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Home Selling in Vermont : Real Estate Advice

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  • Local Info4
  • Home Buying11
  • Home Selling6
  • Market Conditions2

Activity 25
Wed Apr 17, 2013
Suzanne King answered:
I checked the MLS and could not find the home listed. Did you see a For Sale Sign on the property?
0 votes 2 answers Share Flag
Mon Apr 15, 2013
Curly Sue answered:
If you're not a Realtor then you need to hire a Realtor.
0 votes 2 answers Share Flag
Wed Dec 4, 2013
Margaret Amador answered:
Hi, actually I am not giving you the answer you asked for. Instead, I want you to think about why you are looking to deal with a seller directly. Perhaps you are a professional and know all the ins and outs of buying/selling property. Perhaps you have been in the real estate field yourself for some time and by experience this is the way for you to go.

So, you want to save the commission and get the property "cheaper". Did you know that the " For Sale By Owner (FSBO)" wants to do the same thing? That, or the seller is so close to being underwater with their property value that saving the commission seems to be the way to go and break even.

Working with a reputable Realtor should not be an expense but should be treated like part of the investment you are about to acquire. The best of success to you!
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Mon Mar 26, 2012
My NC Homes Team answered:
Micki,

I'd like to try and answer your question but don't really understand what you're asking. You need to explain yourself a little more throughly.
0 votes 2 answers Share Flag
Wed May 16, 2012
Brittany Roy answered:
Hi there!
I would be more than happy to schedule a private marketing consultation with you to determine the market value of your home. When is the best time of day to call you? Please email or call me with the contact information provided below. Happy Holidays!
Brittany Roy, REALTOR®

Buyer Specialist, The Hergenrother Team

Accredited Buyer Representative

Board of Directors

Keller Williams Realty GMP

Cell: 802-279-0457

Office: 802-488-3458

Fax: 802-419-3769

 

_________________

 

Searching for a home?  Click here  www.Brittany.VermontHomesNow.com
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0 votes 2 answers Share Flag
Thu Mar 21, 2013
Rafael Renderos answered:
Jan, there is no set fee. It would be up to you, and the agent you choose, to work out a compensation that would benefit all parties involved.
0 votes 3 answers Share Flag
Sun Apr 22, 2012
Anna M Brocco answered:
Any local agent/realty office can provide the information, consider a call....
0 votes 2 answers Share Flag
Wed May 29, 2013
Phil Rotondo answered:
During the housing boom, lenders rarely required borrowers to provide copies of federal tax returns.

But today, lenders often ask borrowers to turn over entire tax returns.
Often, people will think they can bring in the first two pages of the tax return, and what they need to bring is the full tax return and all schedules because a person's full income picture is contained in the entire set of documents
Borrowers generally also will be required to sign a Form 4506-T, which allows the lender to retrieve a tax transcript from the Internal Revenue Service.
Lenders use the 4506-T tax transcript to compare the borrower's W-2s to his or her reported income. If the numbers match, all is well. If not, the lender will dig deeper.
Lenders are looking for income irregularities and evidence of loan fraud.
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0 votes 4 answers Share Flag
Wed Nov 17, 2010
Julie Cvercko answered:
The "cororations" you sound like you are inquiring about are most likely going to be private investors interested in "flipping" the home - buying low and selling high.

With that much equity in your home - you should be systemacticly reducing the price slight every 10 to 15 days to generate the activity necessary to get an offer
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0 votes 4 answers Share Flag
Thu Sep 30, 2010
Heidi Zizza answered:
That really depends on what area you are referring to. We have many rural areas in Vermont that may have top producers however cannot compete in volume to that of someone in a more populated area. ... more
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Sat Apr 16, 2011
Adam Hergenrother answered:
Thanks for the question. The Hergenrother Team currently has several homes undr contract in the Islands and in Alburg. One of the only pending proeprties in Alburg.

We recently just listed several more homes which you can view at www.Adam.VermontHomesNow.com

One of the more important questions is what price range is your home in?

