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Home Selling in 01852 : Real Estate Advice

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  • Local Info2
  • Home Buying4
  • Home Selling5
  • Market Conditions1

Activity 14
Wed Apr 3, 2013
Toni Nicholas answered:
Appraisals are available to other appraisals and they can, and do, affect home values within usually a six month time period. If a seller thinks that an appraisal is not accurate, the owner can request a review - usually done by yet another appraiser with more experience. If an owner wants an accurate appraisal, one that is done by a Lic. professional appraiser is the best way to go as he or she is paid for their services. If you are looking for a free market analysis, which may not be accurate, then use a professional real estate agent or broker. But, there will be an expectation that you will be listing with the agent or broker who has provided a service for "free." If you're thinking of selling in the near future, you may also consider hiring a professional home inspector. The Home Inspection report can help you identify things that "need" to be repaired along with items that "should" be repaired, and you'll get a better sense of items that "would be nice" to have repaired as well. Not only can you address the items that will be necessary for a buyer's bank to allow the sale, but, you'd have a head's up in terms of time and money needed for the repairs.

As for the specific question related to cost of a new garage door and "minor" upgrades to kitchen and bath, I think that a difference of only 12,500 is an absolute bargain when involving the two most expensive rooms of a house - kitchen and bath. If you can get these items done for much less, then you should do so because it will raise the value of your home. Otherwise, reducing the price by 12,500 for those repairs and upgrades is minimal. I've seen buyers offer much less due to just the stress of having to "deal with" repairs and/or upgrades. I've seen buyers who would rather spend upwards of $20,000 and more just to avoid painting one room. ...it's amazing how many people just won't lift a finger and would rather pay....So, if the appraiser has only reduced it by that much and has based the opinion on those repairs and upgrades, I think you should be grateful. You can either sell it to your brother and let him put in some sweat equity, or repair the property yourselves for a higher valuation. The bottom line here is this - there is a value for labor and the stress of repairs, and you should not discount or minimize the value of each.

Good Luck!
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Sun Mar 31, 2013
Bill Eckler answered:
The BEST?

The best isn't the cheapest....have the property appraised by a licensed appraiser. If may cost a couple hundred dollars but it could be money well spent!
0 votes 8 answers Share Flag
Sat Dec 7, 2013
Leah Burke answered:
Hello,

Depending on the condition and location of the condo, similar units in the same building have sold between $329,000 and $400,000 within the past 6 months. If you have any additional questions, you can email me at LBurkeHomes.com ... more
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Tue Jun 12, 2012
Sharon Lucido answered:
Hello Susan,
Have any units "sold" in the last 6 - 12 months? Not just currently active, but either under agreement or sold will help determine as well. Good Luck!
0 votes 3 answers Share Flag
Sat Jun 2, 2012
Wen Farina answered:
For sale by owners can not list their home for sale in trulia, your realtor can do that for you and if you are not using an agent or broker there are other websites where you can list as a FSBO.
info@wenrealty.com
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Mon Dec 24, 2012
Masha Senderovich answered:
It is fairly typical for the banks to postpone the mortgage commitment - this is especially true of bigger banks. It sounds like you're fed up with it? If you have other offers on the table, you don't need to sign the extension - that way you can consider other offers. If you don't have other offers, it doesn't hurt you to sign the extension but perhaps negotiate the ability for your agent to flag the listing on MLS with a "kick-out clause" allowing you to continue showing the property and consider other offers once the new date has passed with no positive outcome. ... more
0 votes 10 answers Share Flag
Tue Nov 13, 2012
The Roskelly Team answered:
Hi Dennis,

Do your homework to find a good and reputable Realtor that specializes in your neighborhood and has a proven history of successful home sales. Make sure they are Internet savvy and understand the importance of presentation/staging, good photographs and widespread Internet advertising. The sit back, relax and look forward to a speedy sale! ... more
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Mon Dec 24, 2012
Bernard Bergeron answered:
Thu Dec 9, 2010
Christopher Lefebvre answered:
Hi Brian,

The summer months have arrived and people are starting to go away on vacations. It is normal for things to slow down during the summer and it usually picks up again in the Fall. How are you marketing and advertising your home? If you are interested, contact me through my profile and I would be glad to send you some information on our 12 step marketing plan.

