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Home Selling in 27713 : Real Estate Advice

  • All30
  • Local Info5
  • Home Buying13
  • Home Selling5
  • Market Conditions0

Activity 27
Mon Jun 17, 2013
Linda Cromartie answered:
No. You are not. Not sure why any Realtor would have you complete a property Disclosure without a completed Listing Agreement.
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Thu Sep 26, 2013
Halo answered:
We have 2 beautiful lots in North Durham, not far from Treyburn. Next to hospitals, major highways, and shopping.
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Wed May 16, 2012
Deborah Miller answered:
This is a question for a real estate attorney and unless a real estate professional holds a law degree it is our place to provide you wth the attorney to assist you. I will be glad to refer you to one that I have worked with if you like. I have seen homes with square footage that was not permitted. I have seen homes with square footage that was added when it was finished and heat and cooling were in place, so more often I have seen square footage grow in these ways. I hope this is helpful.

Deborah Rigsbee Miller
Coldwell Banker HPW, Serving the Triangle & Surrounding Areas
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Tue Feb 28, 2012
Alan May answered:
What's reasonable is whatever the two of you can agree upon. Forget about what they're planning on using it for... just consider it part of the negotiation. Are you comfortable getting $4,000 less for your home, in the condition that it's in?

If the answer is yes, then accept. If the answer is no, then try to negotiate a better deal. It's really that simple.
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Tue Mar 29, 2011
Janet Sebile answered:

It's not the buyers who are demanding beige. It is suggested to most sellers to use neutral colors because those colors tend to make a room appear larger. Second, it9;s generally easier to visual ones funishings against a neutral color such as beige. In addition, most buyers once they are in a home will customize to their liking including the colors they want in their new home.

That being said, many more sellers are making greater efforts in preparing their home for sale including painting, staging, repairs, landscaping, etc. Although you would think all of this is standard, it can sometimes be difficult to get a seller to make changes to get a quick sale. But in this market, the competition can be fearce and standing out can be critical to getting that sale.

Many sellers are turning to staging which is huge to making a home stand out. Many stagers use an array of neutral colors to enhance a home's appearance but you must be wise in choices.

If you are considering selling and painting, I strongly recommend getting assistance with color choices. You want to choose colors to make a room appear larger, inviting, set a positive mood and make a buyer want to linger long enough to consider this "his/her" home.

Best of luck and happy painting.
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Thu Feb 17, 2011
James Gordon ABR SFR SRS answered:
Mygalsal buyers are all over the place right now. Currently I have a buyer doing a purchase with a 203k loan. I also have an active buyer that asked me if the sellers on a short sale property would paint the entire home inside to colors that they would like as the home was painted in colors they did not like.

By the way the first buyer was realisstic about what is out there. The second buyer will buy but but the home need to be in pristine condition.
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Mon Dec 20, 2010
Tom Sommers answered:

I am an Realtor in Minneapolis and I have been seeing that trend for months. You can't blame the buyers because they are constantly being told rates are at an all time low, yet they continue to drop! Home prices are sure to drop more in the coming months so they don't know what to believe. I think what will change this is once rates climb up and the buyers start to realize that they ae not dropping the attitude will change. That is already starting to happen but you can't see it because of the holidays.

Good luck,
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Fri Jul 16, 2010
Barrett Powell answered:

As you know the biggest thing you can do is get as much exposure as possible. ListHub is getting your listing out to a number of sites already. Here are some other tricks you might want to try:

1) Refresh the listing by making some changes to the listing. Think about rewriting the "Remarks" section. I have been told that certain fields trigger a data refresh by some websites that get a feed from the MLS and one of those fields is the "Remarks" field. This is suppose to make the listing look like a new listing to other websites and they will show up as new.

2) Think about writing a blog article about living in the Southpoint area. Place the blog on as many sites as you can along with post to your Social Media sites liking back to your website and the listing. Remember, your after people looking for the lifestyle your property offers them, no so much the property itself.

3) Think about using tools like Postlets to post the listing on additional websites and to create a nice looking Craigslist listing.

4) Did you do a video of the property and post it on YouTube and other sites. Video is a big thing now.

