If you drive down the street, away from the house, you will see a BLUE reflective dot in the middle of the street: That indicates where the hydrant is.
The Fire Departments looks for them, when there is a fire at night.
If that is your only objuection to buying that house; now you're ready.... more
I would personally get my own estimate and then offer the buyer a credit at closing for the amount of your estimate. If you go ahead and fix it the work may not be acceptable to your buyer, therefore I recommend giving the buer a credit. Hope this helps... more
My first question is did the town approve the garage to be converted to an apartment? If yes then it should be able to be sold with the apartment. If not, will you have to incur the cost to turn the garage back into a garage or does "from the new garage" mean you've also added a garage after the conversion?
Does the apartment add value to your home? Perhaps for a person looking for a mother/daughter setup it does. For someone looking for a garage and if there is none then it may be a turn off. I would recommend having a real estate agent run comps against similar properties with a mother/daughter setup or homes with inlaw suites and similar properties that don't have the mother/daughter setup. That should tell you that value of the apartment.... more
Consider interviewing in person a few local agents from different realty companies, then choose the one you like best and who has the most to offer; ask what marketing strategies will be implemented; what plans will be put in place to coordinate meetings with buyers; what feedback/communication can you expect and with what frequency; will data be supplied to help establish a fair and marketable asking price; will buyers be pre-screened and required to have mortgage pre-approvals when submitting offers; what other services does the agency offer, if any.... more
I can't answer how long it would take you to make up the loss, or whteher or not it is worth taking a 100K loss, without additional information about your financial situation, but I can tell you this:
I was at a seminar for Jeffrey Otteau, Fortune 500 appraiser today. For you to make up the approximately $100K you state you lost, you would be looking at close to 10 years to get back to the height of the market sales price. There will be minimal increases in the market, much closer to normal market appreciation in the coming years, but it will be a slow process.
So can you hang out where you are for those years?
An accountant is probably the best to answer the first 2 questions questions, based on your financial position.... more
I waited for 6 months, but the sellers Realtor rented us the property while we waited, since it was vacant..
It was all worth it at the end, we did keep looking at other properties, and could not find any better.... more
With all due respect, not enough info provided to respond appropriately to your question. The very first question I would ask is the location and secondly, did you really mean "60 acres"; if so, what type of land: is it subdividable, residential only?
Love and Peace,
Francesca Patrizio, Realtor, ePro
732.606.2931 (Cell 24/7)... more
I have attached a link to all of the activity for your model...the Bayberry II...since 1/1/09. As you will see the numbers are all over the map! The highest UNDER CONTRACT unit was listed at $179,900..we will not know the SOLD price until it closes!! The last CLOSED Bayberry II came in at 135,000 for this year, HOWEVER, this home was a Pre-Foreclosure Short Sale Home and these almost always sell below market! From what you have mentioned about your home it seems to be in wonderful shape...but it is hard to give you a confident decision about price without seeing your home. For example...has the kitchen been updated and upgraded...how about the baths?? Also what type of flooring is thru-out your home?? As you can see there alot of factors when pricing a home! Feel free to send me more details or call me to schedule a visit! I would be happy to help! I live, work and raise my family right here in Jackson so feel free to call me at 732-239-3809!! My Best...Diane Notarfrancesco, Century 21 Action Plus Realty-Jackson
I see two avenues for your friend
1) marketing a listing is a big investment. It seems to me that five months and no sale signals more issues that just "I am waiting for the market to improve). In most cases listings that sell in the first 30 days sell at closest to list price. So at five months, something is amiss.
2) If the problem really was that your friend is unhappy with the REaltor (as if WE control the market) then I think a meeting with the Realtor is in order (actually both cases).
Unless there is a serious issue with performance, a nice thing to do would be to provide the Realtor with three referrals of people that need help. Also, a frank discussion about your friend's goals and needs.
Most people have no idea what goes into selling a listing. The fact is that ANY property will sell at the right price. A good REaltor can max out your net, however unrealistic expectations are not going to help.
To put it another way, we are not paid until escrow closes. What would YOU think is fair. Spending a few thousand dollars on marketing listing, and time , and effort, must have value.... more