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Home Selling in Charleston : Real Estate Advice

  • All331
  • Local Info40
  • Home Buying105
  • Home Selling22
  • Market Conditions20

Activity 18
Sat Jul 27, 2013
Michael DeLaere (Blaze) answered:
Yes, in South Carolina fees are negotiable.
0 votes 6 answers Share Flag
Fri Oct 12, 2012
Mikki Ramey answered:
The commission is always paid by the seller. The seller signs a contract with a realtor and the commission is agreed upon prior to listing the land on the MLS. Do you have a question about a specific piece of land? ... more
0 votes 9 answers Share Flag
Tue Sep 16, 2014
Mikki Ramey answered:
Mon Mar 7, 2016
Donna Evans answered:
Clean, clean, clean! That includes the yard also with some spring colorful flowers in the front to add to the curb appeal. I have other ideas to make it successful. www.ComeLiveInCharleston.com ... more
0 votes 12 answers Share Flag
Fri Mar 11, 2016
Abu Musa answered:
Yes it is negotiable.It is depends on the contract. Thank you.
0 votes 18 answers Share Flag
Mon Apr 30, 2012
Marcia Wray answered:
Dear Mhb,

There are many sources that "funnel" listings to Trulia and other similar sites. For example, some home magazines upload listing information to Truilia and an automatic 3 month listing period is imposed on each listing. Once that expires, the listing shows that it's off the market. In my case, the magazine that I advertised in had to get the problem corrected. There may be other reasons, too, but your agent should be able to get to the bottom of it and have it corrected for you.

I am very encouraged that many areas of Charleston are now seller's markets! I hope that your home will sell very soon.

All the best,

Marcia Wray
Carolina One Real Estate
843-200-2199
... more
0 votes 9 answers Share Flag
Sat Feb 5, 2011
Military Homes Charleston asked:
0 votes 0 Answers Share Flag
Fri Mar 15, 2013
Lisa Cannata answered:
Sat Feb 27, 2010
"Carolina Joe" Idleman answered:
For the calendar year 2006 Daniel Island had 440 sales with an average sales price of $514,999 and an average of 48 days on the market.

For the calendar year of 2009 Daniel Island had 132 sales with an average price of $516,159 and an average of 233 days on the market.

Let me know if you have any additional questions. Search Daniel Island homes for free at my website http://www.carolinajoe.com
... more
0 votes 3 answers Share Flag
Sun Mar 14, 2010
Brandon Prater answered:
There are many factors that help to establish the price per Sq. Ft. value of a house. First you would need to contact a local agent and let them evaluate the the overall condition of the property. Then the agent would perform a CMA (current market analysis) to compare your property to other properties in the general area and to establish what they are selling and listing for. After you have a price for your homes value you can take the price and divide by the 4,000sq.ft. to figure the price per sq.ft. You can also have an appraisal completed on the property and figure the same way from that, but appraisals will have a +/- value depending on the appraisor. Hope this hepls you out a bit and good luck. ... more
0 votes 4 answers Share Flag
Thu Feb 4, 2010
Gerard Dunn answered:
You could do this. Unless you know the market intimately - you may be selling yourself short.

There are certainly owners out there that have the ability and knowledge to sell their own home. Most do not.

The risk you take is although you may feel you are capable - real estate tends to be a "Murphy's Law" industry.

Many experienced agents know how to avoid potential problems where non-agents may not.

You take legal risks as well. Are you aware of the state and local laws and how they may affect you? Are you up to date on how to properly disclose?

If so...Go for it! If not - find a good professional.
... more
0 votes 47 answers Share Flag
Wed Jan 13, 2010
Fairvalue answered:
Yes, I have, but most of these homes were once listed (or would have been listed) at $1.25-1.75 million.

Also, the number of properties making their way down into this range is an order of magnitude greater than the number of qualified 'interested' buyers out there. Prices will continue to drift lower.

This whole process is going to take years. It is a mistake to promote false hope to sellers, it will only drag out the inevitable market clearing and keep volumes low. Buyers will trickle in and the smart sellers will come down in price to move their properties, while the rest hope. Hope is not a viable strategy.

The sooner property owners cast off their 2005-06 price 'anchors' the sooner the market will find balance. Hoping that thousands of buyers who were not gullible enough to buy property on the way up in a bubble are all of a sudden going to step in at those same prices on the way back down is simply incredulous. Yes, there are always a few buyers, for various reasons, but just look at the months of inventory. The buyers don't exist at these prices, even if they look like deals compared to 2005-06. Go back another 5 years and those 'deals' don't look so hot. Go back 5 years more and those 'deals' look a lot like bubble prices (yes, even taking into account historical inflation). Put another way, in 2004 prices were already much too high, being back to 2004 prices in nothing to brag about.

