i really want to move but my house wont sell what do i do? i live on the southeast side of the city.

Asked by Tschii1, Chicago, IL Wed Jun 1, 2011

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22
Ranj Mohip, Other Pro, Chicago, IL
Sun Jun 5, 2011
As you've probably read, it's about price. Properly priced homes sell fastest. Have your Realtor pull comps to see if you're priced right. If you are priced high, lower the price. If you owe more than the property is worth, explore your short sale options with your attorney. Good luck.

Attorney Ranj Mohip is a Chicago real estate attorney. The information in this answer is general information and is not intended as legal advice. Further, answering this question or otherwise contributing as a member of Trulia.com does not create an attorney-client relationship. Remember--consult the best real estate attorney in Chicago or in your respective area.
1 vote
Dick Green, Agent, Houston, TX
Mon Jun 6, 2011
Who's selling the most homes in your area? How are they doing it? Copy them or utilize their services.
Good Luck!
0 votes
Home Buyer, Home Buyer, 92011
Mon Jun 6, 2011
It is all a matter of visibility. The more number of times your house shows up on google or yahoo or bing searches, the probability gets higher. Try posting it at as many sites as you can. You cannot change the sellability online but you can surely raise the probability.
Something like this might help:
http://chicago.selldude.com/Real-Estate/category/16.html
Web Reference:  http://www.selldude.com
0 votes
Linda Fara, Agent, Longboat Key, FL
Mon Jun 6, 2011
Hi,

There are several factors that are key to the successful sale of the property:

1. A qualified and experienced realtor in the area counts.
2. International experience increases the number of potential buyers significantly.
3. A keen understanding of the market is important in setting the right price.
4. Outstanding marketing material and methods is essential for success.

Best of luck!

Linda L. Fara, e-pro, TRC
Coldwell Banker Previews
Longboat Key, FL
0 votes
John Potter, , Cook County, IL
Sun Jun 5, 2011
Without knowing anything about your house you may have a non-conforming market house. It maybe difficult just to pull comps. It may take a little work to figure out what is going on. It is so nice to think that the market is just house after house of the same. Built in a subdivision with all the same houses and lot sizes.

Be careful about running to an attorney for a short sale. You may end up shorting yourself.
Web Reference:  http://uneappraisals.com
0 votes
David Cooper, Agent, Los Angeles, CA
Sat Jun 4, 2011
Have any other house similar to your SOLD in the last 3 months in your neighborhood? I always work with an agent that has the most solds in my neighborhood. If you have had the house listed for over 3 months, and no offers, I would think seriously about getting another agent.


DAVID COOPER Foreclosure and Bank Owned REOs Investor with 35 years experience. Get your FReee List +1-7024997037 or check website
0 votes
Evelyn S. Fr…, Agent, Chicago, IL
Sat Jun 4, 2011
Tschii1,

Bottom line in selling a home is price. If you're over priced you will sit on market indefinitely. PERIOD!

A few other factors to bear in mind when trying to sell/price a home are: condition/repairs, appearance, curb appeal, neighborhood, proximity to public transportation, etc... However, again, it can be as pretty as pretty a house can be if it's not priced right it won't sell.

Some neighborhoods are more distressed than others and selling a home for a profit may be completely out of the question. Do you know what the fair market value is? Do you owe more than the fair market value? If so, a short sale may be your only option, depending on your hardship. Do you have to move?

Consider renting out your home, provided that is an option and timing works in your favor. Work with a sellers agent. Interview a few, start with the ones that responded right here on Trulia. Find one you feel the most comfortable with then work exclusively with that agent, let that agent work for you.

Good luck!
0 votes
Harry Kunelis, Agent, Chicago, IL
Fri Jun 3, 2011
greetings,

selling property with a straight sale, lease purchase rent to own homes and/or short sale are all possible in this real estate environment. That said, there is one main factor to consider if you are looking to use creative real estate; how desirable is the area you live in? In other words, is your area known for having good schools and/or safe recreation. If not, you will find it difficult for a real estate investor to enter into an agreement and help you exit your position.

as far as non creative real estate, where you utilize traditional real estate agent services, the most important factor is PRICE. a seller must be open to accepting the advice of their real estate agent and market to sell property at the recent prices reflected in the CMA. You know your are priced right when you have about 4 "showings" per week.

If a seller is unwilling to heed the advice of a real estate agent in this scenario, it remains a moot point to even list the property. An excellent real estate agent, who values their time, will choose not to do business with a seller who is unrealistic about the current reality on what has sold and at what price.

regards,
harry (investor/agent)
(312) 339-6758
0 votes
Tatiana Perry, Agent, Chicago, IL
Thu Jun 2, 2011
Hi Tshchii, I can do CMA and show sale in area. Please contact me @ 773 551 6554 or tatiana@conlonrealestate.com
Best regards. Tatiana Perry
0 votes
Jose Hernand…, Agent, Chicago, IL
Thu Jun 2, 2011
Hi

Every home is different, every agent works different, and without a complete analysis of your situation you will get different answers.

