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Home Selling in Richmond : Real Estate Advice

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  • Local Info66
  • Home Buying132
  • Home Selling24
  • Market Conditions24

Activity 52
Tue Sep 12, 2017
4saleinhenrico asked:
up unless I type in the address. How can we get it to display when a potential buyer enters "Henrico County Va"?
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Tue Jun 27, 2017
Rlturner1 asked:
I can't modify my listing as long as the server is down. How do I get anyone to respond to my request for help?
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Wed May 10, 2017
Amy answered:
I should also mention that their credit score went down because they missed bill payments (though I'm not sure what kind of bills)... not sure that affects anything.
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Mon Apr 17, 2017
Sarah Jarvis answered:
Much like an appraisal or Zestimate, almost every CMA will vary. For one, each agent will interpret both the comparable sales differently and your home’s strengths and weaknesses differently. Furthermore, the market is constantly in flux and to assume that values are static is incorrect. The fact that you have differing values should be expected and the trick is to figure out which CMA is best suited to your strategy.

I would go back through the experience and feedback from the first listing period and see a) how many times your home was shown, how many repeat showings (in other words, how many came back for a second look) and how many times you had to answer additional questions like utility bills, when systems were updated, etc. to glean how far off your last price was. When people revisit your home and ask more questions, the closer you were to the correct price. If no one repeated, then you were at least 10% too high, if not more. I would also look at inventory levels and see how they have changed since your last listing period.

Those should help you decide on the best price.
... more
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Tue Jan 31, 2017
Dennis Norwood answered:
Seller financing can be a great idea or a terrible one, depending on a host of factors.

Generally, sellers are willing to owner finance when they would experience a significant taxable event and generally buyers seek owner financing when conventional financing is unavailable to them. Otherwise, conventional financing is almost always cheaper and easier.

But if you do choose to go the seller financing route, just be careful as there are many different forms. If the seller has a mortgage already and you are paying them in an arrangement called a ‘wrap,’ then you have considerable risk if the owners fails to make the payment. If you engage in a ‘contract for deed' arrangement, then you really haven’t purchased the home as the seller maintains control of the deed — and this can also be quite dangerous to the purchaser. And these are only two of numerous scenarios that comprise ‘owner financing’ — there are many others.

At the end of the day, owner financing can work, but only if the availability of traditional finance is unavailable. If you require owner financing to purchase, you end up limiting yourself in choice and introduce more risk than you should into the process. If the reason for needing owner financing is temporary, consider waiting, or consider sitting with a lender who understands grant programs and other lending packages that might not be as cheap as traditional finance, but offer more protecting than allowing the owner to be your lender.
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Sun Sep 11, 2016
Kelly.pleasants asked:
We are an online Auction company dealing mostly in personal property, but occasionally run into clients who want their real estate auctioned as well (not necessarily a foreclose). What are…
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Wed Jul 6, 2016
Carrie Roane asked:
in the meantime I have had to make June's payment and may be forced to make july's payment meanwhile leaving me with no money on hand it is a fha loan
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Mon May 16, 2016
Dabbacon asked:
Thu Apr 7, 2016
Oluwakemi Kayode asked:
Wed Apr 6, 2016
tiffany asked:
I purchased a house 3 years ago for 335k, and currently still have 316k on my loan. I am in a tough spot and really need to sell the house. Unfortunately my neighbors sold below market…
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Mon Feb 8, 2016
Amelia Robinette answered:
Just like any project, the prep work is going to help guarantee a good result. Put your homework in up front, dedicate the time needed to prepare, market and show the property. Engage an attorney so they can be on hand to help with any contract questions or issues.

BE SAFE!! Don't show the property on your own, always have another person with you.

If it doesn't work out, then you can always hire an agent later if you need to.
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Tue Sep 15, 2015
DANA answered:
START BY CALLING THE AGENCY WHO LISTED YOUR HOME AND ASK THEM TO UPDATE THE INFORMATION , IF YOU LISTED THE HOME YOURSELF AND MADE THE ERROR TRY ADDING A CORRECTION TO THE PAGE IF THAT DOES NOT WORK IF YOU HAVE CLIENTS COMING BY TO SEE THE HOME POST A CORRECTION ON A NOTE IN A OBVIOUS PLACE IN THE HOME LETTING THEM KNOW THE CORRECT SQUARE FOOTAGE OF THE HOME ... more
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Mon Apr 13, 2015
Erin Evans answered:
I am so sorry you had to experience that. Consulting an attorney is your best bet.
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Thu Mar 5, 2015
Sarah Jarvis answered:
We have an entire site dedicated to nothing but condominiums in Richmond Va. It contains a lot of information, not just about condos for sale, but a great deal about financing, management, 'warrantability' and the inside scoop on the projects around Richmond. ... more
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Mon Dec 29, 2014
Austin Karvelis answered:
I understand if you dont want to use a realtor in this situation even though I would love your business. Do you attend any of the RING meetings or RHEA(?) RING meets monthly on first Thursday I believe at Aloft in Short Pump. Attend the meeting and I am sure you can get it sold that night.

Good Luck!
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Wed Jun 18, 2014
Anne Marie Benton answered:
Thu Feb 20, 2014
Pam Nasworthy answered:
Check out my recent investment property sale. Although I didn't purchase it at auction, it was most definitely a "fix and flip" property! There are some before and after pix. The eviction process is sometimes lengthy, but persistence will prevail. I'm an Associate Broker with Long and Foster here in Richmond's west end, and would be happy to recommend great contractors for your investment properties. I've completed two renovation jobs as a sideline to my primary business of helping buyers and sellers with real estate. Staging is one of my specialties!
Pam Nasworthy
Long and Foster Realtors
804-399-2664
... more
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