Most articles regarding the real estate market state that the housing market has recovered. However, my 55 + community always has more homes for sale then the surrounding areas. This supply/demand ratio has been true since we moved here 9 years ago. Some of the reasons were the market down turn and most recently the Canadian dollar exchange rate. It seems supply is always higher then demand. Plus, we have 1 agent (who lives in the community) who lists 99% of the homes in the community. This agent, of course, uses his own listings as a comparable when suggesting sale prices I believe that is a major reason the prices in our community have stagnated.
It is frustrating when you cannot even get the price you paid for a new home 10 years ago. I don't think I'll ever buy another home in a 55+ community.... more
As a realtor in a largely second home market, where sellers often offer there homes turnkey furnished, most of my sellers include the furniture at zero value, for loan purposes and/or tax purposes. The reason for that is that they usually don't need the furniture since their primary home is elseswhere. It would cost them more time and trouble and even expenses to deal with selling the furniture or moving it out, so they just keep the furniture there at the second home for staging purposes and offer it for free, in order to make the sale of their property more attractive to prospective buyers.
That being said, some sellers like to have a set amount needed to purchase the furnishings and art outside of the purchase agreement, in a separate addendum, which can also be paid through escrow, because it lowers their tax on the transaction, and it can lessen the property taxes for the buyers due to the fact that property taxes are based on the sales price of the home.
In general, though, most sellers just throw in the furniture for free. That way buyers can move in and change out furniture as they wish when they move in.
Hope this helps!
Realtor for desert cities, from Palm Springs to Indio!... more
Still trying to figure out some way to sabotage your escrow? You should probably read this article: http://homeguides.sfgate.com/still-sell-house-after-accepting-offer-57431.html
And get an attorney!... more
Your best bet is to google established real estate agencies in this area. They should be helpful in directing you to properties and cultural and other buyer information on the net. In addition, they may have in house information. it should be constructive to start a dialogue with one or more agencies. You can also look at agent bios on those sites.... more
That's a strange one, but I am aware of one such situation. Much would depend on the precise circumstances. Are you talking about trying to force the buyers' agent to accept lower-than-contract commission, or something more like asking the agent to put money into the deal to cover part of the repairs?... more
The cove is a unique entity in and of itself. It is primarily single family homes, however there are apartments at what we refer to as the "bottom" or lower part of the cove. This causes there to be a different type of resident living there, as they are not fancy apartments, if you catch my drift. The top of the cove is completely different. That is why homes at the top of the cove are typically more expensive.
Everyone watches out for each other, and we have a number of law enforcement, or former law enforcement folks living there.... more