I wish you the best of luck with your sale.
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0 votes 27 answers Share Flag
Fri Aug 21, 2009
Voices Member answered:
Maybe you'd like to check these out..

Table 1: U.S. Annual Figures of Commissions Paid to Real Estate Agents & Brokers

Average
Homes Sold By Sales Commission Commission Total
Year Sold(+) Brokers(*) Price(+) Rate Per Home Commissions
2000 5,174,000 3,880,500 $178,500 5.42% $9,675 $37.5 Billion
2001 5,336,000 4,002,000 $188,300 5.12% $9,640 $38.6 Billion
2002 5,631,000 4,223,250 $206,100 5.14% $10,600 $44.8 Billion
2003 6,178,000 4,633,500 $222,200 5.12% $11,370 $52.7 Billion
2004 6,778,000 5,083,500 $244,400 5.08% $12,400 $63.0 Billion
2005 7,076,000 5,307,000 $266,600 5.02% $13,380 $71.0 Billion
2006 6,478,000 4,858,500 $268,200 5.18% $13,890 $67.5 Billion
2007 5,652,000 4,239,000 $266,000 5.18% $13,780 $58.4 Billion
2008 4,912,000 3,684,000 $243,100 5.20% $12,600 $46.4 Billion


Keys:
(+) Source is the National Association of Realtors
(*) Figures calculated on a 75% market share for non-discounted real estate agents & brokers.


Table 2: 2008 Average Sales Price & Commission Paid by Region

Average Sales Commission
Region Price(+) Per Home
Northeast $297,900 $15,500
Midwest $183,400 $9,540
South $212,400 $11,050
West $312,100 $16,230


Keys:
(+) Source is the National Association of Realtors
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Sun Dec 25, 2011
Territory.com answered:
we need more details of the townhouse including town you are selling in to give you a better answer on whether now is the right time to sell.
0 votes 6 answers Share Flag
Sun Mar 22, 2009
Danielle Sharp answered:
I'm so sorry to hear that!! Condos are a tricky area right now, particularly with FHA loans. FHA is not known as being condo friendly for the most part. In a declining market, a good rule of thumb is to price your home 5% below what currently listed comps are, not the solds. If you have solds that are strong and back up your purchase price, you may want to contact the appraiser and talk to them about it. The underwriter has more say about whether the loan goes through or not though. Unfortunately, your tax appraisal means absolutely nothing for market value. The city/county assessor doesn't impact what someone is willing to pay, only what your taxes will be.

I'd love to be able to help you out, even if only to answer your questions and offer some advice. Feel free to email or call me.

Best wishes,
Danielle
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Wed Sep 24, 2008
Scott Godzyk answered:
You can pay a realtor or an attorney, why not use a realtor who will help you sell it and get you a higher price for your property in a quicker amount of time. the extra they get for your home will outweigh the cost of paying a commission. if you go it alone make sure you know what state and federal disclosures you need to give a buyer, how to negotiate, assist with inspections, assist with finding the buyer a mortgage and assist with closing. you really need someoen to look out for your interest. commissions are negotiable, so find a broker willing to work with you on your terms. good luck with your sale ... more
0 votes 7 answers Share Flag
Wed Oct 17, 2007
Deborah Madey answered:
Hi Jerry,
I have a few questions.....Are you listed w/ a Realtor? What has your Realtor recommended about pricing? Who is doing open houses every weekend....you, your Realtor, or another person from your Realtor's office? What kind of turn out are you getting at these open houses?

Depending upon your list price, 20K may be a little, or may be a lot of price drop. In our area, we have seen price drops over 100K. I know that is hard to swallow, but it does represent dollars that were actuall never had.

Depending on how long you have been on the market and what has been done to promote the property, my recommendations may vary.

If your property is show ready, you have to evaluate your pricing and the marketing exposure given to your property. You cannot advertise your way to a sale of an overpriced property. If you ave gotten good exposure and no buyers, it clearly speaks to price. If your marketing efforts have not been up to par, you need to get the word out.

Last question........when is the last updated CMA you received?

The longer you stay on the market, the more the clock ticks on your DOM (days on market.) While the DOM meter should not be an accurate reporter of value, the truth is that most buyers will discount more for each month on market.

If you can provide a bit more insight, I am sure the responses from all RE Pros can be a bit more specific. I will ck back for further info, also.
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