Jose Hernandez,sfr
Keller Williams Gold Coast
312-788-7079
0 votes
Bernie, Agent, Chicago, IL
Thu Jun 2, 2011
Hi ! I would be very glad to have a consultation & view the house & work out the options that would best fit your needs. Thanks . . .
0 votes
Deborah Smith, Agent, Oak Forest, IL
Thu Jun 2, 2011
Do you have the option of renting your home? Many renters are looking for property to rent due to foreclosures,
short sales and the time of the year. Debbie Bergthold-Smith Classic Real Estate 708-267-5552
0 votes
Jesse McGrath, Agent, Chicago, IL
Thu Jun 2, 2011
All great comments, but most importantly, go with an experienced realtor who is with a company that sells more real estate than anyone in Chicago and markets your property better than anyone else out there.
Jesse McGrath
312-545-2775
@properties
0 votes
Tony Guisto, Other Pro, mokenA, IL
Thu Jun 2, 2011
Good morning tschii1,

Well you have a lot of options available to you right now. As a few other post have stated you could drop your price, if you have equity available that you don't need. Another way would be to talk with a real estate investor and they could assist you in some creative financing options that would allow you to move to your new desired house. Feel free to contact me as I am a real estate investor and can assist you. Hope the best for you in whichever path you choose.

Tony
0 votes
Connie Bernal, Agent, Oak Lawn, IL
Thu Jun 2, 2011
It's always about PRICE, then condition. In the long run...everything sells!
A diamond does not sell unless is advertized well.
0 votes
Joe Schiller, Agent, Chicago, IL
Thu Jun 2, 2011
wash all your windows, have the best decorator you know come over and tell them they have a budget and how would they spend it in your home, the curb appeal is ..this is a FACT.. at least 50% of the sale- you front door, our landscaping, your lawn, your paint, your roof, your what ever had better look great.. just like when we go out for the evening.. people make a decision in seconds on exteriors and justify after that moment.. if you even want to have a shot at someone's "heart" you had better look your best.. then maybe. just maybe they will over look all your internal flaws and have faith that things can be brought up to their potential. If this is helpful please market t so and if you want the best agent to sell your home my website is below!
Web Reference:  http://www.joeschiller.net
0 votes
Matt Laricy, Agent, Chicago, IL
Thu Jun 2, 2011
Are you priced right? Are you on the market? If not, you should do both. A lot of listings that are over priced will just sit on the market. If your priced right, you have a great shot at selling. You could also try renting it out.

Matt Laricy
Americorp Real Estate
Brokers Associate, e-PRO
mlaricy@americorpre.com
708-250-2696
Web Reference:  http://AmericorpRe.com
0 votes
Scott Godzyk, Agent, Manchester, NH
Thu Jun 2, 2011
Your first step should be to ask your listing agent to complete a new BPO and assess what your house is worth in todays market, you want to be priced at or just below market value. You then want to make sure your house shows nicely, clean the clutter, repair anything that needs repair and fresh paint also helps. Then make sure your agent is advertising or marketing in the right places for the most potential buyers that are suited for your house.
Web Reference:  http://www.ScottSellsNH.com
0 votes
John Potter, , Cook County, IL
Thu Jun 2, 2011
Buyers are golden right now. Buyers are few. Unlike in the Mid 2000's when buyers were plenty. You may sit for awhile. There may not be anything you can do if that is what is happening in your market. Unless you have something extraordinary that buyers can not find. Find something exceptional about your house or land and house and see if that would rally a sale. Otherwise your house must be a commodity and lower the price so low that all reservations from a buyer are gone. Do you know what the bottom is of your market?
0 votes
Phil Rotondo, Agent, Melbourne, FL
Thu Jun 2, 2011
If your house is listed, offer a bonus to the selling agent; and make sure you are the most aggressively priced listing in the neighborhood.
Web Reference:  http://www.321property.com
0 votes
Nick Pirro, Agent, Chicago, IL
Wed Jun 1, 2011
well, you need to take a look at the situation. All houses will sell if you are priced properlyt for the market you are in. I think you should take a look at the price compared to other homes in you area. You may need a price reduction. In addition, if you cannot drop the price (possibly if you owe more than it's worth), you probably will want to rent it.

I would love to consult with you and give you my advise. I would also be happy to help you sell/rent it.

Please give me a call or email me.

773-234-5134
chitownproperties@gmail.com

Also, I would urge you to check out my website for testimonials and more information on my background.

Thanks!
0 votes
Robert Nowak, Agent, Chicago, IL
Wed Jun 1, 2011
Rent it or lower the price
0 votes
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