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Home Selling in 91104 : Real Estate Advice

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  • Home Buying4
  • Home Selling2
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Activity 2
Tue Aug 6, 2013
Andy Bencosme answered:
It is usually better to fix these types of issues before listing and also disclose the recent work during the sale process. Many times if you list a home in need of major work, you will build the needed working into the price as compared to a already renovated home, but during the negotiation and inspection process a buyer may want to deduct the cost of repairs on top of the already lower price. This can be a double edged sword so you want consult with a local pro! ... more
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Thu Jul 24, 2008
Keith Sorem answered:
The value iof a property is based on a number of variables:
First, there is wholesalel. In most cases if you need to sell quickly, the value will be less, say if an investor purchased the property at wholesale, which typcially is about 10-20% below retail.
Second is the price someone looking for property in the area would pay. Someone that knows the local values, is qualified to buy, and is looking for a fair price.
Third is your Fair Market Value. This value is based on the amount of time and evergy you have to get the maximum value out of the property.

Proper preparation, including cleaning, painting, decluttering, staging, making necessary repairs, all go into Fair market value.

Pasadena is one of the markets I service and I would be happy to send you a market report that discusses activity, 12 month trends, pricing, and home values.
1-888-284-2056 or via my Trulia Profile
... more
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