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Home Selling in Plymouth : Real Estate Advice

  • All60
  • Local Info5
  • Home Buying15
  • Home Selling7
  • Market Conditions2

Activity 7
Wed Jun 14, 2017
Minnerbaldwin answered:
If I'm approve for short sale what happen to the balance.? Will tje balance be considered as part of my yearly salary and I will get a 1099 from the bank.
Please help
0 votes 31 answers Share Flag
Wed Feb 26, 2014
Gina Schedivy answered:
It sounds like you have a verbal offer at this time. I suggest you keep showing the home until you have a signed purchase agreement. Your listing agent should be able to answer your questions regarding contingent offers. I would suggest you not accept an offer that is contingent unless the property is already on the market.

That's my two cents!

Gina Schedivy, Realtor
Geisinger Group, Inc.
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0 votes 10 answers Share Flag
Sun Dec 12, 2010
Cathy Wildung answered:
Hi Valerie,
Unfortunately, unless you are late on your payments, from what I understand about mortagages and short sales, the lender will not let you do a short sale. You have to have missed one or more payments and be able to prove financial hardship. Just because you are upside down on the mortage is not enough reason to qualify for a short sale.

I agree that in this case, the best option would be either to rent it out (with a steep deposit and first and last month's rent) or find someone that wants a Contract for Deed. There are buyers out there that would like a Contract for Deed that can't qualify for a mortgage now because of the new strict credit guidelines or have a poor credit history. I just answered a question from someone in the Plymouth area that is wanting to buy but has bad credit right now. If someone defaults on a CD, you can easily call the loan due and take back the house, in addition to keeping all of the payments that have already been made.
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Sun Aug 30, 2009
Mnboy answered:
I tried searching the Tax Records for your house I was unsuccessful. Plymouth sends out appraisers regularly. Your Tax value is probably a pretty good number. It will get you close. You need to use metrics like Tax value, cost per square foot, comps, subjective opinions, and anything else to determine your price.
We have done some business in the TH's in Wyndemere. We would have to see the property, 4 beds up, 4 baths are still selling pretty good. Lot sounds nice, familys want outdoor space. It is about functional needs. Few are moving unless they need a bigger house or a job change. It becomes a shopping situation, people a looking for the best deal that fits their needs. I am guessing you are in the $599-549 listing price range. If you got some nice features, condition is very good, you will be closer to $599 for the list price.
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Thu Aug 14, 2008
Angela Niece answered:
Look on each agents site to see if they are willing to put anything on their site that shows they do more then other agents in the area. If they are not, they most likely do not do anything other then the MLS. Visit my site then decide if you think you should call me.
I spent almost a million dollars on marketing and staff to sell my personal listings last year and worked with 177 buyers and sellers. You need and agent that works the hours, works smart and advertises not only in Plymouth but in all of the cities around Plymouth. You should also find out how many buyers your listing agent worked with last year. I worked with 70. It shows I am not just sitting around waiting for someone else to sell your home. Whoever you pick, make sure they work with both buyers and sellers.
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Sat Aug 9, 2008
Jackie Funk answered:
Thanks Julie -- I see it is in Plymouth, MA which is a market I don't know, but can certainly give my perspective based on what I see. Is a very nice house, but the landscaping in front could be changed to enhance the features of the house - the large shrubs don't do much, put flower boxes on the lower half of the windows. Bedroom #2 - take out one of the beds if you can - two twin beds make it look too crowded. Lower level - pack mostly everything and leave the essentials furniture, tv. I know Sellers get tired of us saying how PERFECT your house needs to be, but the competition is fierce out there and you need to be priced below market or show Buyers why your home is worth MORE! The home has some great features from what I see, such as the wood floors, great kitchen, nice yard, etc.

Do your very best to be ready for showings at a moment's notice. Most of the time we schedule about 8 homes to see and if one of them is not available when we request it, I rarely ever get a chance to show it again. Also - be patient and let EVERYONE you know that you're selling the home. The answers can go on here as you can see. Best of luck to you!
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Sun Jun 29, 2008
Aaron Dickinson answered:
The upgrades are nice but the rule of thumb is that you get 70%-80% return on your upgrades and as the other agents have mentioned, location and age have a lot to do with it as well. One thing that isn't discussed as much is timing. Competition for buyers is tough right now but houses priced right are selling quickly this time of year because there is still a lot of activity. In a few months we'll see substantially fewer buyers on the market and therefore the competition will be even tougher and we'll see prices track further downward.

If you're selling this year, get a few agents in to the house as soon as you can and get it ready for sale ASAP.
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