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Home Selling in 49588 : Real Estate Advice

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Activity 13
Mon Dec 17, 2012
Joe Jovanovic answered:
The question is unclear a bit. Every properly listed house should have a seller disclosure signed by seller at the time of listing the home. When an offer is put together, buyer should get signed seller disclosure within 72 hours. If disclosure has something in it that makes buyer to change his/her mind, buyer should rescind the contract immediately or wait until the home inspection is done. Inspection deadline is usualy 10 days and buyer need to address any issues he has with the disclosure. It really does not matter if the disclosure is or is not signed by any or both parties if the inspectio contingency is not utilized on time as described... ... more
0 votes 5 answers Share Flag
Fri Jan 27, 2012
Brek Schutten answered:
Again, the legal issues are better suited for a real estate attorney. What is fair is determined by a reasonable price that both parties can agree upon. They are probably asking for $1,500 assuming that they will have to replace all the carpet in the room, and that might be the only option they have. In my opinion, it is always better to try to sort out situations without resorting to legal action, but if you already closed on the sale, you may want to consult an attorney to see if they really have any grounds to sue you over this. ... more
0 votes 13 answers Share Flag
Mon Jan 16, 2012
Brek Schutten answered:
Whether or not you can be sued for something like this is a question better suited for your lawyer. As a human beng (not just a Realtor) I would recommend that you disclose this information. When you choose to do the right thing, everything seems to go smoother and everybody is better off. ... more
0 votes 16 answers Share Flag
Mon Jun 28, 2010
Anna M Brocco answered:
You need to speak to your agent and make sure the property is priced on target--review comps--recently sold similar properties in the immediate area--if the data suggests a price drop, do consider adjusting accordingly; also review with your agent all marketing strategies, make sure you have maximum exposure--in today's market pricing and marketing are paramount. If unsatisfied with your agent after your chat, do contact the broker owner or office manager of the realty company and ask to be assigned another agent--then go from there. ... more
0 votes 10 answers Share Flag
Sun Feb 21, 2010
Dan Chase answered:
The $8k is more important in the lower priced houses. Many used it as a down payment. (Thanks for the loan err, gift uncle Fred)

The federal reserve is going to stop buying Mortgage Backed Securities. That means the mortgages that people get will not be bought by a part of our government. The free market will have to buy those mortgages instead. That is likely to increase interest rates on mortgages by 1-2%, maybe a lot more.

Going from 5% to 6% 11.9% of buying power is lost.
Going from 5% to 7% 23.9% of buying power is lost.

When buying power is lost if incomes do not go up prices must drop.

When you take away the free money and higher interest rates prices should drop.

Below is a housing price prediction website. Look at it and see if it makes sense.
http://www.housingpredictor.com/better.html

Grand Rapids is forecast to see average housing prices rise 2.7% in 2010.

Markets will improve in most of the U.S. with average housing deflation forecast at 8.7% nationally. The figure represents the lowest amount of deflation on an annual basis in the four years Housing Predictor has been forecasting markets. Some areas of the country will surprise homeowners with appreciation, while especially hard hit areas will see a repeat of double-digit deflation, despite rising home sales.
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0 votes 1 answer Share Flag
Tue Jan 20, 2009
Maureen Francis & Dmitry Koublitsky answered:
I know there are a couple of GR agents the answer questions frequently here. You might interview a few of them and see if you find someone you are comfortable with.

If you would like some recommendations, I could help you with that. Just email me. A great place to start is with recommendations from friends and family who have sold recently. I would interview 3 and then make your choice based on their marketing strategy.

Good luck.
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0 votes 9 answers Share Flag
Wed May 27, 2009
Lawrence&Sheila Agranoff answered:
Hi Mike,
Why would you wait to put your home on the market? If you're ready to sell and you have "staged" your house properly (think as a buyer,not as a homeowner) now is a perfect time to sell. If you wait until Spring there will be much more inventory as that is the time many other homeowners "think" it's the best time to sell. But, if you really want to sell, and you price it right a buyer looking in your area that has to move now isn't going to wait unitl Spring for you to put it on the market! So go ahead, if it's ready...then sell! ... more
0 votes 6 answers Share Flag
Tue Mar 25, 2008
Lola Audu answered:
Thanks for your question. Commission is a significnant part of most real estate transactions and it can vary considerably in every price range in the Grand Rapids, Michigan area. I would suggest that while the percent of commission is a concern, the issue of greater importance is exactly what you are getting for what you pay.

