Is it a listing or public information? If it's listed and the listing info is wrong, then the listing agent needs to correct it. If it is public information then that needs to be updated by the county or town that has it wrong.... more
If their home is "under priced" as you claim, then just sit back and watch it sell - probably with multiple offers - probably over asking price.
You can sit and watch that happen, or...............you can get in the game and compete with them.
Lower your price.
What they (or you) paid for the home has nothing to do with what it will sell for in today's market.
Their motivation to sell is certainly important, but....I would hope that you're equally motivated.
The fact that it is 500 sq ft larger than your home DOES matter.
How does your home "show" compared to their home?? That matters, too.
If you take your home off the market (don't see any reason to do that), you will still have to deal with their sale price.....if they ultimately sell for less than 500,000 it will set a "comp" for the neighborhood which will make it harder to convince a buyer, or more importantly, an appraiser, that your (smaller) home is worth more.
There are choices you may want to consider before entering into a short sale that will bring consequences to your credit. You may want to rent out your home and move in with friends or family to save money to make your move. Some people look for a way to bring in more money such as moving up to a higher paying job or taking on a 2nd job.
Prudential California Realty
DRE 985176... more
I agree with several agents below. You need to sit down with a professional and compare the two homes. The agent you are working with might not have done this for you. Often, agents ask the seller what price they are looking to net, and then use that as the listing price, without taking into account the market absorption rate of the area. A professional agent will pull all those numbers and sit down to explain them to you. You should also look for someone who is very proactive in their marketing. For instance, we go door knocking every weekend, as the market has shown us that often times neighbors know of someone looking to get into the neighborhood. If you need anything, don't hesitate to call me at 724-5831 or email me at BobEberle@KW.com. www.TeamEberle.com... more
The only way to answer your question is with more questions. Did your agent do a market value analysis to help determine the correct price for your home or is that your price based on what you feel you need. Is your home priced right? What is your asking price per sq ft vs other properties on the market or recently sold. For example if a similar condition home in the neighborhood is 1800 sq ft and another 1750 sq ft and sold for 207,000 & 204,500 (same number of bedrooms & baths etc.) that is approx $116 per sq ft. If yours is 1875 sq ft X 116 =$217,500. Have the buyers offered reasons for their lower offers? Do you need a new roof or is your furnace older? The bottom line is that although you set the asking price of your home, the market conditions set the value of your home. First through the buyers eyes & then through the appraiser & bank's opinion. If your home has gotten several offers $20,000 less than your asking price then that is what the market is telling you is the current value. On the bright side consider this. If you are planning to purchase a more expensive home, that home is also worth less in the current market. 155,000 -20,000 =13% less/ new home at 250,000 minus 13% =26,000 You actually save $6000 by buying now!!... more
Hi - I have friends who live in Johnsonville and their kids go to Hoosic Valley - what a great place to live!
Of course the big question is, would you like to have a garage? I always tell people who are thinking of making some changes to a home but plan on staying there for a while before putting it on the market - will you get value from the change before you sell?
I would be more then happy to show you a comparison of properties that have sold recently in the area with and without garages so we can ascertain how much adding a garage would add as far as value. However, I know there are a lot of people in that area that have "big boy toys" such as snowmobiles and off road motorcycles/atvs. They might appreciate having a place to store them.
I work in Rensselaer county, and I also live here, and I know your area well. Please contact me offline about the research.... more
Great question! I am hesitant to generalize here, not knowing your specific situation, but a closing should occur within 45 days in a perfect world! The attorney's i typically work with in the area are communicative and efficient....Thanks, Ken.......... more
First of all ASKING price is not the same as SOLD price - if you want that let me know. Otherwise see the web reference link to see all land available currently in Schaghticoke ... it might give you an idea for asking price. However, make sure you compare apples to apples - ie, is it an approved building lot, has a survey been done, what type of well / septic system will be needed and is there approvals in place for them?... more