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18914 : Real Estate Advice

  • All7
  • Local Info0
  • Home Buying4
  • Home Selling3
  • Market Conditions0

Activity 7
Sat Jan 31, 2015
Gary Swank answered:
That depends on your personal preference and if you are willing to decorate/renovate to your desired taste.
0 votes 4 answers Share Flag
Fri Jan 30, 2015
Joy "Zaleski" Messner answered:
There are typically two times that is negotiated with the sale of a home - one is at the initial offer and the other is the home inspection issues. Of course, some home inspections bring up some major structural or safety issues that will need to be addressed by either the seller or the buyer. A seller does not need to agree to those repairs, placing the burden on the buyer. However, if the buyer will be obtaining a mortgage they may need to get those repairs done in order to obtain the loan, leaving them with no choice but to decline the seller's response. Some items may not be critical in nature and could be done by the buyer at a later date.

If the buyer does not agree to the seller's response and cannot afford to do the repairs on their own, and it is agreed to terminate the contract - THEN, at that time the seller will need to disclose the found defects of the property by updating their seller's disclosure form. Or, the seller could do the work and then re-list.

Let it be said too, that if the buyer feels they are paying "top" dollar for the home (compared to others in the neighborhood), they often expect the seller to address the found defects. If they are paying under-market value, they can sometimes be more forgiving.

Lastly, I suggest that some sellers get a preliminary inspection of their home prior to listing so we know what issues could easily be adressed ahead of time and to avoid home inspection problems when the home finally does sell.

Hope it all turned out well for you!

Joy Messner
Doylestown, PA
... more
0 votes 9 answers Share Flag
Fri Oct 18, 2013
Holly Wilson answered:
Anne, I hope I can be help in your quest to find an answer. I showed a lovely home, in a precious well developed neighborhood, and listing agent was having the same issues. I know the neighboring house was also listed for $50,000 less, but needed tremendous updating. Price per square foot was right on. I would ask some of the agents who have shown the property to give you a personal opinion as though they were going to list it. I believe bringing the repetitive feedback together making alterations as needed, what ever it may be, should get your listing sold. ... more
0 votes 149 answers Share Flag
Wed Jan 5, 2011
Janet Ditroia answered:
Hi Dee,
in makinng any offer you first should determine what the home is worth with accurate maket statistics, including other homes in the Chalfont area. I understand the home is on the market 2 years and that it needs upgrades, but also take into account other things. Although price is one of the main reasons why a home may not sell their are other reasons. I can explain in much great detail in my home buyer counseling sessions. I would get a trustworthy realtor, find out current values in the Chalfont area and get all the necessary pieces in order to determine the type of offer to make. It is not hard, it just requires the expertise of a commmitted, knowledgeable buyer's agent realtor take care, and all the best... ... more
0 votes 6 answers Share Flag
Sun Jul 4, 2010
Keith Manson- Metro Milwaukee Wisconsin answered:
What I think this means is the listing agent has hired a service to process their shortsales and is trying to get the buyer to pay for this service. As a buyers agent I would not allow one of my clients to pay for this service.

Keith Manson
First Weber Group
Certified Distressed Property Expert
Metro Milwaukee
... more
0 votes 7 answers Share Flag
Sun Apr 18, 2010
Gita Bantwal answered:
Make a list of what you liked about the house when you moved in. If it is priced right there must be buyers out there who may like the same thing about the house. Do you have trees and fence at the back ? Proper landscaping might help. ... more
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Mon Feb 23, 2009
Gita Bantwal answered:
Terrie, You asked this question in 2007. Hopefully you have straightened out your credit.But this answer is for oyhers who do not have good credit. You can get free credit report once a year from the three credit reporting agencies. Get the reports and work on improving your credit. You can sit down with aloan officer who can help you so that you can buy a home in the future. They are getting stricter. and the rates depend on credit scores. ... more
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