It depends on the condition of your home compared to what you will be competing against. An agent can come out and give you ideas what specifics would work for your home. Below will be general.
Curb appeal make sure the front of the home is inviting, this could mean paint.
Kitchens sell. Updated kitchens.
Floors beautiful wood floors are very appealing
Updated Baths, a master bath.
Tidy up and declutter, make sure the house sparkles and shines. Gardens are fresh, fences in good repair, a fresh coat of stain on a fence and deck makes for a good impression. Make the repairs needed.
You are complicating this unnecessarily:
Whether two properties are next door or down the block makes no diff.
You should enlist that help of a local Realtor, trust them, and let them do the work for you.
I live on the other side of the tracks a little farther south (off Park), about the same distance from the tracks. There isn't a lot of noise at night, which would be the biggest concern. But there was a recent price reduction on this one, I'd try to get the price down at least another $200k.... more
I can't speak for the price, as I am not familiar with the market, however I would say that a lot of buyers come from the internet and they want to see lots of pictures. At your price range,I would expect your realtor to hire a professional photographer to take at least 30 photos and include a virtual tour, and hopefully a floor plan. Several of your pictures appeared dark and a professional photographer familiar with al estate photos can help make your home sparkle online.... more
You are the one in control essentially you can counter offer. Your Realtor regardless of where they are located should look out for your best interest. There is no standard practice. Each and every transaction is customized to each client and each situation.
You have the right to refuse any of the request. I would give on some of them or you can have your Realtor put in contingencies or stipulations on how much you are willing to pay toward anything. If you are against paying for the home inspection or repeated inspections say so. We are only Realtors after all we do as we are told and if you don't voice your concerns to them then we are none the wiser. So tell your Realtor what's on your mind. God Bless and happy selling.... more
Yes there are currently 14 homes that fit your criteria, I am assuming that you ment 1 to 2 million range.
If you would like me to sent you these properties, I would be happy to assist you, or if you need other assistance please let me know. I have experience working with families that are relocating and understand there needs.
Please let me know if there is anything I can do for you at this time.
DRE# 01397256... more
The real setate had indeed fallen to 5-8 years prices depending on the state you are in.
Palo Alto is a beauty & would love to assist you in selling as Short Sales are all what we handle.
To get a FREE REPORT email at firstname.lastname@example.org
You can expect, in the best of neighborhoods in the Bay Area, to be selling around 2003-2004 prices. This would include parts of Palo Alto, Menlo Park, and Atherton. This is due, in my opinion, to the fact that there is a lot of money flowing through those towns...not just because of the past 10 years of wealth in the area but long established wealth spanning several generations. That combined with much longer term residencies by a large amount of residents has helped these area prop up prices.
Nevertheless, they aren't immune. Other areas, the hardest hit by foreclosures, are down to 1998 levels. That, combined with a greater ability to get cheap financing in these areas, has made that market red hot for the past year.
If you really are troubled, the first step is to talk with a mortgage broker to discuss your options; to see how long you can last or if there is another route you can take aside from selling.
If not, your best bet will be to start looking into putting your home on the market and seeing what you can salvage. If you truly are underwater, that will mean a short sale. If you are on the cusp, my best advice is to find a broker who can get you great results for a reduced commission - and try an keep as much equity as possible. Try http://www.atlistings.com for local agents who can do just that, but see what you can do to keep the home first.... more
Your search returned homes for Palo Alto, Iowa, not Palo Alto Ca. so the numbers you just gave do not apply here.
As far as foreclosures in Palo Alto, there were only 4 single family homes in Palo Alto Ca that were bank owned that were sold in 2009. I do not expect that to increase much, if any in 2010. Overall foreclosures have slowed down, not speeded up. My expectation is that there will be more short sales, particularily in the upper end, in 2010, but not a wave of foreclosures. there are many reasons for this but the summary is the lower end, ie under 1.5 mil in Palo Alto is very active. Homes over 2.5 are not selling well. Banks are getting financial incentives to allow short sales and loan mods rather than foreclosures. Homes that are foreclosed are being released very slowly by banks, probably to keep prices stable.
So, I think the upper end is still in for more depreciation, maybe 10%, but I think under 2 million is PA is stable. For right now.
