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Rio Grande : Real Estate Advice

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  • Local Info0
  • Home Buying1
  • Home Selling1
  • Market Conditions1

Activity 4
Mon Mar 23, 2015
Stephen Schweizer answered:
Need to post pictures and put my home for sale by owner. How do I do that? I have a real estate license in NJ.
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Tue Aug 28, 2012
Joanne Bernardini answered:
Well this question was asked in 2008 and in four years much has happened! As with other parts of the country the prices have coasted down. Buyers stopped making offers waiting for the market to bottom out. Currently, I have witnessed a resurgence of buyers who are out looking and buying again. The mortgage rates are holding relatively stable at historically low rates. Prices are more realistic and no matter what, people need a place to live. The sellers who have accepted the idea that they are not going to get what they paid for their home, but will also enjoy the same price reduction on their next purchase of a home are the ones who are successfully selling their properties. Those who are holding steadfast to their high price and "leaving lots of room for negotiating" will continue to have their properties languish on the market with few showings or offers. It hurts a seller when the buyers who have been waiting on the sidelines for each new listing to come onto the market, look at the new overpriced properties that emerge and won't even schedule an appointment because they recognize it is overpriced. If you can't get their feet in the door you can't get them to make an offer.
It may hurt but sellers need to bite the bullet and price their homes to the market. They'll sell their home and be able to move on with their lives!
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Mon May 28, 2012
Joanne Bernardini answered:
Dear Roberta,
you are VERY fortunate to have a father in law to help you out! I think it's time for you to sit down and make a list of the jobs that HAVE to get done rather than the list of things you WANT to get done. The WANTS have to wait. How are the bones of the house? Is the roof in good repair? Is the plumbing functional? Is the wiring safe and up to code? Does the heating and AC work? Whether you stay or decide to sell these are items that NEED to be addressed. Put jobs in the priority that need fixing. An example of this is, if you don't fix a leaking roof you will be dealing with damage to ceilings, carpets, mold etc. A roof fix l can save thousands in the long run. Unless you have issues with a health problem, you can live without central AC.
If the only money owed on the home is a $70,000 loan, chances are you will pay more in monthly rent if you move than if you stay put. You really need to crunch the numbers and get an evaluation of how much you would walk away with if you were to sell your home. A few gallons of paint can make a huge improvement in the overall appearance of any home.
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