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Home Selling in Fort Collins : Real Estate Advice

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  • Local Info11
  • Home Buying56
  • Home Selling11
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Activity 16
Sat Apr 8, 2017
user1635098 asked:
Need to sell fast. Hoping you might know of some people who might need a good inexpensive home...
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Mon Jun 13, 2016
UpNest Top Realtors answered:
The only way to get your FSBO home listed on Trulia is to have it listed on the MLS. Only agents have access, but you could also pay for what's called a flat fee listing service if you want to sell by owner (generally not a good idea).

We created UpNest (http://www.upnest.com) to help home sellers get the best value possible. All you have to do is submit a few details about your home, and we'll invite several top local agents to submit proposals to you.

Since agents are competing to earn your listing, they bring out their best commission rates and value added services, saving you a lot of money. There's no risk to try us at all, and it's completely free for you.

http://www.upnest.com

Good luck!
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Tue May 10, 2016
Lyn May asked:
I'm not certain if this is the right spot, but we just signed a straight forward contract with a cash only buyer that specified "in" contract No appraisal, no inspection and no pressure…
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Sun Apr 3, 2016
Sally Grenier answered:
If your home is listed with a Realtor, you signed a listing agreement that spells out what the total commission is, and what the listing agent is going to "co-op" to a buyer's agent. Signing a listing contract is when you negotiate the commission, NOT when you get an offer. The listing agent has to advertise the co-op in the MLS, so agents know what they could get if they sell your home.

Keep in mind...there are agents out there who won't show your home if you're not offering at least 2.8%. Look at the Trelora listings. They let the seller decide how much a buyer's agent gets and often it is only $2500 vs. 2.8%. Those listings sit on the market a LOT longer than normal listings, and sometimes they never sell.

Good luck!
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Thu Jul 9, 2015
Sarah.tarnoff.nelson answered:
I am not a realtor, so I can't speak to the actual price/value decrease nor should my answer below be taken as expert advice, but as a fellow homeowner and someone who currently has our house listed for sale, I can tell you that a "bedroom" without a closet and a window in it is not considered a legal conforming "bedroom". While most people would still consider and use it as a bedroom even without a closet, this space can not be legally called a bedroom on the assessment records. So, I would guess that it might decrease the value of the house a bit just because you include it in the listing as an actual bedroom, but I believe most people title such a space as a "flex" or "office" space. The good news is that it is still finished square footage and that is what most buyers would consider important. The bottom line is that it still has the potential to be a legal bedroom without requiring a lot of work since framing in a "small closet" would be no big deal. Hope this info helps you even just a little bit? ... more
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Sat May 2, 2015
Sally Grenier answered:
Is your home listed for sale??? If so, then you need to contact your listing agent to have the info corrected. But I suspect you might be looking at the public records info on your home? If that's the case, you'll need to take this up with your county assessor's office.

FYI -- Trulia is just a database of properties that get pulled from various sources -- MLSs, County public records, etc.

But I'd be careful about what you wish for. There could be a discrepancy in numbers because the basement wasn't PERMITTED with the County. Therefore, they don't have the updated numbers! Or...maybe it was permitted, but it's just a clerical error on their part. But do you really want the county to update their records to show MORE SF?? Because then your TAXES will go UP.

Good luck!
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Thu Jul 17, 2014
Lloyd J Smith answered:
Sal,

