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Home Buying in La Porte : Real Estate Advice

  • All17
  • Local Info1
  • Home Buying5
  • Home Selling1
  • Market Conditions3

Activity 5
Tue Nov 17, 2015
Courtney Denman asked:
Wed Jun 4, 2014
Kim Oldfield answered:
Contact me for more information....Homeowner Opportunity Program – A Disaster Recovery Housing Program through which income-qualified applicants who lives in FEMA-designated “High Risk” areas or
areas of high minority and/or poverty concentration (as approved by GLO) may elect to
relocate to a safer and higher opportunity area. This program will involve relocation
counseling and the provision of licensed real estate professionals to explain the options and
choices available.
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Wed Jul 25, 2012
Ron Thomas answered:
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.
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Thu Jun 7, 2012
Guy Gimenez answered:
No way to answer you question with any kind of certainty because your post doesn't contain enough information. Do you mean only buyer's closing costs / fees....both buyer's and seller's closing costs / fees....buyer agent fees? ... more
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Mon Apr 27, 2009
Margaret T. Hatcher answered:
How is it being fixed that you will not be liable. Is it an agreement from the court or an agreement from the finance company.
Take the agreement to a lender and check. If it is an agreement with the wife - give up.
Please let us know about the agreement and the answer when you find out. Thank you
Good luck
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