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Home Selling in Gorham : Real Estate Advice

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Activity 4
Tue Jul 28, 2015
Christopher Pagli answered:
The last part "what do I Do" Is the exact reason most use real estate agents. Trulia is an agent only platform at this time so you won't be able to post it here.

Chris
1 vote 1 answer Share Flag
Mon Mar 23, 2015
Gail Blanchette answered:
You CAN sell your home but my question for someone wanting to sell their house by themselves is "how do you know what your home is worth?." You can't go just by the town assessment or estimates by online real estate sites. There are too many factors. You might be pricing it too low and lose out or too high and it just sits there.We have access to the sold prices of comparable homes. If you put it on Craigslist beware of scams and watch out for just anybody coming into your home to "case the joint." What you would spend to hire a Realtor could save you a lot, both in money and aggravation. ... more
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Thu Apr 26, 2012
Gloria Hewey answered:
Hi Cindy!
Thank you for your inquiry. I am happy to meet with you at your convenience to show you the proven Better Homes & Gardens Real Estate Marketing Plan to sell your home. Call me at 207-399-8553 , it doesn't cost anything to talk!

Gloria Hewey
Associate Broker, Realtor
155 Center St Auburn Maine 04210
gloriahewey@masiello.com
www.gloriahewey.masiello.com
... more
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Thu Sep 8, 2011
Ron Thomas answered:
Realist,
You what they say about a little bit of knowledge?

If the LISTING PRICE were reduced, that would make NO DIFFERENCE to the Commission a Realtor makes!
The house has to SELL for anyone to make any money.

If the SELLING PRICE were reduced $10,000, that would mean approximately $150 less to each of the Realtors!

A far cry from your figures, HUH?
That translates to $15 per hour, by your calculations.

I would like to see someone take the Real Estate course in TWO DAYS and be able to pass the EXAM: I'm sure YOU could do it.

Ellen,
As far as the reason for your house not selling, yes, it is a 98% probability that the problem is LISTING PRICE:

Understand that the LISTING PRICE has one primary objective, to attract attention: It is not intended to be set in stone, and in many cases it is not even a good guideline toward the SELLING PRICE.

Some Sellers believe that by setting the LISTING PRICE high, they can always come down, and people will make an offer anyway: WRONG! Buyers will just bypass the property and look at houses that are within their price range. And six months from now, the Seller will slowly start lowering the PRICE, (this is called “chasing the curve”) and Buyers will be asking the question; “What’s wrong with that house?” and “Why has it been on the Market so long?”

Other Sellers set the LISTING PRICE low, to attract multiple offers. (The correct strategy.) We are asked; “Aren’t you obligated to sell at this price if someone offers it?” The answer is probably not; for that to happen, you would first have to have only one offer, and secondly, the offer would have be exactly the same, down to the smallest detail, (please discuss this with your Realtor).
Another thought; Buyer will search for potential properties by groups; for example, $400,000 to $450,000, and $250,000 to $300,000. If your house is priced at $460,000 or $310,000, the Buyers will never see it. (something else to discuss with your Agent.)

Different Banks have different philosophies about pricing their properties: You cannot draw any conclusions without a good analysis.

Have your Realtor do a CMA, (Comparative Market Analysis) to help you determine your Offering Price. It is the surest way to determine the Market Value of the property.


Good luck Ellen, and may God bless
... more
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