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49014 : Real Estate Advice

  • All5
  • Local Info0
  • Home Buying0
  • Home Selling4
  • Market Conditions0

Activity 5
Fri Jul 8, 2016
Lanayawindrunner answered:
At the hotel I work in, all of the guests are in the computer system. If they pay with cash, it is marked as cash for their stay. All bills are put under doors at night for guests who check out the next day. You should be able to get a printed folio of your stay. ... more
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Sun Jan 17, 2010
Tonya Brobeck answered:

How long ago did you lower the price? If it's been recent, as in a week or two I'd leave it alone or go down only 2k. If no decent offers generate within 2 weeks of lowering, then inch down again another 5k. This of course what I would and do advise my sellers that need to sell quickly.

The fact you've been on the market as long as you have with your price point is suprising. Again, I don't know the Michigan market. I know it's more harsh then WA, even though we have been through the major slump too.

Now 180k offers are simply generating most likely because they are the buyers looking at and writing offers on bank owned and short sale properties which unfortunately make up a large amount of listings now days.

Price & location sells, so either you have been extremely over priced or you are in a bad location. Have you thought about staging the house a little now that it's vacant? Have your recieved weekly updates on marketing efforts from your agent? Regarding, website activity, mls activity, showings?

I could be wrong but it sounds like you were way over priced & only now may be chasing down the market in your area. So if I were you I would want to know why the agent didn't notify me each period the market went down. I know here, we are running comps every 14 days or so on our listings to stay current on price since it's fluctuating so much.

I.e. I've had listings that went up 269k, comps were 265k to 284k, 2 weeks later pendings, exact builder comps 249k....
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Sun Jan 17, 2010
Carole Morgan Resa RESA-PRO answered:
Hi Joe, if price, condition and location are in place you may want to consider staging as an alternative to deep price reductions. You are receiving offers, that said only 10% of the buying population can envision all the square footage, amenities, character and possibilities a vacant home has. Home staging as published by a Home Gain study is the number 2 best thing you can do when preparing your property for sale, with decluttering being 1. The National Association of Realtors states that home staging allows a home owner to retain between 5-20% more of their home equity. My advice is to call a home staging company, one that is accredited and insured and has references and experience/history within your community. Ask some questions, general information regarding staging is typically free, so what do you have to lose? I wish you the best of luck, Joe. ... more
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Tue Dec 22, 2009
Lisa Damron answered:

A Realtor should be found the same way you choose a doctor, accountant, or attorney - through referral from friends/family that you trust. Ask friends and family who still live in the area to tell you who they used and what type of an experience they had. You want that Realtor who they "gush" about. Sales stats, franchise affiliation and designations do not completely tell you if an agent is good or not, but a friend that you trust who has worked with that agent has first-hand knowledge of exactly what to expect. Good luck!

P.S. Thanks for the recommendation, Carole!
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Mon Dec 21, 2009
Paul McIntyre answered:
Yours is a great question, and the answers below address all the issues in the Batle Creek Market. Although the supply has come down, there are still too many houses on the market, which means not only does your home have to be appropriately priced, it needs to be in great shape. It has been extremely difficult to get some clients to pay attention to market analysis. I personally don't accept listings that aren't appropriately priced. I would suggest you review the feedback from the buyers who looked at the home and make the adjustments necessary. It would also be a good idea to contact other Realtors from the area to get their opinions about price and condition of the home.
As for the auction idea, my previous broker tried it and it wasn't successful. You will still have all the standard inspection deadlines and other delays that a normal sale has, and it's just as likely that you won't have any more interested buyers than you did before. Plus the extra advertising costs (which are quite significant) are usually passed on to the seller. While it is another marketing avenue, the results are really not worth the effort for anyone involved.
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