I would be concerned with working with an agent that is going to act as your negotiator on what is probably your single biggest asset who can't even negotiate his or her own commission rate. This may cost you much more than 2%. The sad part is that you may not even realize how much MORE you could have made with a professional that would not ever consider taking a listing at 4%. ... more
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Tue Jul 16, 2013
Bev West answered:
I would talk to a financial advisor and see what would work best for your certain situation. You could do either one because the prices have gone up but it depends on how much you want to net out of your investment property. Rental market is great so I know you proably wouldn't have a problem in keeping it rented and still growing more equity. ... more
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Wed Jun 5, 2013
Annette Lawrence answered:
We've been experiencing a lot of 'STUCK' here in on the west coast of Florida.
Potential seller see nothing they want to buy...and worse...nothing better than where they currently live.So......
....what I am seeing week after week is contractor trucks arriving to update and expand the existing home.
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The area market at this moment is reflecting an almost 1% mobiiity rate. That's not a lot of folks changing addresses. Not a whole lot of upping and downing. A few communites are creeping up on 5%. Even with the addition of the retirees looking ahead, this is a low percentage. Perhaps ithe 5%portends a thaw is in progress. The buyers are there..well kinda. some of them still think it's 2009.
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I beleive that price increases along with increased lending rates will compel folks to bite the bullet. It's a shame. That is what is needed to communicate it is no longer 2009.
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One important thing to note. according to the GAS the wealth of the average American has been restored to 91% of pre-crash levels. This wealth is not held in their real estate. The American economy has never experienced more liguidity. As professionals, we need to be thinking outside the traditional real estate box. One may find a few seminars related to seller financing to be very beneifial. Not only to your business but to the 'profit mind" of the home owner. There are new instruments that merit your discovery.
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0 votes 10 answers Share Flag
Mon Jan 21, 2013
Jennifer Kelly answered:
If this was written in Oct 2007....I would hope that your home has sold. :) if anyone else is wondering the same thing, I would say that an offer is always reasonable and is worth exploring and trying to negotiate with. Be mad at those who didn't bring an offer and grateful to those who did. This is a starting point. ... more
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Mon Jan 21, 2013
Jennifer Kelly answered:
It depends on the size and condition. The location is great, just a block west of Shields and near City Park! It is still difficult to determine without seeing it. Let me know if you have more information and I can give you a better idea! Jennifer Kelly ... more
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Tue Aug 21, 2012
Pamela A Fancy answered:
Jbones 166.
In answering your question, yes, there is a huge advantage to a seller after 2 years if the property is owner occupied. You will get a tax free capital gain. That means your profit will be tax free. This is only the case if it has been owner occupied. Call me if you have other questions, I have been in the business since 1978. Pam Fancy 970-581-5042 ... more
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Fri Apr 1, 2011
Frank Glenn answered:
Great question, and the answer is yes it is. There are many factors weighing in when comparing one home to the next, and square footage is part of the equation. Say you are appraising two homes, the exact same main level square footage, with approximately 400 square feet difference in basement level finish. Depending on the neighborhood, you might adjust the difference in square footage at $20/foot in the basement. Now assume the same scenario, only the basements are exactly the same, and the main level has 400 square foot difference. Again depending on the neighborhood, you might adjust the difference in square footage at $40-$50/foot. The analysis provided is stritctly from an appraisal perspective, and from a market perspective can be much larger. Two hundred square feet in the main level can add a ton more market value than two hundred square feet in the basement(dealt with last summer, with less than 200 square foot main level size difference between two similar homes, and a huge price difference because every room just felt a little larger). Again it really depends on if your question comes from an appraisal point of view, or a market point of view in attempting to price your home relative to sold comparables and for sale competition. Given the current market, I believe it is good to understand from an appraisal perspective as well. One of the buyer contingencies within the contract revolves around the appraisal, and so it is important to have an understanding of the comparables the appraiser will be utilizing once your home goes under contract. Hope it helps.

Frank Glenn
CMarie Property Services
http://www.cmarieproperty.com
... more
0 votes 3 answers Share Flag
Mon Oct 19, 2009
Edith Karoline Jasser answered:
Dear Randall,
You know it truly depends on the particular needs of the buyer and their family needs and lifestyle, they may want to use one of the bedrooms as an office....
They may not even need 3 bedrooms and open up more than one bedroom.... So before you do anything,
that then is definitely a 3 bedrooms, market it as a 4 bedroom home
And in the description declare that it would be easy to turn one of the lower level bedrooms into an open family room, and put a not to that extent on that specific wall.

Also when it comes to family rooms/rec rooms in the lower level, the size may be important to those who truly want that lower level finished rec room, so the size of a bedroom may not mean much to them...

So just stage the home well, upgrade and update what you can so it shows well, open up the spaces if need be remove some furniture or place it differently and let the new buyer decide what they want to do....

Hope this helps! At least without knowing your home and the sizes, but being familiar with split level homes
it should give you some idea.... Also make the entrance to your home, very very welcoming!
Good Luck and happy selling!
Edith karoline YourRealtor4Life! & Your Chicago Area Connection...
Working always in the very BEST interest of her clients....
EdithSellsHomes@yahoo.com
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Thu Sep 18, 2008
Adewale Adedeji answered:
Given my background in real estate/finance from CSU, my recommendation/what I have studied in financial classes is that there is a 5-2 rule that exempts you from capital gains tax. You have to leave in the property for 2 of 5 years to qualify for up $250,000 capital gains exemption once in a lifetime, and if married $500,000.

If you sell the property in a year, you will have to pay capital gains tax on the profit made, but I guess if you buy in that same year equal or greater value, it balances out.

You should also consult a Tax pro, or an accountant.
... more
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