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02649 : Real Estate Advice

  • All10
  • Local Info1
  • Home Buying2
  • Home Selling3
  • Market Conditions0

Activity 8
Thu Sep 11, 2014
Lisa Cannata answered:
There's no listing showing here. What is the address? Do you now who it is showing your property as listed without you actually being on the market? It's highly unethical and that broker could be putting their license in jeopardy. ... more
0 votes 11 answers Share Flag
Thu Oct 14, 2010
Scott A. Nelson answered:
it's all a matter of personal preference what this means.
0 votes 9 answers Share Flag
Sun Feb 20, 2011
Mark Hansen answered:
Depending on the location in Mashpee and or part of Sandwich in which the home is located, it can have an effect not so much on pricing, but on the size of the audience that is willing to buy in that area. Eg. The last 2 homes that I sold in this area were to military personnel moving to the area, in which case they love the area. People that have the ability to locate anywhere may not have this on the top of their list. Air traffic has certainly lessened as the F-18's and similar planes have ceased to fly into this area. The Plume area can be viewed on the government’s plume map. These conditions should always be disclosed to potential buyers through the use of a plume disclosure form. This was particularly a problem as many of the homes in the affected areas were on well water. Most have been converted to town water by now. All-in-all, as long as you have a nice home this can be a decent time to sell assuming you are priced at or slightly below market. ... more
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Mon May 5, 2014
Robert Spinosa answered:

If you are eligible for one of the new Home Affordable Refinance Programs, you may not need a new appraisal. If you are interested in finding out more, please get in touch and I'll walk you through the steps for determining your eligibility.

Thank you,

Rob Spinosa
... more
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Thu Apr 24, 2008
Kate Powell answered:
Yes, bank-owned properties are typically a waiting game. Some can take up to 3 months. Go by your agent's advice, trust your agent to do a good job for you with their persistence on getting an answer. If the bank has said it is still alive, then try to give it a little more time. It's frustrating, but try to remember all you want to accomplish once you have your answer. ... more
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Sat Jun 16, 2012
Jane Doe answered:
Every contract has a closing date. If the date comes and goes and the contract doesn't close, you no longer have a contract. You can extend the closing date with a written extension signed by the buyer and seller. ... more
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Fri Feb 1, 2008
Pat Holmes answered:
Mashpee/Wakeby Pond is not polluted and yes, you can swim, kyack, boat, etc. Also available to kyack in Mashpee is the Mashpee River. Call me if you need more info on this or other ponds, lakes, etc in Mashpee area. Pat Holmes 508-737-9495 C21 Realtor ... more
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Tue Sep 22, 2009
Deborah Madey answered:
Appraisals and market value do not always match up perfectly. Appraisers use "sold" properties for their comparables. If you are in an area where prices have been declining, and inventory rising, your market value might come in lower than past comps. Just one example. There could be any number of possible scenarios. Since I am not in your market, I cannot speculate to what is happening there.

An appraiser is typically providing an opinion of value for a lender. Does the property meet the lender's criteria? Does the property hold the value necessary to justify the loan?

The market will establish a value for your home based upon the number of active buyers and how much one of those buyers will pay for your property.

Pricing for the market needs to take into consideration the past solds, current pending sales, number of active competing properties, and also how many properties expired without going to contract. The Realtor will also evaluate trends in the marketplace. What is the absorption rate? What are the average DOM for various areas?

Market value results from the forces of supply and demand.

So, in other words, the appraised value may not be the best guideline in estabishing a pricing strategy to go to market. Rather, an evaluation of the marketplace will be the best indicator. Go to market with the price that the evaluation indicates a buyer might pay. Pay close attention to market feedback, and adjust accordingly, if need be.

Good Luck.
Deborah Madey - Broker
Peninsula Realty Group, Inc.
New Jersey
... more
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