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Home Selling in Portsmouth : Real Estate Advice

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  • Local Info13
  • Home Buying31
  • Home Selling5
  • Market Conditions7

Activity 9
Geraldine Jo…, Home Buyer in Portsmouth, VA
Thu Sep 29, 2016
Geraldine Johnson asked:
Westbury Homes are beautiful, quiet, crime free, with friendly neighbors and safe. The realtors will not dare tell you anything good about Westbury Homes, they prevents homeowners from selling…
0 votes 0 Answers Share Flag
Mark Edwards, Real Estate Pro in Suffolk, VA
Sun Jan 29, 2012
Mark Edwards answered:
The difference in listing and selling price may differ by neighborhood and also by price range. You'll probably see a larger difference in higher price ranges. Foreclosure and short sale listings will also weight that difference.

In my opinion, how a home shows means alot in terms of market time and the gap in listed/selling price. If an owner has priced it right to begin with (which is a possibility) and it shows very well, it'll probably have a better record of selling to asking price.

It does depend on area, and I've seen home pricing to be much more competitive than in recent years. Incentives being offered will also greatly affect the gap (more incentives, usually means a smaller gap).

Good luck,
Mark Edwards, East West Realty
... more
0 votes 10 answers Share Flag
Myr, Home Owner in Arizona
Thu Nov 17, 2011
Myr answered:
200K, im selling my home at echo ct..been there since 1987,quite,good neighboorhood,closed to Hofflers Creek,school,golf course,movie theaterr,restaurant,post office & grocery stores.. ... more
0 votes 1 answer Share Flag
Scott Godzyk, Real Estate Pro in Manchester, NH
Thu Jan 7, 2010
Scott Godzyk answered:
If they hold the first and second mortgage your chances are better than if hsbc is a second and someone else holds the first. If this is teh case, the 1st mortgage holder will not want anything going to teh 2nd as if they foreclose they get wiped out and get nothing, so they dont have to give up any of their money to them. I have scene cases where the 1st mortgage does allow a token amount to go unless teh 1st is paid in full. Feb 4, 2010 is not that far away, your negotiator will have to move fast. good luck... ... more
0 votes 1 answer Share Flag
Joe Salcedo,  in San Jose, CA
Fri Oct 30, 2009
Joe Salcedo answered:
How did you get this Agent ? Do you know him well or got the phone in ask for a REaltor,
my advice to you is get those agent who are aggreesive enough in you neigbor-
hood know the area well and also expert on Short Sale......get her a testimonial
from the previous clients.
... more
0 votes 5 answers Share Flag
Voices Member,  in Benton County, OR
Thu Sep 24, 2009
Voices Member answered:
Richard

The Official answer is you need to have an Agent put it on the site for you. If you have an Agent you can have them go here and list it on Trulia for you (It's Free)..
http://www.trulia.com/submit_listings/

If you are doing an FSBO then you can find any of the many Flat-Fee services to list your Home here and on other sites like Realtor.com, MLS ect...

Also you can choose to follow Trulias response to this question and contact them...

From Emily of Trulia....."If you are selling your home on your own, please note that Trulia does not include FSBO listings within our search results, however you can talk to our sales team to learn more about advertising options that you may may be able to take advantage of. Please call 888-568-6487 if you'd like to learn more. "

Dunes
... more
2 votes 2 answers Share Flag
Tim Churchwe…, Real Estate Pro in Chesapeake, VA
Wed Apr 30, 2008
Tim Churchwell answered:
William,
Sit down with someone who understands rates of return on income properties. Fortunately, income properties are very much a business/financial decision. Run an analysis on the property "as is" and then run an analysis as if the property were updated. Factor in the cost of updating and see if you can realistically get a better return for the expenditures. ... more
0 votes 8 answers Share Flag
J Lo, Home Buyer in California Glory, Br...
Fri Sep 14, 2007
J Lo answered:
Hi Graham: Jim answered first & its getting bogged down so I want to reference it here:


Jim wrote:
According to Realtor.com there are approximately 638 homes listed by Realtors in Portsmouth, Virginia.
25 are under $100,000
125 are between $100,000 to $150,000
209 are between $150,000 and $200,000
234 homes are between $200,000 and $300,000
60 are between $300,000 and $400,000
17 are between $400,000 and $500,000
21 are between $500,000 and $1,750,000


Graham - where do you stack up here? How many are you competing against & what sets you apart? Are you on the high or low end of the scale - and going lower with better marketing will get you how much more or less competition?

Rise above - preview your competition - see what they have - who sold recently in your price and offer range? See what they had that you didn't!

Don't rest on your laurels - so you renovated and kept up the landscaping - this is actually just average "for sale" steps. Now is the time to separate the boys from the men - step up and get noticed!
... more
1 vote 8 answers Share Flag
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