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Cobleskill : Real Estate Advice

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  • Local Info0
  • Home Buying1
  • Home Selling2
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Activity 5
Thu Nov 17, 2016
Maricris A answered:
Hello,

We didn't get enough information about your problem to resolve the issue. Please provide us with complete property address and we will be happy to assist you.

Regards,

Maricris
Consumer Care Advocate
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Fri Sep 20, 2013
Keith Jean-Pierre answered:
I am not sure I quite understand your question.
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Thu Jul 8, 2010
Earl Boyer answered:
Check with your State Tax Commission and with any local taxing authority. Many states are seeking ways to increase their revenue and are applying some sort of a transfer tax. It may be called by different names but basically it is a tax on the sale of the home. Your local title company could also give you the answer. ... more
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Tue Jul 8, 2008
Gail Gladstone answered:
Contact me off line at Gail@GailGladstone.com and I will give you the name and number of someone you can trust. Do not value the rates on line...there are too many unexplained costs that will come up. ... more
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Thu Apr 24, 2008
Keith Sorem answered:
Amy
I suggest you consider this question: Is the commission rate more important than the dollar amount you net at closing?
It's the net amount.
So the question I would ask is this:
How can I make sure that I net the highest dollar amount possible when I sell my home?
That question opens up a lot of territory that will help you grasp the issues at hand.

OTOH, let's talk about reduced commission rates. Most markets are buyer's markets, so you are probably is. If the buyer that first sees the home they buy sees it with a Realtor, you probably want to offer at least "market rate" commission to the selling office.

So you could list with an MLS entry only broker, or a discount broker. In my MLS (and no offense intended to anyone...these are just the stats), they have three important characteristics
1. The list price versus sale price ratio is 2.6% - 4.5% LOWER than the average
2. Their listings FAIL TO SELL 50% more often than the average
3. Their listings take longer to sell, when they do sell

So unless you've got money to burn and time to kill, I would interview three Realtors. Ask them to prepare an Estimate of Seller's Net Proceeds. Know that homes that sell in the first 30 days sell at closest to asking price. So a home needs to receive at least ten showings or two offers in the first two weeks, or a price adjustment is in order. If the buyer is brought by a Realtor 90% of the time, Realtors know values, and buyers are looking for good values.

Assuming your market is average, price slightly below market. The market will not let your home sell under market value.
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