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21733 : Real Estate Advice

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  • Home Buying0
  • Home Selling1
  • Market Conditions1

Activity 2
Mon Jun 10, 2013
Joan Lord answered:
Good morning,
I will be happy to help you with that.

I have sold some homes in your area and I would love to come over to discuss your options.

I'm currently in need of more homes to sell. My extensive network that I have been building in my 24 years as an agent helps me find buyers.

Have a wonderful day!
Joan
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Fri Apr 25, 2008
Ed answered:
Appraiser's are a dime a dozen nowadays. They will come in at any value needed. If not, go on to the next one. Ever since licensing went into effect in 1990s, the career is no longer professional, and pathetic.

If you want a realistic idea of value, have the RE agent pull three competing listings, preferably the lowest listing most similar to yours, and any sales from 2008. Watch out for "short sales" as they may not be appropriately listed. Sales from 2007 are now useless. This market peaked in 2005-2006, started sliding in 2007, and is now in freefall. In certain areas, foreclosures and "short sales" dominate the market. Subprime buyers have nearly been excluded from the market due to stricter lending habits. Investors and savvy buyers are waiting for the bottom. Of course, this is not true of ALL markets in MD, but even the historically better markets are feeling the pain.

I feel for you and your (ex)husband. If there is any way to hold out, possibly renting the property, that may be your best plan. Oh, and to answer you questions specifically, 1) answered above and 2) there is no good online source.

Hope this helps.
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