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Fri Jul 16, 2010
Cindie Burns answered:
The guidelines regarding renting would be under the covenants for the neighborhood. There is no "blanket" law that would not allow a homeowner to rent their property. I would review the complete set of covenants for the association and then speak with a real estate attorney if there is no documentation blocking the rental and the HOA is having a concern with the possible rental. Do you know if anyone else in the neighborhood is renting out their home or do you know a renter there now? ... more
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Fri Feb 26, 2010
Dan Chase answered:
From the housing price prediction site below

In Durham home sales have also seen a boost and may soon see a bottom since prices didn’t climb as much as in Charlotte. But the upward surge in housing sales shouldn’t be viewed as the market returning to any sort of healthy equilibrium for sometime since financing is tougher to get and foreclosures are showing signs of growing.
However, the extension of the federal tax credit should act to boost the market with lower home prices and low mortgage rates. Durham is also attractive as a college town to investors, who see investing in the community as a more long turn solution in real estate than many other areas. Durham home prices, however, are forecast to decline an average of 8.9% in 2010.

I expect 2013 to 2014 to be the first year possible for higher prices nationwide unless hyper-inflation happens which it could.

Home sales by numbers are not as important as sales by price. If you have more sales occur because prices drop drastically it only show a reaction to more realistic pricing.
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Thu Feb 4, 2010
Sveta Krylova answered:
Your active competition's price matters, of course, but the real indication of the value is the most recently sold homes. If the only homes sold in your subdivision were those deeply discounted ones by the builder, and if the local market has not improved since then, your realistic market value is close to what the builder got for his properties, adjusted for the square footage, features, upgrades, the lot, and the condition. Keep in mind, that the market in your area may have actually further declined since those sales, and price your property accordingly.

However, if you feel that since those last market sales your subdivision may have become more attractive to the buyers due to some recent beneficial developments in the area, and IF the supply of the homes is low (you are finding no active comps), you may price your property more ambitiously and carefully watch the response in the first few weeks. If you get a lot of "lookers," but no offers, you will know that you do have an attractive product which may be a bit overpriced. If you get no buyer traffic whatsoever while the house is well advertized (particularly on the Internet), you need to drop the price. When evaluating the response, consider the weather. If it is unseasonably cold and nasty for the first few weeks, and nobody comes, you may want to give it a bit longer before you drop the price to make sure the buyers are not simply kept away by the bad weather.

You may try searching for comparable sold properties not simply by the distance to your house, but, say, by your school district, if that may be a consideration for the buyers in your area.
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Wed Nov 11, 2009
Mark Thomas answered:
Hi Chris,

I'm happy to talk to you to explain this how this works. Yes, it's best to work with your agent very early in the process so that you can decide on your marketing strategy. Feel free to call me at 730-7067. Mark Thomas ... more
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Fri Feb 26, 2010
Sean Dawes answered:
Most likely the home has nice curb appeal hence the instant showings. 2 positives? What did the others say? It is priced a little high if in 120 days you have not received an offer.

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Mon Jul 6, 2009
Jean (Zhihong) Fletcher answered:
Yes. Please email me so I can email you the latest report.


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Thu Nov 20, 2014
Bill Eckler answered:
The new color trends are bold and bright......our experience through dealing with people looking at homes on a daily basis is that buyers will lean toward more neutral colors. Avoid wallpaper................which becomes too much of an extention of the seller's taste. ... more
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Tue Feb 3, 2009
Erica McClenny answered:
Usually companies that purchase homes with the strategy are looking for sellers who need to dump the home or sell quick for various reasons.

I personally would steer clear of this offer if I had a home that will sell on its own. You know what you want to sell for...if they won't pay that, it's no different than saying NO to another type of buyer. ... more
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Wed Jul 3, 2013
Michael Colvin answered:
Hi D.J.
I know the Forest Hills Parkside area pretty well. What wuld you like to know?
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Sat Dec 27, 2008
Scott Godzyk answered:
Everything is negotiable. with most agencies you can have a contingincy in your listing that commission is cut in half if you find a buyer not ontroduced to the property by the listing agency and a buyer who is not represented by another agent. Commissions are negotiable howvever most other sellers costs are fixed such as transfer taxes, preparing the deed and courier fees to pay off your mortgage. good luck with your sale DJ ... more
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Wed Jul 3, 2013
What clients say about a seller's agent is possibly the best way to learn about your realtor. Please read the testimonials on my website; one is from a seller on University Drive. My goal is for all my buyers and sellers to be clients for life. A very high percentage of my listings have closed. ... more
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Thu Nov 13, 2008
Michael Haynes answered:
I suggest that you should always have a lawyer involved. It is better to be safe then sorry. Since I am a licensed real estate agent I tell all potential clients that even if they decide to do a for sale by owner a real estate lawyer should be involved. ... more
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