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Home Selling in Plymouth : Real Estate Advice

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  • Local Info5
  • Home Buying15
  • Home Selling7
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Activity 5
Sun Aug 30, 2009
Dan & Margo Swanson answered:
John,

Unfortunately, there is more to pricing a home than looking at current or future taxable value. You need a CMA on that property with as many comparables (Sold listings in particular) as you can find. Comps are difficult to find in some locations but necessary to determine the current market value and, from that info, where you should price.

Wyndemere Farms has great community and Wayzata schools. The active listings in that area are running $50-60K above their taxable values. The Sold listings for the last year have trended well below their taxable value - over $50K below in at least two instances.

It sounds as though you are not working with a Realtor or you would have had these and other important pieces of the puzzle supplied to you. Correct?

-Dan
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Fri Oct 22, 2010
Ronda Allen answered:
Listing looks very well set up on the C-B website, with lots of photos of interior and exterior. (lower level photo shows some clutter - you may want to de-clutter and take another shot). Checked realtor.com and only saw 6 photos with reference to beautiful backyard, but no photo of it. You may want to ask for enhanced realtor.com listing, since that is still a huge site for buyers doing previewing online. The only thing specific to the house that caught me as 'off' was the photo of the breakfast area - which seemed a little tight. It may just be the angle of the photo. Very nice house and seems reasonably priced. You might show a picture of the nearby beach as an enticement, too. Best of luck! ... more
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Sun Jun 29, 2008
Brad Anderson answered:
Ethan, there are currently 7 Active, 6 Pending, and 14 Solds in Plymouth that fit your criteria. The range of prices is $172,500 to 349,900 on the Actives, $259,900 to $649,900 on the Pending, and $235,000 to $340,000 on the solds in the last 6 months. If you would like more information, contact me at 763-486-5338, or BradAnderson@kw.com. You can also use my web-site to look on the MLS for free.
www.BradAndersonHomes.com
Thanks.
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Sun Dec 12, 2010
Pam Winterbauer answered:
Valerie....

I am feeling your anquish here. If a foreclosure will effect your husband's background check....will a short sale or a deed in lieu of foreclosure? Both of these effect your credit scores so they may also effect his annual check.

If it is feasable to rent./lease it out and not have to much out of pocket that may be the best thing for now. It would help keeping your credit in tact. There is always the option to bring money to the table to close but it sounds as if you are getting tight on cash.
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Thu May 11, 2017
Lenny Frolov answered:
Valerie: Every lender is different, some will deal with you before you are delinquent to spare the foreclosure and some will only work with you after you have got behind. Doing a short sale yourself is something I would not suggest. I would pick an agent that has a lot of experience doing it because that could be the difference between the lender accepting a decent offer or asking too much for the house. If you do decide to work on the short sale yourself some of the things the lender will ask from you is: recent pay stubs, tax returns, financial and bank statements, and hardship letter explaining why your in the position to stop paying and why they should accept what you are proposing. Also, typically they will need an offer to purchase to work on your short sale file.

If you decide to have an agent help you with the short sale ask them how many they have successfully closed. Do research on them because your house is in their hands. No matter which way you go always tell the potential buyers the process may take a while.
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