The Hergenrother Team offers a guaranteed sale program which says if your home doesn't sell within an agreed upon price and time frame Adam Hergenrother will buy your home. check it out at www.GuaranteedSoldVT.com

Let's us know if you have any more questions or email at Adam@AdamHergenrother.com 802-488-3454
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0 votes 5 answers Share Flag
Tue Jun 22, 2010
Christopher Lefebvre answered:
The value of a specific property is dependent on too many factors to answer this question without knowing specifics. For example, have you made any major improvements since 2004? For general market trends in an area, you can look at online resources such as Trulia for data.

http://www.trulia.com/real_estate/Burlington-Vermont/

If you would like a more accurate estimate of your home's value, you could ask a local real estate agent or broker to look for comparable recently sold properties for you to estimate value (often called a CMA report). An appraisal is another option, but that would cost you some money to conduct.
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0 votes 2 answers Share Flag
Wed Sep 30, 2009
Patrick Thies answered:
If there is a mortgage contingency in the contract, the lender could deny their loan application and they would be within their rights to back out of the contract. Check with an attorney to be sure. ... more
0 votes 5 answers Share Flag
Tue Jul 28, 2009
Linda Bagley answered:
Your agent can tell you, assuming they are using an electronic key box.
0 votes 2 answers Share Flag
Thu Mar 28, 2013
Strong Will Real Estate answered:
Top in what regard? There are teams and individuals, volume, and unit sales. By County, town, state? In residential, Investment sales? for the year, quarter or month? To give you a firm answer, I believe that Nancy Jenkin's team, from Prudential Realty Mart probably sold the most homes last year in the state. Also on the list are Geri Reilly's team from Coldwell Banker Hickok and Boardman, Adam Hergenrother's Team at Green Mountain Properties, Bill Desautel's team at Remax North. and Carol Audette's team at Lang. It is hard to know for sure as year end numbers are not in. I will boast that I am the top seller of Foreclosure sales in the state. Let me know what you are looking to do, and I will be glad to assist, or point you in the right direction. ... more
0 votes 4 answers Share Flag
Tue Jul 7, 2009
Tony Grech answered:
An excessive (more than 90) DOM usually negatively effects the appraised value, because that is an indication of a home being overpriced. The opposite (less DOM) doesn't work in reverse though.

Unfortunately, homes that are "priced to sell" - foreclosures, short sales, relocations, etc - are most representative of the current real estate market in most areas nowadays. And lenders want to err on the side of being conservative, even if it kills a deal between a willing buyer and seller.

When there are an abundance of similar comps in a 3-6 month time frame then an appraiser may have the ability to overlook one bad apple. But when there aren't (like now), then they have to report things back to the lender best they can even if it upsets the buyer and seller. The new HVCC (home valuation code of conduct) adopted recently makes it even tougher to dispute an appraised value as well.

So unfortunately it sounds like you're stuck between a rock and a hard place here. Best of luck
... more
0 votes 1 answer Share Flag
Fri Aug 21, 2009
Jim Bellville answered:
If you want to know the law, I would say speak to your attorney. I hope you had one representing you in the transaction. They should be able to advise you as to your next step.

I have to ask some questions:
1. Did you have any real estate agents involved in this transaction?
2. Was the closing cancelled or delayed?

I don't know if you have a full cancellation or if you have a delay due to lender required conditions that can get you a clear to close. Hopefully it is a delay due to an update on a W-2 or maybe a repair on a window or railing that will be remedied pretty quick and get you into your home.

The general rule of thumb for deals I am involved with is to build at least a week's buffer between the financing contingency and the closing date. With the volume that most of the banks in this state are currently doing, I would like to have even more than that. It means a longer timetable to get the deal done, but it protects everyone from having this type of frustration hit them at the last second. That way I know that if there is an issue, I will have at least a conditional commitment from the bank and have time to address any issues. If there is a problem and the bank is not going to lend, it allows me the time to get my Buyers out of the contract without losing their deposit.

One recent commitment letter required about $3K in repairs needing a plumber, contractor, electrician and a mason. We had 10 days built in between the financing and close dates. We pushed the closing a day and then got down to business getting the required repairs done. Everything was done in time to close the original day, but we waited the 24 hours just so everyone could breath before getting to the table.

I would think that tomorrow, you will be on the phone with attorneys, your real estate agent and your lender.

I wish I could help you more. Best of luck!

PS. If you could email me the specifics when it gets sorted out, I would appreciate it. If there is a lender, underwriter or mortgage specialist not getting the job done, I want to make sure that I know it before one of my clients gets into a situation like yours. I also have quite a few friends in that area that are currently looking for homes and/or working as real estate agents. If I can help to protect them, I would appreciate it.
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0 votes 4 answers Share Flag
Sun Jul 15, 2012
Dana Schuster answered:
Trulia does not accept FSBO listings but they can be advertised in the blog section where pictures,links & videos can be posted.
0 votes 5 answers Share Flag
Sun May 17, 2009
Juanita Thompson answered:
After the 3-day festival is over, none that I can see. Is your property on the market now? Will it be on the market while the festival is going on? If so, I might suggest you wait until the festivities are over, if you can. If this is the first and last time your neighbor holds the festival, it's a non-starter in the realm of property value. ... more
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Tue Apr 28, 2009
Ann asked:
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