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Home Selling in Renton : Real Estate Advice

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  • Home Buying13
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Activity 6
Tue Feb 3, 2015
Annette Lawrence answered:
Did you present the exact same question to the folks at Zillow?
My continuous study, covering the sale of 100's of home in 8 pricing brackets reveal ZILLOW is the purveyor of egregiously incorrect data.

The CEO of Zillow, in a conversation regarding Zillow's acquisition of TRULIA stated, 'zilow and trulia are both ADVERTISING websites, not real estate websites, therefore not under the control of the Securities and Exchange Commission.

In essence the data found here or on Zillow is no more reliable than getting life advise from the Big Bang Theory or your news from the Daily Show. You do not get your life advise or news from those shows...right?

The great public deception under which you have fallen should stir a great fear within us all. That fear must be the centralization of information. Those who control the information....CONTROL OUR LIVES. This has worked well for China and North Korea and Russia. When only one source exist for real estate information, ........ I hope you see the DANGER.
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Mon Oct 6, 2014
Pure Real Estate answered:
I truly believe that home values are only going to rise in years to come. It's location is affordable yet close to Bellevue which is the hub driving the entire east side. Please let me know how I can help you with this part of your real estate venture. ... more
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Thu Jul 31, 2014
Annette Lawrence answered:
Mia, are you aware of the nearly criminal failure rate of new agents to reach their second year anniversary? There is a reason why so many fail. And it all starts with your question.

Albert is credited with saying something similar to:
If YOU try to teach a fish to climb a tree, YOU will spend YOUR entire life thinking the fish is stupid.

In this word picture the broker is identified by the word YOU and MIA is not the tree.
That means you are the student, the .......

Brokerages who sell train'n as their reason for existence have a business plan that doe not include your success. IF the brokerage makes no effort to analyze who you are, you should detect things are getting a bit fishy.

With just five simple questions, the way your business should be modeled can be discovered. Of the four models you will prosper most naturally under one.

The train'n offered by those whose existence is justified by train'n will always train fish and when 90% don't climb the tree, it becomes the fishes fault.

This has been the case and the outcome for DECADES.

What would be beneficial for you is to pick up the phone and call a prominent REMAX Realtor in your area. Be aware, REMAX does not recruit newbies so there will not be a conflict of interests.

Before you call, complete the directions spelled out in my Trulia Blogs (7) titled ""7 Things I wish I Knew Before Starting REal Estate." The first is dated Feb 10, 2014. There is WORK involved.

How you start will determine how you finish.

Please be aware, response notification on Trulia is disabled. I will not be aware of any follow-up questions and may not receive an inquiry if you use that 'contact' link. If your need is urgent for a response from me, you will need to CALL.

Best of success,
Annette Lawrence, Broker/Associate
Remax
Palm Harbor, FL
727.420.4041
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Sat Jan 26, 2013
Maria China Krismer answered:
You are right. There is that lack of assurance as to what a renter would do to your house and tenants can cause a lot of damage. If you are not entirely comfortable renting, then that would point in the direction of a sale.

The only way to answer your question of whether you should cut your losses now or later can only be answered by you. Your loss in terms of the responsibility of being a landlord, your time and liability, the risk of holding to the house with the assumption of market improvment is just like predicting that the stock market would definitely go up next year without a single doubt.

Best scenario for you is to have a consultation with a Realtor and assess your potential loss if you sell today. Rather than focus on gain or loss, you might want to focus on how much cash you would get from the sale, or how much cash you would have to pay to close if you have negative equity.
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Tue Nov 8, 2011
Karen Mcknight answered:
Hi Underwater,

I would like to recommend you visit with a mortgage planner to look at your entire situation. I can recommend a very experienced one to you.

You can certainly keep your home, rent it out, and buy a new home. You do have to establish a one year history as a landlord, to have the rental income be much of an offset against your mortgage debt.

None of us can give you a good answer because your options are a result of your total financial picture.
If you can qualify, keeping your current home as an investment property, which then creates a rental property business for you, with all the wonderful tax advantages, is a very smart strategy.

Another reason to visit with a mortgage planner is to see if the over 100% loans are available for you to lower your interest rate on your current home.

Good luck.

Warm regards,
Karen
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