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Home Selling in Richmond County : Real Estate Advice

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  • Home Buying7
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Activity 39
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.
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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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Mon May 16, 2016
Dabbacon asked:
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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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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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
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Tue Nov 26, 2013
Courtney Gore Smith answered:
Other selling Ideas:

-In Georgia we can offer "BUYER REBATES" as incentives
-House raffles
-Develope a marketing plan that is directed towards the people most likely to purchase in that community. ... more
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Tue Aug 13, 2013
Susan Henley answered:
Most definitely!
Banks will not consider an offer without a pre approval and a proof of funds for your down payment. Often the bank who is approving the short sale will require you to get a pre approved with them so they know you are credit worthy. ... more
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Tue Oct 16, 2012
Phyllis Smith asked:
Sat Jun 16, 2012
Shannon Milligan answered:
I realize this question is a little "stale" but here are a few things I think are very important:
1. Curb appeal. I can't tell you how many times I have driven to a home with a buyer and they decide not to even bother with going inside b/c the outside is so uninviting or simply neglected. First goal, get them in the door. Clean up the yard, plant some flowers, fix or replace any damaged lighting, etc.
2. Paint. A nice, neutral paint color can go a long way in making your home feel fresh. I like colors sich as Stone House or Shaker Beige by Ben Moore.
3. Updating fixtures - changing out dated lighting can make a huge difference in the look and feel of your home without hitting your wallet too much. Brass is out!
4. Concentrate on the kitchen and bath. It is true, they sell homes. If you have dated cabinets, you may be able to put new handles or pulls on them to update them a bit. If you don't have the money to invest in larger updates like new appliances or countertops, then make sure all things that were on the honey-do list are now on the honey-done list. And CLEAN, CLEAN, CLEAN. Same goes for the bathroom. Outdated faucets can be replaced, a fresh coat of paint can make a difference, and it is amazing what a re-grout of a shower will do!

I hope by now you have sold your home, but if not, good luck!
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Sun Apr 15, 2012
Debra (Debbie) Rose answered:
Brian - don't sit by the phone waiting for Sandi to call........she asked this question over 4 years ago!
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Wed Mar 7, 2012
Marie Souza Team answered:
This is a question to ask your tax pro.
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Thu Feb 16, 2012
Anna M Brocco answered:
If you are a for sale by owner the post is not allowed, you can however try blogging about the property; if and when you do list with an agent, he/she can post it for you, ask; or consider any flat fee realty company that feeds into the site. ... more
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Thu Feb 16, 2012
Don Tepper answered:
Don't go the foreclosure route.

You'll find some sharks circling offering short sale encouragement. I don't know enough about your situation and whether you might qualify for a hardship, though from what you've said I have my doubts. But "Follow the money." If someone's going to make money off of your situation, just examine the details fully before proceeding.

You might just have to suck it up and continue living in the house for a while. Or: Check with a Realtor to make sure that your assumptions regarding rental income are correct . . . as well as your assumption about how much your house is worth. By the way, when was it appraised for $112,000? If it was more than 3 months ago, it's worthless. If you mean the tax assessment (entirely different from an appraisal) is $112,000, then that's meaningless. You absolutely cannot judge the value of a home based on its assessment.

You say you wouldn't be able to afford to rent the current house out "with all other finances and my new house." WHAT new house? You say you can qualify to buy one. That's fine. But maybe consider buying a less expensive one, thus lowering your expenses and making it possible, financially, to rent out the current small house.

You say you need a house now. No, you'd LIKE a house now. You say you need to take advantage of the market. No you don't. You'd like to. But odds are that prices and interest rates are going to remain generally where they are for a year or so. Admittedly, no one knows for sure and it's certainly possible that home prices will rise slightly or that interest rates will go up a bit. But probably not radically. You've got time.

Another point: I don't know what you do for a living. But a foreclosure can limit your job opportunities. And if you've got a security clearance, you could lose it. In fact, check with your superior at the National Guard to see whether a foreclosure would affect your service there.

Check with a good Realtor and with a lawyer--and with your superior at the National Guard--before either a foreclosure or a short sale.

Hope that helps.
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