DRE 01191194... more
There is a buyer for every house. Real estate in Houston is HOT. It is a great time to buy and sell here. I personally have not missed a beat.. it has been a great year. Much of the news of DOOM AND GLOOM.. is not about Houston. Yes, there have been those hurt by recession, but for the most part we still have people experiencing life changing events that turns into a sale or purchase. We were projected to have over 1M people here in Houston.. and about 50% are already here. They are coming here for new jobs...... more
Hi Suraimcfly: I worked in Peninsula and East Bay prior to coming to Humboldt County. My sphere of influence is very large and I am communicating regularly with my associates of Pensinsula and East Bay. Palo Alto is an area I am very familiar with and I have broker/agent friends that I value very much and know they will do a wonderful and good job in protecting your interests as your buyers agent to your for sale by owner. Agent/broker representation is very important. We understand the lanquage of the contracts and what should be included in those contracts to protect you. We understand the importance of your your property research and inspections reports and how to interpret the results guiding you through this process. We understand that time is of the eccense throughout your entire purchase, escrow to close of escrow. Protecting you with your most valuable investment purchase is what we do to earn your referrals and repeat business. May I referr one of my valued friends to you? I will be participating in the process by being the referring agent to a receiving agent to earn your business. When you close the escrow successfully resulting is the receiving agents paid commissin I will earn a referral fee from a portion of their commission. The peace of mind for you is woth my valued referral with my established and respected relationships with professinals I have worked with side by side in our business in your area. The agent I will referr to you will be one of integrity, experience, and knowledge to represent all your needs. Many for sale by owners will broker co operate. this means they are willing to pay the buyers agents commission for bringing an acceptable offer to the table for their consideration and interest to sell. While many for sale by owners attempt to do so to save money and not pay a commission, they eventually do either list with an professional licensed real estate agent to market and sell their property, or they will open escrow with an acceptable offer from al licensed professional who has the buyer that has brought the for sale by owner the best offer to meet his needs and will allow the representation. It is a risk to buy a home with out proper professional representation from a reputable qualified licensed real estate agent/broker. So many things could go wrong during escrow, and after the sale has already closed. Give your self protection, and peace of mind by allowing me to referr someone to you who will protect your most valuable investment purchase. Your reward will be your successful results. Please contact me directly. Meanwhile, please allow me to share my current sellers properties here in Humbolt County, California. You may know of someone in your sphere of influence to referr to me to help my sellers success in selling their beautiful properties! www.3372PrairieAve.com ; www.2911SandPointeDrive.com ; www.628-652PacificAve.com ; www.20PinecrestDrive.com
Thank you again.
Saundra Allman... more
Great Question. Right now is a good time for many people considering buying up because prices are softer both ways in PA, which CAN mean that even if the price you receive for your current home is lower, that money's buying power is effectively higher. If all you want is to add 1 bedroom, or a similar smaller project, expanding may be more efficient. However, you're considering moving areas--are their compelling reasons you'd prefer to be in Mid-Town?
Contractors need money, so you may get a good bid on expanding - however, many are hurting for money, which can get you into sticky situations - contractor can't pay the subcontractors to complete the work, subs put a lien on your home, etc.
As far as appreciation, ask a trusted advisor to show you the statistics on 10-Yr trends for the kind of home you currently own, the type/size of home you'd consider in MidTown, and also (a bit harder), research expanded homes in your area for the 10 Yr trend data. Expansions can be tricky - buyers are sensitive and simply adding a giant bonus room may be cheaper and work for your space needs, but the future buyers would prefer a family rm, bedroom & bath and value the SF at a lesser rate than other homes the same size.
Let me know if you'd like to see data on these.... more
You have a good point................ we are recently seeing agents resisting taking listings from owners who are so far out of touch with the market, they must decline the listing. As more and more of this happens hopefully, sellers will get the message.
The problem is owners know they can find someone that will list the property at their price, so they move on the the next agent, until they find a winner. .
It isn't easy convincing sellers to lose thousands and thousands of dollars on a transaction. This is a process that takes time because they are still hoping for that special buyer to come along and pay their price.... more
Typical fees would include legal counsel, state transfer fees and some bank fees. Most of the costs incured for a selling a property are those paid for by the buyer --inspections, appraisals, title searches, surveys and legal counsel. This may vary from state to state but generally seller side are minimum.... more
We may be comparing apples to oranges. Was the Merc talking about a drop in
a) The number of sales
b) The average or median sales price
Do you have a url for the article in question?
Re. DataQuick -- See comments thread in this post:
Data Quick confuses EPA and PA, and counts condos. Given the carnage east of 101, if you throw those numbers in the mix, then the figures you're quoting may be correct.... more