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Home Selling in Morris County : Real Estate Advice

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  • Local Info4
  • Home Buying20
  • Home Selling1
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Activity 94
Mon Aug 27, 2012
JUAN GALLEGO answered:
please call me at 973-805-0156 to discuss your options

Thank You
Juan Gallego
0 votes 9 answers Share Flag
Sun Jul 29, 2012
Shalnee Arora answered:
Good afternoon Jane,

To retain the resale value of a home based on the exterior, it is important to remember that regular upkeep and maintenance is the key. If this upkeep includes replacing the siding and/or repainting or replacing the garage door, then this will hold some value in the eyes of a buyer. This may not increase the offer you receive, but it will hold the value in the price they feel it is worth. For example, if there are two homes that are exactly the same and your home has new siding, then the buyer will find your home more attractive and will find a greater value because of how well you have retained your home.

Shalnee Arora
www.ShalneeArora.net
917.853.2313 Direct

Coldwell Banker Morristown, NJ
211 South St, Morristown, NJ
973.267.8990
... more
0 votes 3 answers Share Flag
Wed Jul 25, 2012
Tej Bhatnagar answered:
I would think offering it directly to the buyer is better. Lowering the price will get the house to "pop into" more searches and therefore more buyers will look at the house. You can even do a $5K reduction in the price and offer $5K as a credit towards closing costs. That helps some buyers on the fence. Let me know how I can help. ... more
0 votes 27 answers Share Flag
Thu Jun 28, 2012
Shalnee Arora answered:
Good afternoon Dan,

When speaking of a group of homes in a general area it is important to note the differences. For example, if we are speaking of homes that are built by the same builder and each house boasts many of the same features (Hardwood floors, granite countertops, leveled lot, etc.) then the condition of the home is where the difference will lie. This is where you can add or subtract in order to get a more accurate feel of what price your home falls.

It is best to contact a real estate professional because we have all the tools and resources in order to assist you in the buying and selling of all your real estate needs.

Shalnee Arora
www.ShalneeArora.net
917.853.2313 Direct

Coldwell Banker Morristown, NJ
211 South St, Morristown, NJ
973.267.8990
... more
0 votes 10 answers Share Flag
Wed Jun 20, 2012
Jeanne Feenick answered:
I suspect that you are referring to township assessed. The relationship between price/value and township assessed varies by community - but I think it is fair to say that there are consistent relationships that can be seen among comps in a neighborhood/community. Getting more specific than that woud require further study of what you are looking at - but it can be done and the resulting data can be helpful as you evaluate properties and consider an offer and negotiating strategy.

Best,
Jeanne Feenick
Unwavering Commitment to Service, Unsurpassed Results
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0 votes 10 answers Share Flag
Mon Jun 18, 2012
Jeffrey Halpern answered:
As previously mentioned Commissions in New Jersey are negotiable. Any agent that states the "standard" is actually committing an antu-trust violation.
But to answer your question, it is not the commission amount that is the worry it's what the seller puts in their pocket after closing. A good Realtor will place all their marketing into the home to get the highest price and when that offer comes in, it is their negotiuating prowess that brings the price up even a little higher which makes up for the discount broker whose sole purpose is usually not getting the highest net for the seller, just getting it sold for the sales sake.
It is best to interview more than one agent when looking to sell your home. Thier marketing plan must be complete, the pricing strategy should be succinct and most of all, you must feel comfortable with the agent.
... more
0 votes 13 answers Share Flag
Fri Jun 8, 2012
Lynda Hester-D'Orio answered:
Hi,
Realtors get this question often when potential sellers refer to automated estimates they can get off of websites. My advice to you is to invite me in to give you a complimentary market analysis. An experienced realtor will give you the picture of the current marketplace, provide you a personalized marketing plan and give you the best idea of what your home can sell for.
The algorithms used in these boiler plate programs are no substitute for a professional who sees all the inventory and knows where your home would stand in the market and what has recently sold and how it would impact your sale.
Please call on me if you would like to consider using a top Realtor in your area to represent you. I'd be happy to discuss your home in detail.
Lynda
... more
0 votes 9 answers Share Flag
Tue May 15, 2012
Jeanne Feenick answered:
I just had a transaction fall apart as the price escalated over asking and the seller wanted assurances that the buyer would proceed regardless of appraisal. Can't help but caution sellers on the potential uneasiness on the part of a buyer if the home underappraises - essentially that is an objective source opining on the value of the home. If it falls short of what you have agreed to pay, it can really undermine the buyer's confidence and enthusiasm -- even if they agree to pay the difference and have the resources to do so.

