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Home Selling in 19087 : Real Estate Advice

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  • Local Info4
  • Home Buying14
  • Home Selling6
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Activity 3
Mon Sep 27, 2010
Nick & Trudy Vandekar answered:
Kimberly,

Consider what you are trying to achieve. To get more showings and create an offer. When you relist, your home needs to be off the market for 30 days for the listing to not show the previous days on market in the counter on the listing unnder proprty marketing period. Any good realtor will still know it has been previously on the market and should check history. When you check public records information it will also show that the home was on the market. So to relist I believe is actually going to work against you.

If you are going to make a siginificant price change, then re-pricing it alone will not do it. When it is is re-priced it shows in the MLS and will come up on searches where it now falls into price range for customers and on realtors hotsheets. So people will see it. You need to change your marketing as well. Ask your agent to change the photographs, especially the main photo people see when pulling up the property details. You want to make the house look as different as possible so that realtors will not just discount it as the over-priced listing they may have already seen. Also make sure you have a good virtual tour up and in place. Also make sure your listing is seen on as many real estate portals, like Trulia, Oodle, Realtor.com, Craigslist etc as possible. buyers are searching these sites and your home needs to be seen. Also have a video of your home posted, people now search youtube for homes and there are other video sites where your home can be listed. As 90% of buyers are looking online you want to make sure they see your home.

As to price, you need to consider what has sold recently but also what your comeptition is in the T/E school district. Your buyers will be comparing your home against these other houses and they want to make sure they are getting the best value. Also make sure when people see your home they are not feeling that it needs work or updating as these are the major things that are holding buyers up today after price.
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Thu Sep 2, 2010
Dawn Sumski answered:
Hi Joeya,

I concur will my collegue below. I will be happy to assist you in gathering the information you need to make an educated decision including pricing, marketing, etc. You should place your home on the market as soon as possible and price it aggressivly to optmize your profit.

Please feel free to contact me if I can be of additional assistance to you.

Sincerely,
Dawn Sumski
Realtor
Keller Williams Realty
200 Municipal Dr., Suite 2
Thorndale, PA 19372
Direct: 484-784-2153
Cell: 610-864-9027
PAHouseHunter@comcast.net
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Wed Mar 26, 2008
Jay Corbett answered:
You need to live in it for 2 out of the last five years. See IRS web reference for the long explanation.

From IRS.gov
To be eligible for an exclusion, your home must have been owned by you and used as your main home for a period of at least two years out of the five years prior to its sale or exchange. The required two years of ownership and use during the five–year period ending on the date of sale do not have to be continuous. You can meet the ownership and the use tests during different two year periods. However, both tests must be met during the five–year period ending on the date of the sale or exchange. ... more
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