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Home Selling in Ballwin : Real Estate Advice

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  • Home Buying6
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Activity 7
Tue Jan 12, 2016
Melinda.runge asked:
Tue Nov 11, 2014
Debbie Dutton answered:
Several factors go into the selling of a home. On one level, it's price, condition and location. In Ballwin, if your home is priced for the condition and location, it should sell very quickly, especially with such low inventory. If it isn't, you have ask yourself if it's really priced correctly. Are there pet or smoke odors? Have you listened to what your agent has told you? If your agent hasn't given you any suggestions, ask! If you're trying to sell if on your own, maybe you haven't been as objective as you should be. Is it getting the appropriate amount of marketing? Qualified buyers need to see your home. Are the pictures and the marketing drawing them in? Have there been open houses? ... more
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Wed Jun 12, 2013
Danielle Nicholl answered:
In the St. Louis market, when an agent takes a listing they should be giving you the option of whether or not to allow comments on websites that share MLS information (IDX websites). If you have agreed to allow comments then anyone can post these comments (positive or negative). ... more
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Thu Feb 2, 2012
Dale Weir answered:
http://www.irs.gov/publications/p523/index.html will give you a lot of information on capital gains

of most interest to you, however will be this section:
Maximum Exclusion

You can exclude up to $250,000 of the gain (other than gain allocated to periods of nonqualified use) on the sale of your main home if all of the following are true.

You meet the ownership test.

You meet the use test.

During the 2-year period ending on the date of the sale, you did not exclude gain from the sale of another home.

For details on gain allocated to periods of nonqualified use, see Nonqualified Use , later.

If you and another person owned the home jointly but file separate returns, each of you can exclude up to $250,000 of gain from the sale of your interest in the home if each of you meets the three conditions just listed.

You may be able to exclude up to $500,000 of the gain (other than gain allocated to periods of nonqualified use) on the sale of your main home if you are married and file a joint return and meet the requirements listed in the discussion of the special rules for joint returns, later, under Married Persons .

While the MLS records are not electronic for that time period, there are some ways we can use to determine the value. Please let me know if I can be of any further assistance.
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Thu Jan 26, 2012
Bill Oesterle answered:
Hi Maggie,
There have been 5 condos sold in Ridgeview in the past 12 months and a wide range of days on the market from 56 to 232. This wide range depends on the PLC-Price, Location & Condition. Currently there are 3 under contract and 2 active. One is a short sale and will affect the pricing in the area. As an Accredited Buyers Agent I bring more than most agents to offer you and includes knowledge in HVAC, plumbing, electrical & carpentry. Knowing the area is only part of the puzzle and as a RE/MAX agent I can put together a smooth transaction and properly represent your interest. Call me at 314-581-2260 or email me at billoesterle@remax.net for more information or any other questions you may have.
Bill Oesterle
RE/MAX Gold
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Tue Aug 10, 2010
Phillip Vincent answered:
I called me mortgage guy Chet Heileman to ask him for the answer. He said its a very long process that starts with you having to get the whole condo complex to agree to going FHA approved thru the Home Owners assoc.. (good luck with getting three people to agree on anything)

Its not impossible its just a long and tedious process, good luck my friend.
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Mon Feb 18, 2008
Dale Weir answered:
Kathy,
As a Realtor who lives and works in Ballwin, I can tell you that Trisha is correct for our area as well. A neighborhood pool does not increase your selling price over a subdivision that does not have a pool, but it is something that buyers take into consideration when deciding where to purchase a home. At the same time, the community facilities are also considered. Ballwin (as does many of the other nearby municipalities) has an outstanding recplex with an indoor pool and fitness center and a wonderful outdoor pool that is next to the Ballwin golf course. As a result, buyers keep in mind that those facilities are available to them also. (as a Realtor, we have to be careful to annotate if a home is in incorporated Ballwin and hence eligible to use the Ballwin facilities, or in an unincorporated area that might have a Ballwin zip code, but would not be eligible to use the facilities)

One point is the age of the family. If someone has children old enough to go to the neighborhood pool by themselves, it can be more of a selling point then if Mom or Dad has to load them up and drive them to the pool in the summer. The neighborhood swim and dive teams are also big factors when deciding where to buy for some families who have children who are competitive swimmers. Having a small subdivision pool is also preferred by families who find that Mom or Dad have a pleasant place to sit and watch the kids swim while talking to the other neighborhood parents and there are typically pool parties and events throughout the summer months at the facilities. When I bought my home, my subdivision didn't have it's own pool, but my home was within walking distance of both the Ballwin outdoor pool and the pool for the next subdivision which we could join. My son preferred the smaller subdivision pool with it's dive and swimming teams over the municipal pool plus we felt much safer with his swimming there where everyone knew everyone and the lifeguards had fewer people to guard. Our pool community was close knit enough that if my son rode his bike over and got too tired to ride home, one of the parents at the pool would load him and his bike up in their van and drop him off on their way home.

At the same time I am telling you this, I will point out that many of the smaller neighborhood pools have closed in the past few years. The cost of insurance, maintenance, repairs, staff, etc drove the cost to the subdivision up past the point where it was no longer economically feasible to continue owning the pools, especially when they were competing with the larger municipal pools (in fact the larger municipal pools have had some difficulties the past few years meeting their bills as well). The subdivision pool my son swam at was sold a couple of years ago and turned into a villa complex.

Another consideration when looking at the amenities that the subdivision has, is the annual dues. There are a few complexes that have wonderful facilities, but the annual dues to pay for them are so high that buyers shudder and turn to other areas where the facilities might not be so grand, but they are a lot cheaper.

But for all of that, on a hot summer day, a home with access to a pool has a decided advantage over a home that doesn't and a smart home seller will make sure to have pictures of the subdivision pool as part of their marketing in the home for potential buyers to see

So, your overall answer is yes, a subdivision pool will add intrinsic value to your home, but it will not over ride the same factors that make a home sell any where - it is part of the location and amenity part of the equation that will get a buyer to chose your home over another home.
... more
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