There are service providers who charge several hundred dollars to enter your home listing on the Multiple Listing Service. Well, that may be cheap...but is it worth it to pay someone hundreds of dollars for what is essentially data entry which takes maybe half an hour? With the challenges in the market now you need to know the answers to some of these questions>

1. Can you guarantee my home will have great exposure on the Internet where 87% of all buyers will be looking first?

2. Are you professionally certified to market my home utilizing the latest technology in addition to traditional methods of advertising?

3. Will you keep me up to date about the process via e-mail or whatever method I choose & give me updates about exactly how many times my home is viewed on-line and by real estate agents?

4. Will you coordinate the financing process to ensure my potential buyer can actually get my house so I don't loose time and money in this process?

5. Will you give me a detailed analysis of exactly what is going on in my community as well as a comparative real estate analysis of my home's worth?

6. Do you have a plan to stage and prepare my home so it appeals to buyers when they see it against a backdrop of hundreds of other homes competing for their attention?

These are just a few of the questions which are important to ask. The reason is that an excellent agent will usually Pay YOU more than you pay them. They are able to bring more solid offers to you more quickly because of their contacts and expertise.

You can find Commission rates all across the board in Grand Rapids, Michigan . Excellent Service is not necessarily the cheapest, but it will pay great dividends and is far more likely to result in getting your home Sold at a time when the vast majority of homes remain on the market with no takers.

If you'd like to explore our services or to see ALL the cost involved in Selling Your Grand Rapids, Michigan home, please visit our website and click on the "Let's Talk Commissions" Tab
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0 votes 7 answers Share Flag
Tue Mar 25, 2008
smith3gary answered:
Lola, You can download the GR area report below. I'm not sure if garages are in the report
0 votes 8 answers Share Flag
Fri Mar 25, 2011
George Antonopoulos answered:
Hi Alicia, I would think they want to get the person out of the neighborhood. Maybe they'll help you market it.

All kidding aside, it's not likely that anyone interested would know who owns the property unless they have pictures and other identifying items in the home. If so, see what you can do about removing them.

I would not get too hung up on it. If you market it properly you should have no problems.

If you need any more help let me know.

All The Best

George Antonopoulos

Realtor
Shoreline Property Specialist
Coldwell Banker Residential Brokerage
Madison, CT

800-759-6936
george@shorelineRE.com
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0 votes 8 answers Share Flag
Thu Jan 10, 2013
Dana Clausen answered:
Hi Roger,
Commission rates can vary from a discount broker who doesn't market your property at 4% and simply puts it on the MLS... to 6/7% agents who are actively marketing your listing in the marketplace and able to offer a buyer's agent 3-3.5% to sell your home.

I'd love the opportunity to present my marketing plan for you this coming Winter/Spring.
-Dana Iler
Keller Williams Realty
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0 votes 11 answers Share Flag
Sun Nov 30, 2014
Dana Clausen answered:
Hi there...
I sell quite a bit of Real Estate in Alger Heights (and am a resident here :-)). The average sale time is about 90 days but I expect this to increase somewhat the next 8 weeks with fewer buyers during the holidays.

What are some of the most desirable characteristics in Alger Heights? 3-4 bedroom, and 1.5+ baths are the most desirable in Alger Heights... 1 stall garage is common, but 2 stall makes the home even more marketable.

Do you feel your house is priced competitively (if it's currently listed or For Sale by Owner)? This will dramatically impact your sale time. If you would like a free CMA, I would love to discuss this with you further. Please contact me at 745.4233 at your convenience.
-Dana Iler
Keller Williams Realty
danailer@grar.com
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0 votes 7 answers Share Flag
Sat Jul 23, 2016
Todd Waller answered:
In any market, but specifically in this current challenging market, I have found that buyers and seller alike have really valued hard facts about the market. Regardless of what a seller wants to hear, I have found that sellers value the honest truth about the market. If you can grab a hold of relevant stats and figures about the market for a seller's specific property, you will also be able to advise buyers very well too.

As an example, my team subscribes to Big House Data's monthly stats and quarterly inventory packages for Washtenaw County.

Monthly Stats (http://blog.team366.com/?s=market+stats)
Quarterly Inventory Reports (http://blog.team366.com/market-statistics/)

Best of luck! You appear to be heading in the right direction, if your question is any indication.

TW
... more
0 votes 21 answers Share Flag
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