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Home Selling in Saint Louis County : Real Estate Advice

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  • Home Buying32
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Activity 12
Tue Apr 9, 2013
Debbie Jacobson answered:
If you are talking about the building inspection.... once the inspection peiod has past and the buyer and seller has not come to a written agreement then the contract is dead. Your agent should know that. ... more
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Fri Jun 14, 2013
Suzanne MacDowell answered:
I have never heard of a bank doing something like that, and they are NOT creative! I would say short sale or renting are your two best options.
0 votes 9 answers Share Flag
Sat Jul 14, 2012
Allison Fishwick answered:
This completely depends on your area and what is selling the best in your area currently. Have an agent come to your home and walk you through your options. What they home would be listed for with and without the improvement.

Although bedrooms are desirable, most buyers would not be interested in a home with NO living room or dining room. There would be little space for the family to spend together.

Regardless, you will never know until you ask a professional.
... more
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Sun Sep 11, 2011
Joseph Domino answered:
This is a gamble. I have done it in the past and it cost me money to advertise and service the listing. By the time they were willing to lower their price they switched agents (didn't work for them, still too high).

But, on the flip side you have your signs up which could result in another listing or a buyer.

I think it depends on the house, the owners and the market.
... more
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Fri Nov 20, 2009
Sean Dawes answered:
I would go under the find a pro feature on trulia and email some local realtors and interview a few agents. They will be able to show you comparables for your home.

Sean Dawes
0 votes 9 answers Share Flag
Fri Nov 6, 2009
Erin Rowley Stoner answered:
These questions are always a bit fuzzy. It seems there are quite a few details missing. The short answer is, it depends...

What does your contract say? Has your agent (or any piece of their marketing efforts) brought you a ready, willing, and able buyer? Are you unsatisfied with your agents service?

Please tell us more of your story...
... more
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Fri Sep 19, 2008
Bill Eckler answered:

Contact a real estate attorney for this type of action.

Good luck,
The "Eckler Team"
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Fri Sep 19, 2008
Dale Weir answered:
it depends on how the title of the home is held on the deed. The more important issue can be how the home will be divided up should one of the parties die or if one of the parties decides that they no longer want to own a half or a 4th of the home - can they force a sale of the home then? You need to have someone who is knowledgeable about deeds and the different ways that people can take title look over the current deed and tell you how the deed is currently held and how the changes would affect it. Talk to the title company who would be processing the change for you, or a Real Estate attorney. ... more
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Wed Jun 11, 2008
Maria Morton answered:
We have more than a 5-year inventory of high-end homes in KC. Last year only the top 10% sold. Marketing includes all of the usual plus Exceptional Homes(or your company's equivalent) in your internet & print media advertising, serious networking, and professional staging. Wine tastings in the evening, fashion shows for benefits, your local Home & Garden Tour of Homes, anything that sets the agent tours and public showings apart from the masses. If it has local, historic significance, make a special brochure and put at least one sentence referencing it's uniqueness in the MLS. Also, in this price range, the sellers may want to consider doing the upgrades before placing the home on the market; most buyers will not want to do one thing when they move in; they want perfection. Green is in and even high-end buyers don't want to throw money out the window: do something energy efficient and green. You have a man in St. Louis who's an expert on green building. I have his name & number at the office if you want to call me later. Believe it or not, this is one case where Open Houses actually do bring buyers. I put out extra door hangers the day before the Open(usu. Sunday). You would be surprised how many neighbors will either know someone who is interested in the house/neighborhood or even want the house for themselves. The best of the best impeccable, charming homes in desirable locations sell when priced competitively; the million dollar tear downs sell when priced about 50% of their tax appraisal. Still, with so many more homes than buyers, not everything can sell. For the multi-million dollar market, you may want to consider an Auction. Sheldon Good, out of Chicago, has an excellent track record in this arena. They auction high-end homes across the US and some of the islands. Marketing costs for a 5-million dollar home will probably be around $80,000-100,000 or so. The firm will select a particular region for a marketing blitz to bring out the buyers for that particular home in that particular area. Of course, the sellers can place a reserve on the home. Your commission may be less but some is better than none. The sellers have to pay for the marketing but they pay no commission so may actually come out ahead. (the buyer pays commission) When presenting this idea to your sellers, you need to make sure they understand that Fair Market Value is what a ready, willing, and able buyer will pay for their home today. If they are in a position to accept less than what they are asking, they may be happy to get out from under the home. If they are intent upon getting a certain dollar amount no matter how long it takes, then they need to be prepared to continue maintaining the house for X number of months/years. Another place I have seen high-end buyers searching is on Conde Neste, Ingrams, and whatever local paper you have in that neighborhood are other possibilities. Also try the local private airport lounge and the concierge at the best hotel in town. The sommelier at the best restaurant can be another good source. Last, but not least, the golf pro at the closest country club. Hope this was helpful; good luck! ... more
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Wed Jun 18, 2008
Dale Weir answered:
OK, the contract you signed when you listed your home says that you listed with the broker, not the agent. When an agent leaves a company, the listing stays with the broker. You need to read your contract. You have the right to complain to the Board of Realtors about any Broker or Agent that is a member of their Board. They can provide instructions on how to complain to the Missouri Real Estate Commission about any Broker or Agent who is licensed with the State of Missouri. ... more
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Fri Apr 18, 2008
Dale Weir answered:
Is your condo currently listed with a Realtor? Where is it located at? Is it priced correctly based on current comps? Have you reviewed what your competition is doing to sell their condos? do you know what the absorption rate is for the complex so you can work with your Realtor to place your condo at the top of the list? I can help, but I can't do it blindly. ... more
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Thu Jan 17, 2008
Alan May answered:
Yes, many of the larger firms (Coldwell Banker, Century 21, ERA) incorporate a "paperwork" fee or a "processing fee" ... usually $200 - $300.
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