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Asked by rs, Three Forks, MT Sun Jul 13, 2008

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Answers

4
Don Tepper, Agent, Burke, VA
Sun Jul 13, 2008
Good advice below. I'd suggest analyzing your dilemma. You say you "need to sell fast." OK. That calls for one strategy.

But you "want to relocate." That's substantially down on your hierarchy of needs.

And you "want to get out of our home what we paid for it." That's certainly understandable. But....

Prioritize. Do you NEED to sell? Some people confuse "need" with "want." Most people I've run into don't really need to sell. They want to because they've outgrown their current home. Or because a spouse is being transferred. Or for a hundred other reasons. Often, though, it turns out to be a DESIRE, not a NEED. You need to distinguish between the two.

OK. Let's say you need to sell. You say you need to sell "fast!" Define "fast." Ten days? That's pretty fast. Two months? That's still fast in today's market, but results in an entirely different strategy. Four months? Another strategy.

You "want" to relocate. OK. But your desire to relocate may be unconnected, or only slightly connnected to your need (or desire) to sell. And from an investor's or buyer's standpoint, whether you wish to relocate has little bearing on the purchase decision. That'll be decided by your house's price, condition, location, and any terms you offer.

You "want" to get what you paid for your home. We all would. However, prioritize that. As a broad rule of thumb, you'll find that the quicker you sell, the less you'll sell for. You can sell to an investor tomorrow for 60% of market value, and close in 10 days. No problem. But, again, prioritize. Balance the speed of sale with how much you'd like to receive for the house.

Once you've sorted through your priorities (sell or not sell, quickly or slowly, need/desire to receive what you paid for it), interview 3 good Realtors in your area. Ask them for a CMA, to determine your home's worth. Ask them for their recommendations. Decide whether you really need to sell. Or whether you can afford to sell. If so, then select an agent.

Good luck.
0 votes
Bryce Sulliv…, , Bozeman, MT
Sun Jul 13, 2008
That is a tough situation that many are in. There are a number of things you should do to get your home sold. The best thing you can do right now is get exposure to your home for sale on the internet. Over 84% of home buyers start their search on the internet. Also, letting everyone in your town know about your home for sale is inportant, because they may know of family or friends who are interested in living there. Getting at least what you paid for it is an unpredictable deal. The fact is that prices have come down over the last 2 years. However, they are stabilizing and things are selling right now! How is the condition of your home? Do you receive compliments when visitors come in? What makes your home better than your competition? Just things to consider, hope that helps!
0 votes
Vicky Chrisn…, , 20176
Sun Jul 13, 2008
depending on when you purchased, that may or may not be possible. A local agent can help you price it and stage it properly.
0 votes
Daniel, , Baton Rouge, LA
Sun Jul 13, 2008
hire an agent, clean, declutter, drop your price til its the lowest on the block per foot

pray, then drink, then pray some more
0 votes
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