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Home Selling in Pittsburgh : Real Estate Advice

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  • Home Buying384
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Activity 76
Gary Swank, Real Estate Pro in Pittsburgh, PA
Tue Aug 12, 2014
Gary Swank answered:
This may be an old posting, but it bears discussion. Basically there are 2 ways to look at property value: CMA and appraisal. (Of course there are others, such as AVMs which lack personal knowledge by the professionals.) A CMA (Comparative Market Analysis) is generally prepared by an agent/broker while an appraisal is prepared by a licensed and certified appraiser. The only value a lender will consider is an appraisal which is why an appraisal is ordered when you are financing your home purchase. A CMA is used by agents to look at comparable properties that are for sale or are sold to help a buyer determine if their offer is in range, or if a listing price meets the local norms. Best to discuss further in person with your agent. Thank you! ... more
1 vote 15 answers Share Flag
Dan Tabit, Real Estate Pro in Issaquah, WA
Wed Jun 18, 2014
Dan Tabit answered:
Manzer,
With 19 showings you're doing something right, with 2 unacceptable offers and your uncertainty, you need some better advice than we can offer here. Ideally you have an outstanding agent who can review the offers, the market, the qualifications of the buyers and all the other things that must be considered so they can properly advise you.
Any advice beyond that here is just guessing without all the facts.
... more
0 votes 3 answers Share Flag
Dan Haeck, Real Estate Pro in Pittsburgh, PA
Sat May 17, 2014
Dan Haeck answered:
There is no good way to answer your question with a hard fast price without knowing more about the home and seeing it in pictures or better yet, in person. We as Realtors, can't do a good CMA unless we see the house, the area, the yard, driveway, garage, and the features of the house in person. It could be 100 years old or 7 years old, it may have foundation issues, or be just perfect! With the information provided, the only thing that can be said is that it is a large home in Avalon with some great features and appliances. With the info given, one could only quote square footage prices for new homes which begin at about $100 per sq.' which if indeed your home has 4,696 sq.' of living space above ground, puts it at about $500K to build it new with a builder like Maronda Homes. The average sale price of homes selling in Avalon in the last two years is about $150K so I am thinking that there is probably much more to the story that needs to be looked at before this can be answered properly. ... more
0 votes 4 answers Share Flag
Anne Barring…, Real Estate Pro in Parker, CO
Fri Jan 24, 2014
Anne Barrington answered:
Yes, peeling paint is a red flag. Your agent is advising you correctly. We ask home owners to address maintenance issues before listing the home. Sometimes even a pre-list inspection. Go into the listing with the best foot forward. Good Luck! ... more
0 votes 13 answers Share Flag
Ruth and Per…, Real Estate Pro in Los Gatos, CA
Thu Jan 2, 2014
Ruth and Perry Mistry answered:
Hi Sharron

Thanks for your question. Happy New Year.

Start by de-cluttering and de-personalizing your home.

Paint inside and outside the home. Consider staging your home.

Consider a Spring or Summer sale,

Have property inspections done, and address the issues brought up
in those inspections.

Tend to your Garden, and first impressions.

Understand the local market, and compare the location, size, attributes,
issues if any. Then call the many fine local agents responding to your question
on Trulia.


Good luck.

Ruth
... more
0 votes 12 answers Share Flag
Mack McCoy, Real Estate Pro in Seattle, WA
Thu Aug 8, 2013
Mack McCoy answered:
The communication is the really important part of this.

At the outset, it is essential that the client and agent understand and agree on things. How often will we talk, under what circumstances, how will the property be shown, will there be open houses / brochures / muffins, will there be feedback calls, et cetera.

There is no best way. Well, WE all think that WE do it the best way, but, everybody's different.

I want to suggest to that you compile a list of expectations for the agent, call them up, and be straight with them. "Gee, agent, I really thought that you'd be doing . . .," and see what they say.

All the best,
... more
0 votes 19 answers Share Flag
Donna and Joe…, Real Estate Pro in Southampton, PA
Sun Jun 30, 2013
Donna and Joe Cragin answered:
I am not in your area, so I can honestly tell you, 9 times out of 10, you will net more funds at settlement selling through a realtor than yourself. More exposure means more showings and a higher net. Plus, you will fair better through inspections with an experienced realtor.

JMHO,
Donna
... more
0 votes 10 answers Share Flag
Brian Teyssi…, Real Estate Pro in Pittsburgh, PA
Sat May 11, 2013
Brian Teyssier answered:
Thanks for posting your question on Trulia.com!

Seller can cancel anytime, BUT there will be many penalties & potential lawsuits. Your last chance is if the buyer misses the mortgage contingency. That is about the last contingency to clear.

Good luck.
... more
0 votes 4 answers Share Flag
Rita A. Walk…, Real Estate Pro in Louisville, KY
Thu Apr 11, 2013
Rita A. Walker answered:
I am not sure when elementary schools in your area have Spring break. That is traditionally a week when many agents and families are away to warmer climates.
That does not mean there are not Buyers shopping.
Spring temperatures will bring many Buyers out.

There are several ways to check how much traffic to expect to view your home. The first is how many homes are selling in your area? How does your price compare and how does your home compare to those that are selling?