Best,
Jeanne Feenick
Unwavering Commitment to Service, Unsurpassed Results
... more
0 votes 8 answers Share Flag
Sun May 13, 2012
Shashi Gupta answered:
There is no definite %difference between the sales price n the appraisal value in Norristown or any city in morris county . Appraisal value is done for loan to the buyer to buy that home and appraiser is appointed by bank. Bank wants to make sure home is worth for the loan so instructions given to the appraisal are tight. So now adays most of the time they appraise low. Same style house with exact same square feet can appraise different value as they have different amenities such as pool,extra bath,finished basement.....etc. ... more
0 votes 9 answers Share Flag
Tue Apr 24, 2012
Jacques Ambron answered:
Commission rates can not be openly discussed on open forums by licensed individuals. That being said, when you look for a broker, perhaps the commission rates is not as important as the services and results you can expect. There is such a thing as value. Is it more valuable to pay a higher commission and get your property handled correctly and with maximum reults?

Best of luck
... more
0 votes 8 answers Share Flag
Tue Apr 3, 2012
My NC Homes Team answered:
If you are in the position, do yourself a huge favor and contact a local attorney who specializes in real estate. Unless you have already hammered out an agreement with the lender the short answer is you must bring a certified check to the closing for the shortfall. There is absolutely no possibility that you may wrap up the amount you owe in a new mortgage for any reason under any circumstances.

Unless you are prepared to simply write a check for the shortfall, please go speak with an attorney today.
... more
1 vote 12 answers Share Flag
Thu Nov 24, 2011
Rick Ambrose answered:
Call three realtors and have them present their comparables to you - IF you are seriously considering selling. If just curious, go to www.realtor.com and find similar homes in your area and see what they're asking. Most online calculators will not add value for waterfront locations, so don't waste your time on them. ... more
0 votes 5 answers Share Flag
Thu Sep 15, 2011
Dave holmoe answered:
In South Dakota it is legal to offer rebates. I have been offering sellers 1 to 1.5% off the normal (negotiated) listing fee since the law was changed. I offer buyers a one percent rebate when they purchase a home through my firm. It is my way of giving back to clients and it is especially wonderful to work with clients who list and then purchase a home. I can't imagine why you would charge full commission fees for being able to
handle two transactions with the same wonderful clients. When the market is moving, I guarantee the sale of a listing in order to allow the client to purchase their next home stress free. In todays market, it is difficult to offer
that service. You can call it discount brokerage or whatever you like but it still gets the job done and for a lot
less and happy cllients always spread the word. Buyers and sellers only have to ask around and they will find
a broker who will offer them a rebate on commission fees if allowed in your area. When you understand that the listing agent rarely sells his own listing, then why not expect a discount.
... more
0 votes 14 answers Share Flag
Tue Jul 19, 2011
John Paris answered:
I am a Remax agent and I work at the office who has the listing at 10 Connelly Ave in Budd Lake..
The asking price was $335,900 and the home was just recently sold..
If I can help you please let me know.

Have A Great Night!
John Paris
... more
0 votes 3 answers Share Flag
Tue Jul 19, 2011
Doug Tucker answered:
We believe in staging the home so much so that we offer a free service. Many times owners need some time to make the changes they want to, and so we have our stager come in first, and then assist the homeseller to accomplish the goals they chose from the recomendations. ... more
0 votes 21 answers Share Flag
Mon Jul 18, 2011
Jennifer Blanchard answered:
Hi Carol,
It's frustrating to be on the market with no movement! Unfortunately, while marketing is a big part of how quickly a home sells, in today's market it is primarily about price. If you are asking if it's too high, than it most likely is. Good Luck!
Jennifer
... more
0 votes 7 answers Share Flag
Fri Oct 1, 2010
Murray Plishtin answered:
No.
Nothing over a million in the areas you specify.
Higher price home sales in Montville have slowed down over the past few years in line with the real estate recession.
If you would like a market appraisal of your properties worth, please contact me.
Our office is the Parsippany/Montville office of Weichert Realtors, and we specialize in this area.
Direct phone # 201-618-0309
Best of luck,
Murph Plishtin
... more
0 votes 3 answers Share Flag
Fri Sep 17, 2010
Murray Plishtin answered:
Jr
I'd do 2 things.
One of course is to price the house aggresively for sale, after making sure it is clean, uncluttered, painted etc.
Number 2 is make sure the Buyers Broker gets a solid commission, like 3%
Too often I see 2% to buyers broker on the MLS. With the glut of houses on the market, why show a 2% listing? Most give 2.5% to the B.B. If you want maximum showings, up it to 3%!
Feel free to call for advise
Murph Plishtin
... more
0 votes 39 answers Share Flag
Wed Sep 15, 2010
Murray Plishtin answered:
Hi Mindy,
Parsippany is a great town. The schools are good, the location is idea, and it has a diverse population.
Easy access to NYC, and Routes 10, 46 280 and 80 make it a transportation hub. This is one reason why so many large companies have settled in town.
As for being a good investment> In a word YES.
One of the main reasons being the location and large companies I spoke of.
I get a steady number of inquiries from people and companies who need housing because of relocation into our area.
Hope to see you in town
Murph Plishtin
... more
0 votes 11 answers Share Flag
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