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Home Selling in Red Bank : Real Estate Advice

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Activity 5
Mon Jun 15, 2015
thinz answered:
This question is best answered by understanding how much equity is in the home currently.
Equity is cash after the sale. If there is equity (an amount based on accurate appraisal valuation vs any outstanding loans), the question is how motivated are you to sell sooner vs later. If sooner, you may need to adjust your price down if no offers are being presented in the first 3 months. If later, you can be less aggressive with any price reductions, and just be patient as you feel out the market for a longer period. If you have no equity and are in a short sale scenario with the loans outstanding, then I would say anything over 9 months (without an offer is very risky...) A short sale needs to be priced aggressively to generate an offer as quickly as possible. If you cannot get an offer in the first 3 months of a short sale, reduce the price in increments to 1) establish a price history and 2) get an offer. In all scenarios, you need to have a cost-benefit analysis done based on your goals and your specific situation to determine how long you stay "unsold" in the marketplace. The analysis will also reflect how much cash reserve you have to continue paying your other expenses and loans, and should show the economic affect on you for whatever decision you make. If you provide more information., I can be more specific. Tom Hinz www.shortsaletosell.com ... more
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Mon Jun 15, 2015
thinz answered:
It is as good a time as any. In my opinion, I think now is a better time because the pack is getting thinned- unlike in a strong market where everyone jumps in to try and sell homes to make a high commission. If you get in now and stick with it, you will have an advantage for positioning yourself down the road - especially when the market does get stronger. Marketing yourself in a weak market for any business has advantages!
Tom Hinz www.shortsaletosell.com
... more
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Mon Jun 15, 2015
thinz answered:
If you want some advice on who to retain and what steps you need to take to prepare for the short sale process before you move forward, let me know.
I've worked with many agents and attorneys...I know the better ones that get the job done. Most agents will say they do short sales...ask for specific details on their results.
For example, how many short sales they handled for the past 12 months? how many of them resulted in the seller having to contribute cash at closing? what was the average amount of the cash contribution? how long did the process take? what they do specifically to adjust the listing price to generate a purchase offer?...etc. Many will say they handle short sales...Due your due diligence and make sure you don't get misled.
Tom Hinz www.shortsaletosell.com
... more
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Thu Apr 7, 2011
Joseph San Angelo answered:
Neets66,
In an earlier post I gave this web site to someone who was wondering which school systems were better. The web site is schooldigger.com and you can lokk at school ranking';s for any state and/or district in the U.S. ... more
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Thu Apr 29, 2010
Leslie Tucker answered:
Comps are an integral part of all Realtors ability to correctly price a home in todays market. However, I have always been a huge believer in assessing value of a home individually because they are all different and each has their own pluses and minuses. Comps help but are not the be all and end all to pricing a home correctly for the market. Also proper and aggressive marketing to pinpoint your homes correct market audience is integral and an agent needs a strong marketing toolbox. I would be happy to review my marketing capabilities and the strength of correctly evaluating your homes market value. Please feel free to reach out to me. My office is in Red Bank. Thanks so much. ... more
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