If your Realtor syndicates, have him/her check the stats of how many views the home is getting. They can also give you statistics on recent listings, contracts and closings.

Relax, think positive, and make it easy for Buyers to see your home on short notice.
Good Luck with you sale,
Rita
... more
0 votes 9 answers Share Flag
Tony Thrift, Real Estate Pro in Warren, PA
Tue Mar 26, 2013
Tony Thrift answered:
I would think that if you contractually agreed to 6%, you should return that $900 to the buyers. However, if it was awarded to you on the HUD, the closing agent is required to give it to you. Then you and the buyer would work together outisde of closing to work out who gets the $900. If I were your agent, I would recommend that you forward it to the buyer.

But I think it's kind of subjective as to how and agent would advise you in this case...
... more
0 votes 14 answers Share Flag
Tony Thrift, Real Estate Pro in Warren, PA
Tue Mar 26, 2013
Tony Thrift answered:
You'll need to check with the agent that listed the home. It may not have yet been entered on the MLS and/or Trulia...
0 votes 8 answers Share Flag
Tony Thrift, Real Estate Pro in Warren, PA
Tue Mar 26, 2013
Tony Thrift answered:
As far as I know, 6% is the maximum seller assist that can be obtained. However, if the roof is a lender or FHA-required repair, it isn't considered seller assist... In that case, you may be able to get both. ... more
1 vote 9 answers Share Flag
Tammy Sorco, Real Estate Pro in Pittsburgh, PA
Wed Feb 6, 2013
Tammy Sorco answered:
That is quite a bit higher than the surrounding homes that you described. I would recommend getting an appraiser to do a full appraisal. You want to make sure that you are not in a transaction and then it appraises too low for the buyer to get the mortgage. It is best to have the information at hand and t you can make a decision based on facts and how the bank may view your property as an investment when lending on a mortgage. ... more
0 votes 8 answers Share Flag
Tammy Sorco, Real Estate Pro in Pittsburgh, PA
Wed Feb 6, 2013
Tammy Sorco answered:
When you are listing your home AS IS, you are limiting your market. It is intimidating to many buyers and they think the worst, before even viewing the home. You should adjust the price to make it the best value on the market and the buyers will realize that improvements can be made after the purchase to update the kitchen and other areas of the home. This will not get the highest price for you but it will allow you to move forward on another home on the market. I have many clients that ask to look at homes that may be dated but in the location that would meet their criteria and would be affordable to purchase and they can update as it is in their budget. ... more
0 votes 18 answers Share Flag
Tammy Sorco, Real Estate Pro in Pittsburgh, PA
Wed Feb 6, 2013
Tammy Sorco answered:
You need to find an agent that you are comfortable working with and ask them to guide you in the different areas and average price of recent sales.
0 votes 4 answers Share Flag
Tammy Sorco, Real Estate Pro in Pittsburgh, PA
Wed Feb 6, 2013
Tammy Sorco answered:
You should have a market analysis done by an agent to determine the market activity and how your home compares to recent sales. The allowance varies in each neighborhood. There are many first time home buyers that take advantage of FHA loans, due to the little money that is needed up front to purchase a home but they have to have the income and credit to qualify, these transactions can include 3-6% in seller assistance towards their closing costs. ... more
0 votes 7 answers Share Flag
Diane Beck, Real Estate Pro in Allison Park, PA
Sat Mar 3, 2012
Diane Beck answered:
As previously mentioned staging is number one on the list. In a matter of a few hours a home staging professional can perform a staging evaluation. It will start with curb appeal and walk through of your entire home making recommendations for improvements to prepare the home for sale. Most often these improvements can be done by the homeowner at a reasonable cost. Simple changes can make a huge difference. In addition to a clean updated home the right paint colors, furniture and accessory placement will enhance the best features of each room. This enables the home to be photographed well which is critical in home sales today. Buyers are looking on line first and will bypass any homes that aren't aesthetically appealing.

Diane Beck, Principal Owner and Lead Stylist at VIBRANT Interiors,
utilizes her talents and know-how to help homeowner’s and real estate
agents merchandise homes and style rooms families love to live in.
For expert staging and styling advice check out the VIBRANT Interiors
website.
... more
0 votes 6 answers Share Flag
James Vandeck, Real Estate Pro in Pittsburgh, PA
Wed Feb 29, 2012
James Vandeck answered:
If the buyer wants a survey it usually is his responsibility to get it and pay for it. Or, if might be a good negotiatin point if you pay for it. But, typically, the buyer pays for the survey... ... more
0 votes 14 answers Share Flag
Luther Worma…, Real Estate Pro in North Huntingdon, PA
Fri Nov 11, 2011
Luther Wormack answered:
Now there is an interesting thought. The top seller with the lowest rates. Patti how about looking for an agent that will give you the greatest return. When it's all said in done isn't that what's important to you. I've closed several transactions just in October with many happy clients. And I've never been the agent with the lowest rates and I probably won't ever be.

I'd be more than happy to discuss it with you, but just so you know you won't be getting the cheapest but you will be getting results. Hope this helps
... more
0 votes 11 answers Share Flag
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