You need to understand that real estate websites (like Trulia, Zillow) are limited with search filters. Realtors who own the MLS have far more search filters than public websites do. Realtors intentionally refuse to list whether rentals accept pets or not because they want you to call them. If they list everything the MLS has, then it means consumers won't call them and they will lose business. Therefore, realtors leave important information off their listings. Examples: whether pets are allowed or not, HOA fees, co-op maintenance fees, etc.
You need to contact some realtors and have them email you listings that accept small pets.... more
Since short sales and bank owned properties end up being listed by a broker, consider working with an agent of your own. Keep in mind that not all foreclosures are such great bargains, therefore during your search don't overlook some traditional sales, as some may be better buys. If you are interested in the Great Neck area, MLS is currently showing two short sales as available, one listed at $399,000, the other at $499,000. Also check out www.mlsli.com and if you need additional assistance feel free to contact me directly.... more
Homeowners who do not lower their price at the advice of their realtors, may not have to, because they are not REAL SELLERS! If they do not get their price they will stay. They are playing with the buyers and their agents! However, many who had bought at the top of the market and really need to sell, but cannot fathom selling for less than they cost paid or cannnot afford to sell at such a loss. Many know that the banks are not going to foreclose on them as quickly as they did in years past or they might negotiate with their bank for a modification of their loan or they are waiting to see the maket turnaround. I am not convinced this is going to happen anytime in the near future. My best guess is 3-5 yrs. This country has many issues to resolve, housing, banking, healthcare, wars, etc. and the gov't is navigating, what they think will be the best possible solutions. However, who is going to bail our gov't out of debt??? Someday the Chinese/Japanese will not buy us out of our debt problems, then what will we do? This country needs to learn to spend less than what we take in and keep a disciplined watch on their finances. Unfortunately, human Greed and self interests have always ruled this environment; but we must move on and be realistic in our thoughts and values.
Homeowners must realize that what they could have gotten 2-3 yrs ago isn't going to happen and us realtors need not take a listing that is unrealistically priced in todays market. More important, when the bank comes in to appraise the property, they will not do this willy-nilly. They are very conservative in our current market and will not lend out more than THEY THINK IT IS WORTH. SO SELLERS BEWARE!!!
You are better off pricing just below the current value of a similar home whether it is in Great Neck or anywhere else, if you want to receive activity leading to an acceptable offer that the bank will agree with. Also, there always well be exceptions to what I have said, but not too many! If you need assistance, feel free to call and you can search out property 30,000+ listings here and abroad on our websites below.
Philip A. Raices, Pres.
Licensed Real Estate Broker Consultant
G.R.I. (Graduate Realtor Institute)
Turn Key Real Estate
7 Bond St
Great Neck N.Y. 11021-2414
â€œService, Before, During & After The Saleâ€
IF YOU ARE UNABLE TO KEEP OUR APPOINTMENT, I ASK THAT YOU GIVE ME A COURTESY CALL TO MY CELL LISTED BELOW, AT LEAST 3 HRS BEFORE!!!
WWW.Li-RealEstate.Com (Search 40,000+ properties Here!)
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I doubt they would drop that much; technically we are experiencing a 1% per month decline. If you are a seller and need to sell, put the home on the market immediately, if you are a buyer it's an excellent time to buy. It is in your best interest to use a realtor, therefore, interview agents who can help you in either case and choose the one with the most to offer.
We are waiting only because we haven't hit the buttom of this economy situation and housing prices are going to continue to fall. The election does not matter in our decision. No candidate can offer an immediate fix for the situation. I don't want to sound all doom and gloom here but houses were overpriced, banks were qualifying people who shouldn't haven't gotten the loans they did and now we are paying for everyone's greed. Sorry to say but current homeowners if needing to sell in the near future are going to pay for it.
We don't want to buy a house right now, when we can wait 6 months or so and get it much cheaper. Plus, we entering into winter, the slow time for house sales annually. We are looking to pay 20% less than asking price. Truthfully, I feel that this is what the actual true value of homes should be in our area. The prices just kept getting inflated and some of it was driven by the county assessors who kept increasing values so much to get more property tax money in Nebraska. Homeowners certainly didn't want to sell their home under the assessed value so they kept selling higher and higher.... more