It is all about your reference point, just something to think about.

FV
... more
0 votes 2 answers Share Flag
Thu Sep 3, 2009
Edith Karoline Jasser answered:
Hi Michelle,
I think you are doing fine by using entities like Trulia to get your property noticed, you may also consider sending out flyers to agents in and around major cities in different states, from where potential artist/buyers may come..... Inform any Realtor colleague you have ever had contact with...
If you send me some detailed information, i.e. a listing sheet, photos, price taxes etc. I gladly try to promote it in my area (the larger chicagoland area, if and when I promote other properties of mine!)

Send me details to EdithDoesItRight@yahoo.com
Edith karoline - YourRealtor4Life!
Working always in the very BEST interest of her clients...
Your Chicago Connection
... more
0 votes 2 answers Share Flag
Fri Aug 24, 2012
Dan Mengedoht answered:
LJR,
Our MLS shows 11471 active or active contingent listings. Starting at 1% and going up to 5% are the payout amounts to the buyers agent. Usually these fees are split evenly, so for example the 3% commission means that the seller is paying the listing agent 6% and the LA is offering half of that to another agent to bring a buying. Using that assumption, double these payout amounts to get the broker fee. But, not every agent offers an even split. For example, the 8 guys offering only 1% are probably getting paid more than 2%, but they will also never get a buyers agent to show their listing either. So, the number of listings at each incremental payout amount are as follows:
1%.....8 listings
1.5%.....2 listings
1.75%....1 listing
2%....... 101 listings
2.25%......27 listings
2.5%........2581 listings
2.75%......46 listings
3%.....8168 listings
3.5%......93
4%.....166
4.5%.....8
5%.....105


These numbers may not all add up to the total of listings, but you get the idea. I also do not have an average for you, but you can do that math. I hope this helps.
Dan
... more
0 votes 24 answers Share Flag
Mon Apr 30, 2012
Randall Sandin answered:
Mr. Smith - You have a couple options here. If you have someone that wants to buy the property and both parties are agreeable, you can go straight through a real estate attorney and not use a real estate agent. As an agent, I am going to charge a commission for my services where a real estate attorney can handle all the detials for you and you can bypass the agents. If you are not able to work out a deal with your relative, I would be happy to discuss my services with you at that time.

I have a number of real estate attorneys I work with regularly and would be happy to forward their names to you. Please let me know if I can be of any assistance. Fee free to email me at rsandin@carolinaone.com or call me at 843-209-9667.

Thanks,

Randall Sandin
843-209-9667
rsandin@carolinaone.com
Carolina One Real Estate
... more
0 votes 7 answers Share Flag
Mon Apr 30, 2012
Randall Sandin answered:
Hello Trying - I like how you are trying to think of a new way to fix the situation but the challenge is that you need at least 80% loan-to-value ratio in order to re-finance an investment property. So unless have 20% equity in the home, the banks are not going to lend on it. They have gotten very strict on this as I have another client in the same boat. If you want to email me where the property is and tell me a little about the condition, I will be happy to do a little research and give you a value on the property. Please let me know if I can be of any assistance.

Randall Sandin, 843-209-9667, rsandin@carolinaone.com
... more
0 votes 4 answers Share Flag
Mon Apr 30, 2012
Cherin Cox answered:
Great Question! The good news is that Brokerage fees are not fixed. The bad news is that sometimes you get what you pay for! Which depending upon your needs may not be bad. When I say Brokerage Fees are not fixed there is no law that says what the Brokers are required to charge. Independant real estate offices have Brokers who will set a fee for their office. In most cases any deviation from that set fee has to be done with permission by the Broker. I've heard fees as low as 1%, flat fees, 6% and in some areas 7%. It really comes down to the amount of service you expect from whomever you have represent you. As a provider of full service real estate I charge a full fee to my selling clients. But I have to back that fee up in my marketing & service plan. In many cases I will actually break down graphically where the commission goes so that after marketing expenses, man hours dedicated to your home, taxes, general business expenses (vehicle, fuel, equipment, rent, etc) have all been paid, the client is able to see what I actually make on the sale of their home. Please see the article I have referenced.

Thank you for this opportunity.
Cherin Cox-Wiggins
Houston, TX
RE/MAX Town & Country
www.cherincox.com
... more
0 votes 28 answers Share Flag
Mon Apr 30, 2012
Ken Christian answered:
I think the best way is to negotiate lender fees. Recently, I have seen lenders opting to drop origination fees and closing cost to attract business. Check with lenders in your area because this may not be the case in every local. That being said, its always a good idea to shop financing cost. ... more
0 votes 10 answers Share Flag
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