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Home Selling in Buffalo : Real Estate Advice

  • All542
  • Local Info45
  • Home Buying244
  • Home Selling31
  • Market Conditions11

Activity 44
Thu Apr 16, 2009
Dp2 answered:
There are 2 reasons why a property doesn't sell: 1) ugly property, or 2) ugly price/terms.

If you truly want to sell fast, then you'll need to consciously price your home slightly below its current market value, and you'll need to offer highly flexible terms: like some form of seller financing. ... more
0 votes 43 answers Share Flag
Thu Jan 22, 2009
Jerry Thompson II answered:
Its a good question but leaves to many unknowns to be ansewered correctly. The best way to determine accurate pricing is to have a Real Estate Professional over to the home to do a detailed market evaluation they update you on market conditions currently, homes that sold, homes that haven't and competition, Only after that can any professionaly give you an accurate assesment as to Value, Many Realtors including myself do this at no cost or obligation to you, but offer this as a service that can often times lead to a future listing or sale from a satisfied customer who appreciated the time taken to do this important reasearch. ... more
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Mon Dec 8, 2008
Kate asked:
I purchased a home 4 years ago with a federally subsidized loan program (SONYMA). Since then I have married. My husband purchased a home before we were married as well. I am ready to s...
0 votes 1 answer Share Flag
Tue Dec 2, 2008
Michael Wichrowski answered:
I'm not sure anyone can give a complete answer to your question. Are you asking about market values of houses, market values of vacant land, or tax rates?
0 votes 1 answer Share Flag
Tue Dec 2, 2008
Bill Eckler answered:
A & V,
Today's market conditions leave a lot to be desired....However, we are constantly reminded that it only takes one buyer that is attracted to your property.

If you take it off of the market, what are the chances you will sell it? How much is it costing you personally to keep it on the market? Actually, keeping it on the market sounds like a pretty good deal since the only cost to you is the inconvenience of keeping it in showing condition.

It is not impossible to sell in this market but it is harder to sell. This is why you need an agent with a comprehensive marketing plan and you have the committment to do what needs to be done to keep the property in its best condition.

The secret to selling your home is going to be finding a realistic selling price......one that is an accuract representation of today's real estate market. Buyers are all looking for deals......it will be a long ride for anyone that can't meet today's buyers pricing criteria.

Good luck
The "Eckler Team"
... more
0 votes 4 answers Share Flag
Wed Apr 15, 2009
Bill Eckler answered:
Al,

This is a question you should direct to your real estate professional. Ask for the comps for secently sold property that are similar to your home.

This should clarify the price range your home should be in.

At the end of the first month the property has been listed it will be important to take a close look at the number of times it has been shown and the feedback that has been provided by each potential buyer.

If you are getting few or no showings, this is an indication that your price may need to be lowered.

Repeat this at the end of each month or two. We know it normally takes 10-12 showings before a property sells. By using the number of showings of showings over a period of time you should be able to identify a point at which the home will sell....and at a fair price.

Good luck,
The "Eckler Team"
... more
0 votes 3 answers Share Flag
Tue Nov 18, 2008
Dana Schuster answered:
In Louisiana& I'm sure most other states,it can be done at a real estate school ,college or online. Costs will vary depending on school(they do run specials from time to time)& licensing fees in your state. Your best bet is to talk w. someone who has already done this. That's what I did. ... more
0 votes 5 answers Share Flag
Wed Sep 29, 2010
Jess answered:
How long have you had this agent? You sound like you have reasonable grounds to cancel. I definately wouldn't pay the agent a penny. That's the cost of doing business and your agent benefited by the advertising by getting his name out there. I hate agents who feel their work is brain surgery and are entitled to trumped up costs! ... more
0 votes 14 answers Share Flag
Sat Aug 23, 2008
Joel Javan answered:
Are you looking to do Real Estate for just a few years? The reason I asked is because you're interested in doing Short Sales, Foreclosures, Lease with Option to Buy, Tax Liens, etcetera. These are the types of deals that are prevalent these days - but they will not last forever as they are not the norm.

You also said that you wanted to invest in yourself as it is more fruitful in the long run, which indicates to me that you are planning to be in Real Estate for a long time. Since this is the case, I would strongly suggest to you to structure your training so that you will be among the 10% or less of the Reators who will be left standing when the market picks up again, which it will like it always did. Train yourself on the traditional way, which is focused on sales and keep in mind that if you are doing good in sales, you are also going to be helping a lot of people along the way. Short Sales, Foreclosures, Lease with Option to Buy, Tax Liens, etcetera will just come to you as a bonus.

Check out these web sites: http://www.mikeferry.com and http://www.nightingale.com for resources that may be available to you. Good Luck!
... more
0 votes 6 answers Share Flag
Sat Jun 28, 2008
Yvonne Cousar answered:
Do you have a realtor involved in this sale? If you do, perhaps he or she can apply a little pressure to get this done for you. You can also contact the bar association where this attorney is a member to see if they can provide you with some guidance as to your best course of action. ... more
0 votes 1 answer Share Flag
Wed Jul 2, 2008
AJ Heidmann answered:
It is important how your local real estate contract reads in regards to delays in settlement from the specified date. My interpretation of how this would be handled here in Northern Virginia is that since the delay is caused by the buyer side, they would be responsible for any costs associated with not settling as the contract dictated. They could elect to use another lawyer so that it could close on time or they would compensate you for your daily carry cost.

