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Lake View : Real Estate Advice

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Mon Apr 24, 2017
Kathy Burgreen answered:
Log in and from the homepage, go to "Sell" and post your home for sale.

As a former realtor & life long resident in NY, you need to learn the following:

1. Since you're in upstate NY, real estate is far different than downstate NY.
2. Out of state buyers will have sticker shock when looking at how much property taxes are. Property taxes are calculated differently in NY vs. the rest of the country.
3. You can sell your home by owner BUT you need to be aware that the marketing, showings, negotiations are all on you. You will need a title company and a real estate attorney. You will be saving money since you're not listing with a realtor.
4. Google and research "Flat fee brokers" This is a middle ground method where you can post your home for sale on the local MLS system for a small fee and you will be required to pay a buyers broker a 3% commission BUT you save about 3% not listing with a full service broker.
5. Pay for a professional photographer. Amateur / cell phone pictures look horrible on real estate websites.
6. Since you had a realtor, did you review the comps? Did you analyze what homes in your neighborhood sold for, how long were they on the market, any price reductions before being sold, any homes under contract & have they been sold yet, any current active listings and how much are they selling for or any price reductions. Bottom line is you need to price your home fairly and realistically, Even if it's lower than what you want - you need to learn that the price has to attract buyers to submit offers. It has nothing to do with how much of a profit you will make. Look at it this way - if you are asking too much, buyers will submit offers on your neighbor's house - not yours. Your home will stay on the market until buyers see a fair price that they can afford.

Good Luck!
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