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Home Selling in 07960 : Real Estate Advice

  • All43
  • Local Info0
  • Home Buying15
  • Home Selling10
  • Market Conditions0

Activity 8
Sun Jul 29, 2012
Marcus Necessary answered:
Doing regular maintenance will not necessarily "increase" value in your but rather "preserve" value in your home. This type of upgrade to a house may be what it takes for a buyer to make an offer on your home over a competitive home that may not be maintained nearly as well. Each market differs, but I doubt that vinyl siding gives your home any "monetary" increase in value. ... more
0 votes 3 answers Share Flag
Tue May 15, 2012
Albert Baron III answered:
You are just going to have to work it out with the buyer. The bank might be able to up the appraisal a few thousand, but that's about it. You also need to make sure that the appraiser was local and not out of market. If the appraiser is unfamiliar with the area then they might not know all of the comps.
The good thing is that you got a buyer !! be negociable....the buyer will just move on and you will have lost your chance to sell.
... more
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Wed Jun 20, 2012
Michael Krotchie answered:
Hi Steve,

Typically houses won't sell for more than their appraised (market value), otherwise why would people be buying them? The only time this really happens is when the market paces valuation of property, like during the run-up of 2004-2005 or if there is a small bubble of super-appreciation in your market (if there is, send some of it to Tucson!).

Also, for the buyers who are getting loans for their purchase (probably a large majority), if the property doesn't appraise for at least the purchase price a bank won't lend a buyer the money; if a home's value is X but you're asking for X+$5,000 for a loan, a bank won't get the warm and fuzzies from that arrangement.

- Michael
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Sun May 13, 2012
Douglas Tucker answered:
I don't know if there is an exact science to this Steve because there are many variables in how an appraisal is done. For example, if there are no similar comparable homes in the neighborhood the appraiser needs to go to another development or even another town. However, I can tell you that once a home is purchased and under contract and an appraisal is ordered by the bank, the banks are now being much more prudent than in the past. In a booming market, an appraiser's price may be on the higher side thinking the market will catch up. If you need more info, please let me know and I will get you actual sales prices. ... more
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Thu Feb 9, 2012
Fred Glick answered:
All commission are negotiable.

That being said, interview many agents. From big firms to boutiques, agents are different.

But, don't be swayed by fancy brochures. Selling your home is about fantastic information about your home in the form of excellent pictures and a real video.

Also, make sure that the listing agent only works for you. The listing agent should not be the one who also represents the buyer. This is called dual agency.

If the agents you interview don't mention it, kick them to the curb!

Good luck,

Fred Glick
... more
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Wed Jan 16, 2013
Joan Congilose answered:
Hi Steve
I definitely would paint the walls. It will make your home appeal to more buyers instead of a select group that happen to like those themes.
0 votes 17 answers Share Flag
Thu Jun 28, 2012
Patrick Thies answered:
That's going to depend on your area. You need to look at what homes with basements are selling for in your area. It shouldn't be that hard to find out if most of the homes in the area are the same style and built around the same time. Look at what similar homes have sold for with basements recently and adjust accordingly. ... more
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Fri Aug 7, 2009
Larry Story answered:
I know it use to be a wonderful little town when I was growing up. My grandparents use to live there.
0 votes 4 answers Share Flag
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