What would a 5 bedroom 2 bath home with 2700 sq feet sell for?

Asked by Josee, Newark Airport and Port Newark, Newark, NJ Wed Jun 25, 2008

I have a home that has been renovated. A new roof will be installed within the next 2 weeks. I would like to sell this home without an agent. What do you suggest? It has 2700 sq ft with 5 beds and 2 baths.

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Mim Heisey, , Shippensburg, PA
Thu Jun 26, 2008
What I would suggest is to be very patient. Keith has given you a good run down on statistics for using or not using an professional real estate agent.. IS there a reason not related to finances that you think you want to walk thru the home sale maze on your own-- and likely against buyers who have a professional negotiator on their side?? Perhaps you like to take on big challenges?? or have had a bad experience in the past with an agent who behaved unprofessionally?? Something else??
Here are some of the things that you will need if you choose to go it without a REALTOR:
--Someone to price the property realistically-- and at the best possible place to maximize your net
--You'll need a good negotiator,
--someone to write up a solid contract for you, valid in your state and with as many of the contingencies covered, as possible
--an answering service to screen calls and set up appointments
-- someone to show the property, listening for cues of what that buyer is really looking for, and how to overcome objections by turning them in positives
--an advertising program (including signage, print, innernet and other creative adverising)
--did I mention a good negotiator, to respond to tentative offers, and ones that are less than full price.
--someone to advise you about inspections & tests that buyer asks to have performed
--someone to hold escrow. This might be the attorney who reviews thecontract(s) you have received and prepares a new deed for you.
--and did I mention a good negotiator who can get the contract--IN WRITING-- from the buyer with a cash deposit??
--a bank account to pay for these services as they are performed for you, and whether or not the sale actually goes to closing.

Hope that helps

I have worked with a very few home sellers who are also good negotiators-- which along with broad exposure of your home to a the maximum number of QUALIFIED BUYERS is what you need in a tight market. Even if you are a shrewd negotiator, most of us need help to look at the property objectively and fine tune its marketing for the best exposure to many buyers.
1 vote
Keith Sorem, Agent, Glendale, CA
Wed Jun 25, 2008
Did you say you wanted to sell your home, or sell your home for the most profit?
Statistics show clearly that owners selling their homes without professional representation sell for about 16% LESS than those sold by Realtors. Also, 86% of sellers eventually list with a Realtor.

Let me ask you , when you buy your next home, are you planning to use a Realtor? Why is that? Because we work for "free". So don't you think everyone thinks that way? The buyer that first sees the home they purchase sees it with a Realtor 90% of the time.

So why would you exclude 90% of the buyers? Now you can see the problem you have.

I know that you'll probaby pay the buyer's agent to work both sides of the transaction, right? So you'll pay someone half price to do two jobs. What kind of professional would take a 50% pay cut? Do you want that person representing you anyway?

Maybe you can sell on your own. 10% do. Why not talk with some REaltors, have them prepare an Estimate of Seller's Net Proceeds. You do the numbers. You make the call.

Good luck.
1 vote
Erica Ramus,…, Agent, Pottsville, PA
Thu Nov 4, 2010
THere is not enough information for an agent to reply to this. A good agent needs to see the interior of the home, know the neighborhood and address, and do a search for sold properties in the area. You cannot answer this quickly and easily with such vague details.
0 votes
Md, Home Buyer, Pennsylvania Furnace, PA
Thu Nov 4, 2010
What street are you located on? We may be moving there and will be seriously looking in the spring. You can contact me at mdrabik6@aol.com. We are looking to be "in town". We are not working with a realtor at this time.
0 votes
Deb, , Paoli, PA
Thu Jun 26, 2008
That you are asking this question is the first of many reasons why you should get an agent to sell your house for you. Let an agent do the number crunching. price trend analysis and home market valuations for you and together plan a marketing strategy that will get your home sold fast. You need someone who sells in your area has actually been in many of the comprable homes and can realistically compare yours with those. Untill I"ve been inside a home I would never venture a guess at what it might sell for. I know in our area even if you offer a 3% buyers commission most agents wont show your home to a client. And as Keith said since most serious buyers are working with an agent you've lost most of your opportunity to sell right there. There are many reasons why selling yourself is not a good idea from safety to not being able to qualify your buyers to statistically selling for much less then you would have got even with paying a commission. And remember closing costs are a tax write off.
Do yourself a huge favor and find a good local agent.
0 votes
Ellen Kellner, Agent, Hershey, PA
Wed Jun 25, 2008
Home prices in Hershey have been fairing well in this market, but prices per square foot vary by location within the township. In town homes have been enjoying a higher price per square foot and few days on market while the outer areas have been seeing a leveling. A fair range could run anywhere from $120/sq ft to $150. But that doesn't include extreme properties . Age, area within township, lot features and size, and home style all effect the price. Search Trulia and you'll see what is on the market now but it is really property solds and pending that will tell you the real story. Aside from price, making your home the best it can be is the best way to catch a buyer's interest. Clean and declutter. And don't turn your back on all those buyers who have actively engaged a Realtor to work on their behalf.
0 votes
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