just the first step in what may be a very long lived process with real consequences for you. Your real estate professional will guide you through the entire process so you will be in the most adventitious position regardless of the ultimate outcome.

This is a very emotional, very complex process where the rules are an illusion and nearly anything can happen. Having a seasoned professional along side will prove incredibly beneficial.

You have made the most important decision already. That decision was to take action.
Best of success in reaching the outcome most beneficial for you.
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0 votes 5 answers Share Flag
Fri Mar 4, 2011
John Walin answered:
Definitely on market sooner rather than later, now is good. I disagree with Jerry on cookie cutter/tract homes, cookie cutter are selling pretty well and easier to comp out when it comes to pricing the house right and appraisals whenever you do get a buyer. Those "unique" homes on huge lots or log cabin style, or extreme custom designed homes are hard to find a buyer for. The problem from a formal BPO, broker price opinion, is that you're in a remote suburban area and your primary competition is 20 minutes east. You need to get a solid projected net walk away number to make sure you are not close to upside down on the loan. You owe 1.5 years worth of taxes, all of 2010 and half of 2011 so that has to be taken into consideration. Interview 2 or three agents from agents that do postcards in your area. That means they arent shy about marketing their listings and wholly dependent on internet to sell the house. I am out of area, so I don't have a dog in this hunt. Best of luck! ... more
0 votes 11 answers Share Flag
Tue Jan 18, 2011
Jason Baez answered:
In Virginia the standard commission is 6% (7% in some cases). With all of the websites and information on the web, you should be able to gather all of the information you need about agents. Browse some profiles and do phone interviews. Then pick the agent that best suits your property and you "click" with. Show some initiative, and you will be rewarded with a great new professional relationship. Good luck. ... more
2 votes 9 answers Share Flag
Fri Jan 7, 2011
Suzanne Hamilton answered:
I agree - every instance is different and definately your Realtor should have a good answer for you. However, taking contingent contracts is very difficult these days. If you accept a contingent contract, your agent will need to indicate it in the MLS. If they do, most agents will not show your house and it will be difficult for you to get another offer. That's a tough one. I would have your agent do an analysis of the contingent buyer's house and see what likelyhood it has to sell in a reasonable time. That is a big factor.

You can set a time frame on any contract, closing date is part of the negotiation, but the answers below are right - if you take a contingent contract, you agree to that and you are on hold.
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Fri Dec 18, 2009
Nichole Lathus answered:


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Mon Dec 14, 2009
Tom and Joanne Team answered:

This is a challenging market and if you really want to sell then sit with your agent and get creative. There is a great tax incentive from the government for first time home buyers, and there are a lot of buyers in the market. I would suggest having a mortgage banker you do a lot of business with to come in and put together a financing package. Rather than reduce the price you may be able to offer a below market interest rate that might get a buyer off the fence.

I would also suggest confirming that your complex is FHA approved and if it is not putting your efforts in that direction. Over 50% of the buyers are using the FHA program and if your complex is not approved then you are missing out on a lot of buyers. There are many tactics you can try before reducing your price, but I will say if you exhaust these options without success then it may come down to reducing your price. Best of luck. Tom
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Fri Jul 10, 2009
. answered:
I list on the MLS through a flat fee broker ( $200-$400 more or less). Once your property is on the MLS, web sites like Trulia (and many others) will pick it up and display the same info and photos. The flat fee agent will redirect all calls to you. You can probably find one in IL by googling "flat fee MLS" etc. good luck! ... more
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Tue Sep 9, 2008
Patrick Beringer answered:
I don't live in your area, but I do have an answer for you. But Mark beat me to it, and much more eloquently..I would have said that you have answered your own question--Your price is too high. Your neighbor was listed at $315k and sold. You're listed at $329k and wonder why you haven't sold?

Zillow is a great tool for gathering information but is not a source of market value. Zillow will not come to your house and determine whether you have granite counters or a Jacuzzi tub, or whether there's a utility pole blocking that view.

Good luck.
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