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Very likely if you as the buyer ask. Given the buyer most times has their agent put the purchase offer together, it is important to make this known to your agent so they accurately draft the offer with your terms. The seller is not making more on the home in this scenario. If the home is sold for $250K and the seller agrees to $5K of buyer closing costs, this will lower the net to the seller...not result in financing the added amount of $5K. The seller nets $245k...no different than in a short sale where the seller's lender agrees to a sale price of $250K. Right off the top the lender will net less due to seller closing costs being paid by the seller's lender. Tom Hinz www.shortsaletosell.com... more
Depends on many factors...and when someone says it depends on many factors, that is a clue that you should reconsider your choices. Are you looking at the east or west side of main street?
West side is rough...possibly a better choice on the east side. Better option is to look for something on the west side from 3rd avenue north to Locust drive, or the east side from 3rd ave...
Good luck. Tom Hinz www.shortsaletosell.com... more
They affect the overall values simply by the sheer volume of pre-foreclosure and foreclosure transactions going on in the marketplace...when comparing against your home and what to list for, it would help to know the condition of the homes being used as comps. If the short sale/foreclosure homes are in similar condition as yours, then it will drive your value lower more directly...if on the other hand the conditions of the homes as comps is much worse, you have more room to price your home higher simply because yours is in better shape...and shows better.
My plan would be to coordinate with your agent to price accordingly based on the comps in your area and their condition. If after 30 days you are getting no offers, you will need to systematically reduce your price to get in the range where offers start coming in. People wonder why they don't get any low ball offers on their home...and that is a direct affect of being priced way out of the range of what people are willing to spend in the current marketplace....the pricing needs to be lowered to get into the right range - the sweet spot. Of course, how quickly you reduce your price will be based also on your motivation and need to sell. Good luck. If you need help evaluating how your home is being priced in the current market, let me know. Tom Hinz www.shortsaletosell.com firstname.lastname@example.org... more
When it comes to any safety/crime related issues, it's always best to contact the local authorities with all your questions, hear all there is to hear firsthand. If unfamiliar with the area(s) do revisit more than once and at different times of day, possibly chat with locals/neighbors. Real estate professionals are prohibited from steering, enticing a buyer to purchase/rent, or not, in specific neighborhoods.
Flag the listings and contact the support center. This is becoming quite an issue, but unfortunately anyone can post under the rentals. You may want to check with a local RE agent that deals with rentals or a property manager in order to find legitimate properties. Best of luck to you!... more
I am sorry you are not hving a good experience with your current agent. But don't woorry you are not stuck. In New Jersey you can list it 5 minutes after you get an unconditional withdraw form signed by you nad the listing Broker. The Broker will probably reassign your home to another agent to see if it works out better than with your current agent first. Good luck and feel free to contact me with any questions or concerns.... more
I can only hope that you're out of your situation by now, however we've actually seen the end of this scenario in South Florida. During the great recession, many new properties failed to sell, and developers rented out the units instead. The streets filled with young, vibrant people, and bars, restaurants and stores followed. Now those same units are selling like hotcakes, and we have 170 planned condo towers in Palm Beach, Broward and Dade counties. And since someone will inevitably comment... the new condos are almost entirely cash buyers. There's no financing, and therefore almost no risk of future price decreases. A lack of buyers will just mean the units will be rented out... these folks will have no NEED to sell.
Keyes Real Estate
Yes, there are a couple of studios available, more one and two bedrooms, though.
Feel free to contact me if you would like more info regarding rentals in town.
201 240 0976
HERITAGE HOUSE SOTHEBY'S INTERNATIONAL REALTY... more
The answer is yes, loans are available, to qualified buyers. As the sellers you can do what you feel comfortable. If you do decide to do a lease with an option to purchase be sure they will be able to finance in a year. I work with agents and brokers who send their clients to me under this same scenario. You want to be sure they can actually qualify for the loan in the time frame agreed upon. In this market we all have to think outside of the box.
Best of Luck;
CEO & SR Credit Repair Specialist at
Everlasting Credit Repair
Ex-Mortgage Broker of 10+ years
A good question to answer because I'm sure others are dealing with the issue...
If I was in this situation here's an approach I would use that would be much more effective than an open house...I would do a video tour of the unit, building, street and ocean front and post on facebook...also provide high quality pictures of the unit online with detailed descriptions of the rooms and other fine points. I would have your agent then market the video and other material to other agents/investors/etc and try to have a virtual open house online! Market the home with a deadline for receiving scheduled personal showings...create a sense of urgency and demand...THis all assumes that the condition of the unit is excellent and priced accordingly for how quickly you would like to sell.
By the way, you could also do this as the owner by yourself and save some money in the process if you have the drive to do it! Tom Hinz www.shortsaletosell.com... more