Many times there is not much sense to how the listing agents come up with the prices. It doesn't really matter what the listed price is anyway. The reason is that there are far more buyers than there are sellers. Some homes are over priced but many are under priced so each one has to be looked at carefully. By reviewing the recently SOLD similar homes in the area and the current market conditions we can get a pretty good idea of what a home will appraise for. What it will sell for is appraised value and in many cases nowadays - plus 5% or more.
So if you see a home that according to recent data is over priced don't be afraid to make a fair offer. If you see one that is under priced you need to ignore the asking price and offer what it's worth and plus some if it's in good condition and/or in a highly desirable neighborhood. If you don't, many other home buyers will.
Under pricing a home is an annoying but effective way of getting multiple offers. Only the very best offer will get accepted and all the others will be out searching again. In Riverside and Moreno Valley areas it is not uncommon to have at least 3 offers the first day and as much as 70 by the end of the week.
The type of listing makes no differance on how much the home will sale for. Rrather it's a short sale, REO, or standard sale. It's worth whatever it's worth and that's what it will sell for regardless of list price. All the sellers and banks are looking at the same comparables that we are. They know what it's worth. There is no magic, just marketing techniques or sellers who really don't want to sell their homes... yet.
Now if you are interested in a seriously flawed property - you may still be able to find a pretty good deal. Maybe.
If you let me know which home you are referring to I am happy to look up the history and see if the current price makes any sense or not.
Each city has its good communities. It all depends where you will be working at. How far are you and your spouse will be willing to drive to and from work.
Have you been pre-qualified.
If you are not working with an agent I can send you some properties by email with your price range and interests.
A Realtor can be involved in the whole process but you should do some of your own footwork and become an educated buyer/seller.
Going to open houses is a good way to shop for agents you can qualify them on the spot with no obligations. It also shows they are active in the community and might actually know something about it.
A seller should not proceed with selling their home without an agent unless they are very familiar with real estate marketing and disclosures. A seller at a minimum should use a real estate attorney to help with the disclosures. On the marketing end an agent typically has the infrastructure already in place.... more
You need to contact a real estate attorney and a CPA who can more qualified with all the details handle your file. Brief statements a realtor can potential overlook issues/concerns/ we are not versed in all tax laws and could provide wrong information.... more
Most county building departments have a website where you can research the building permit status. I have included the link for the permit status check site for Riverside County (see web reference below). It looks like you'll have to have at least the parcel # for the property to research permit information. If you only have a property address, you'll have to find the APN first and you can do that on that site as well (see Most Popular Queries & Downloads section). I hope this helps.... more
The average cost of remodels (from what I hear) is between $90.00 and $120.00 per sq. foot. If you visit the National Association of Realtors, Realtor.org. page you will find 1190 returns on this very topic and will undoubtedly find just what you are looking for. Good Luck. Cindy Vedder.... more
In addition to what Jennifer said (I am in San Diego, so I agree with the weather), there's the ocean and you are close to just about every activity you can think of, no matter what area in California that you live in. California is also a front-runner to a lot of policies and laws later adopted by other states.... more