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Home Selling in Washington County : Real Estate Advice

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  • Home Buying1
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Activity 11
Wed Apr 22, 2015
John and Becky Durham answered:
Thu Jan 23, 2014
John Pecchia answered:
Tread lightly, so many factors to consider... Does Seller have a hardship? Does Seller have more than 1 mortgage and/or lines of credit? Does the listing agent know how to communicate with the bank(s)? Is Buyer in it for the long haul (if you are considering ss and you accept an offer, get the buyer to agree to giving your broker earnest $ before bank approval, buyer is more "in the game" and less likely to get shifty every time the wind blows)
I don't list shorts, but refer them to a fellow rockstar agent. Let me know if you want more info.
John Pecchia
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0 votes 9 answers Share Flag
Thu Aug 29, 2013
Elisa Eesley Good Work Good Cause answered:
The homeowners warranty typically covers Systems & Mechanicals for 2 years so I would contact the Builder directly by phone, email and in writing so the report you submit is time-stamped. Good luck Jp!

Elisa Eesley
Certified Luxury Home Marketing Specialist
Top 1% of real estate SOLD in the St. Croix Valley!
Baglio Eesley Real Estate Group
Keller Williams Luxury Homes
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Thu May 2, 2013
Elizabeth Fuller answered:
Start with your own real estate agent, He or she will find you all the information and resources you need to price and or sell your lake front property. If you are unsure how to get the agent you need, just ask I will gladly send you my brochure on how to hire your best possible representative, Remember, you pay nothing upfront, so "hiring" in real estate transactions is a little different, Inform, choose, put your agent under contract and proceed, from setting the price if you wish to sell to finding another home, purchased or rented, and closing the transaction to your satisfaction, Liz, 612-986-4105 ... more
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Sun Jul 15, 2012
Don Groff answered:
Your agent should have educated you on the market and given you the information necessary for you to know what a good price is. There are so many things that go into a successful listing but setting the price correctly is #1 followed closely by condition and amenities as compared the homes you are competing with.

It sounds like your home was priced high. Agents will sometimes tell you what you want to hear in order to get your listing. This seems to be what may have happened. It's important to have an agent that will be brutally honest with their clients. I know I lose listings from time to time because they want to go with an agent who gives them a better listing price.

It is important for you to understand the market. You may even want to tour a couple homes that just went under contract or that are priced close to yours. See how they compare to yours and that may give you a glimpse of where you need to be.

Best of luck to you,

Don Groff
REALTOR® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o 512.669.5599 m 512.633.4157 |
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0 votes 29 answers Share Flag
Wed Oct 26, 2011
Tom Ott answered:
The more unique and non-traditional a home is the harder valuations are. Typically there are few if any direct comparable sales and many parts that are tricky to value. Many times the "sum of the parts" do not add up to what the limited buyer pool is willing to pay. This and crazy appraisal regulations may make even tougher to obtain financing for. ... more
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Wed Mar 3, 2010
Tom O'Brien answered:
Always contact a accountant for the answer that is correct in these types of questions. Let me know if I may help with anything else.
0 votes 6 answers Share Flag
Tue Nov 10, 2009
Cameron Piper answered:

I would definitely seek the advice of a very competent real estate professional, or an attorney as what is being proposed is a very unique transaction. Here is an article on the Due On Sale Clauses that will almost certainly have been included in the promissory note of your mortgage. If you own the house free and clear, you can disregard the due on sale clause discussion.

It is my opinion that contracts for deed will become more and more common as interest rates rise and otherwise solid buyers are harmed by the economy. Weigh your situation carefully though. You will want a large down payment to make it worth your while and the buyer should have a valid reason for their credit woes.

Consider the laid off engineer who lost their house because he/she couldn't find work but has now secured new employment and has a nice downpayment for you, but skip over the first time homebuyer with minimal down and bad credit because they were irresponsible in the past. Chances are they will be irresponsible again and this time you will be the bank for them.

Good Luck!!

Cameron Piper
#1 Trulia Agent in MN
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0 votes 3 answers Share Flag
Thu Jun 18, 2009
Susan Hofflander answered:
Thanks for the info, Don!!!
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Mon Jan 5, 2009
Cameron Piper answered:

Aaron is correct we will need a bit more information. The address will be most useful if you care to post it back here. You will probably get a few values from agents around here that way as well.

Cameron Piper
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Fri Oct 17, 2008
Lenny Frolov answered:
I would just leave it in your realtors hands, I think it will be an uphill battle to try to get that $1,000. I would just say forget about it and try to resell your property.
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