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Home Selling in Brooklyn Center : Real Estate Advice

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  • Home Buying10
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Activity 6
Fri Dec 5, 2014
John and Becky Durham answered:
Ted,

The market in the Twin Cities is different than it was pre-recession. What we are seeing now is that the best homes are selling the fastest, while homes that need work or have wonky floor plans or are over priced are lingering on the market.

The problem with waiting to do the repairs is the bad impression that you will give potential buyers. Most buyers these days are not looking for a fixer upper, they have neither the time or talent to DIY. Bad siding and carpet will not give a very good first impression, and many buyers may wonder what else you have not maintained. You just may get an open-minded buyer who sees the potential in your home and will make an offer, but you'll go round and round about what products to use, costing, etc.

You home will likely sell without doing the work, but if you are serious about offering to do carpet and siding as part of the deal, why not just do it now? You have a better chance of getting a better price and terms with a shorter time on the market.

John Durham
Durham Executive Group
RE/MAX Results - Woodbury, MN
651-231-2191
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Thu Nov 13, 2014
Teri Eckholm answered:
Hi Ted,

Trulia and similar sites, pick up this incorrect information from past MLS listings or tax records.. Once your home is listed for sale, it should update automatically but not always. I often have to log into different sites and manually update the info to reflect updates on my listings. When you start to interview potential listing agents ask how familiar they are with updating the information on Trulia manually. If it is important to you to see that it is correct, you will want to be certain that you list with an agent that knows how to make sure all the updates are reflected accurately on the big home search sites

BTW I do work in the Twin Cities north metro and would be happy to answer any additional questions you have on listing or selling your home.

Warm Regards,
Teri
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Sun Nov 9, 2014
ted.mclaughlin answered:
To add some additional details, (sorry this is going so long), since I had been planning on selling later this week I was going to take out a personal loan to completely pay off my mortgage.

Now that I'm thinking about renting I was wondering if the mortgage is deductible? If so then I definitely don't want to take out the personal loan. And since I need new siding and carpet to sell I was wondering if I should rent it first so I could have those costs would be tax deductible?

The value of my house has been gradually improving over the last couple years. I was thinking that if I rented it for 2 to 2.5 years, deduct the costs for improving it for sale, then selling it before the Capital Gains thing expires. That way, hopefully, the value of the house will have appreciated even more. Even if it doesn't it will hopefully not go down. If the economy serious tanks and the value drops off then I could just keep renting it.

Does all of that make sense?

(and thanks for reading all of this :-)
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Mon Mar 12, 2012
Susan Hofflander answered:
Hi, Ashley!
All good answers here. I think you need to milk the traffic from Parade of Homes Spring Preview as MUCH as possible. So, I hope you have your home on the market now so that you can get some benefit from the people out looking at Parade homes as much as possible.

You have many time constraints here that may impact your decision making. I hope you have the margin available for you not to have to do a short sale. Market is still down, so make sure you price your property carefully in order to meet your time deadlines you speak of.

I meet many sellers who say, "We have to get $xxxx for the house to make it work for us." Unfortunately, that statement doesn't hold water when determining market value. Market price is determined by what the other similar houses are going for in your area. So, just a cautionary tale to make sure you keep your real goals in mind (i.e. your timing) and not over price which will end up making the whole process much more difficult.

Good luck!!!!
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Tue Sep 13, 2011
Christopher Block answered:
Everyone on here is correct we can't talk about others fees and it is all negotiable.

I do see this question come up quite regularly on Trulia and I always have the same response. Interview x amount of agents until you find one that works well with whatever you have defined as your expectations for this transaction. Every seller has their own variables they highly value and it is just a matter of finding a realtor who fits that description. Then, the commission is something you talk about and both parties agree to it.

Your zip code is in my primary area so I would certainly love to be one of those agents interviewed. If you contact me directly we can talk about what I charge.

Good Luck Michelle!

~Chris
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Thu Sep 23, 2010
Pedro Briceno answered:
hola Stefan,

Thank you for your inquiry. Let me tell you a little about myself.
My name is Pedro Briceño, I am a full time realtor and I have been actively working the Brooklyn Center / Brooklyn Park / Champlin area for the last 5.5 years. I grew up speaking Spanish and have been living in Minnesota for the last 20 years. I don't get to use my Spanish as often as I would like, so I gladly embrace the opportunity.
How can I help you?
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