What I would suggest you keep in mind is the big picture, how long is the vacation and how much would it actually cost you? Your goal is to sell the home and if the delay/cost is small, you may want to go along to get to settlement. Now is not the time to start taking a stand on principle and spite your sales goal.

Provide some more info and this group will help you figure it out,

AJ Heidmann ABR, CRS, e-PRO
Coldwell Banker Residential Brokerage, Old Town Alexandria
"Serving Distinctive Clients & Properties in Northern Virginia"
... more
0 votes 6 answers Share Flag
Tue Feb 24, 2015
Don Tepper answered:
With the caveat that I don't know your area at all...

If you've had frequent showings, then your home is being marketed reasonably well, and it's priced OK. That means there's something about either your specific home or your neighborhood that's turning off potential buyers. They're OK with the price; they're OK with the beds/baths/etc. as presented on the MLS. They're not OK with your specific house.

What feedback have you received from your agent? What feedback has your agent received from the agents who have shown the property? (That's not always reliable; people tend to be polite and say everything was fine. But that's still the place to begin.)

Ask your agent to consider holding a broker's open. Then have your agent get feedback from those agents.

If your agent has suggested some minor repairs or maintenance, do them.

If you even suspect that your home might benefit from home staging, get a home stager in there to give you a report. Often, the cost is a few hundred dollars. It's well worth it.

Meanwhile, have your agent keep an eye on the comps. With a bunch of showings, you sound like you're priced OK, but that can change pretty quickly, too.

You and your agent should go and tour at least 3 or 4 of the comps this week. Take a look at your competition. How do you compare? You may pick up some useful information.

Meanwhile, drive around your neighborhood. Follow the route that most people would follow to get to your house. Are there any turn-offs? Eyesores? Abandoned houses? Cars up on blocks? Lots of barking dogs? If so, make sure the MLS listing directs potential buyers a different way to reach your home.

Those are a few steps to take.

Hope that helps.
... more
0 votes 12 answers Share Flag
Tue Jul 15, 2008
Gail Gladstone answered:
I am a Certified International Property Specialist...please contact me off line at Gail@GailGladstone.com
0 votes 5 answers Share Flag
Fri Jun 6, 2008
Keith Sorem answered:
This is not a proper post. This is an ad.Read the guidelines.
IF this is your primary strategy to sell your home, then you should post another question such as "how can I sell my home for top dollar' ... more
0 votes 1 answer Share Flag
Sat Oct 18, 2008
Cesar Garcia answered:
Sun Aug 8, 2010
Jan Mars answered:
Most cities have a Realtor Association. Here in Memphis it is called Memphis Area Association of Realtors, MAAR for short. Our association has a Multi-Million Dollar Club, currently you must sell 3.5 million dollars worth of property in one year to be a member of the club. If you meet this goal five out of eight years you will become a lifetime member. I am sure there are similar "clubs" in your area.
I would start my search with the local Realtor Association.
... more
0 votes 5 answers Share Flag
Mon Jun 16, 2008
Serge in London answered:
You could use sites like www.newyorkproperties.co.uk that market specifically to UK and European buyers and investors. Listing is FREE but deals are done by referal. Hope that helps.
0 votes 1 answer Share Flag
Sat Feb 9, 2008
Gail Gladstone answered:
Most attorneys have set fees for real estate closings...it has nothing to do with being in agreement. When you hire your attorney (or when you did) the fee should be disclosed.

The buyer will be responsible for paying their attorney and the bank's attorney. The bank loan officer should provide a good faith estimate that includes the fee for the bank's attorney. ... more
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Sun Jan 27, 2008
Gail Gladstone answered:
The length of time it takes to sell a house anywhere is dependent upon the price that is being asked and the condition of the house.
0 votes 2 answers Share Flag
Wed Jan 16, 2008
Michael Krotchie answered:
Hi Charlotte,

Agents are people who have passed a state exam and received a license to engage in the practice of real estate for a given state.

Brokers are people who have passed a state exam and received a broker's license for a given state. Many times the requirements for becoming a broker include having been an agent for a certain number of years. When you are a broker you can then open your own real estate brokerage. Although you can be a broker and simply work for another broker, which is what many brokers do. It is often seen not only as a stepping stone but as an indicator experience and knowledge.

As for a Realtor, I took this directly from the Realtor.com site:
" A real estate agent is a REALTOR® when he or she is a member of the NATIONAL ASSOCIATION OF REALTORS®, The Voice for Real Estate® -- the world's largest professional association.

The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes to its strict Code of Ethics.

Founded in 1908, NAR has grown from its original nucleus of 120 to today's 720,000 members. NAR is composed of residential and commercial REALTORS®, who are brokers, salespeople, property managers, appraisers, counselors and others engaged in all aspects of the real estate industry. Members belong to one or more of some 1,700 local associations/boards and 54 state and territory associations of REALTORS®. They can join one of our many institutes, societies and councils. Additionally, NAR offers members the opportunity to be active in our appraisal and international real estate specialty sections.

REALTORS® are pledged to a strict Code of Ethics and Standards of Practice. Working for America's property owners, the National Association provides a facility for professional development, research and exchange of information among its members and to the public and government for the purpose of preserving the free enterprise system and the right to own real property. "

Realtors are agents who have
... more
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