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I own a home in Woburn. (left to me in a will) Due to family medical issues we have to sell fairly quickly. It's a fairly rundown home but sits on a great piece of property. Any thoughts on whether or not it is a good idea to try and sell the property to a developer who could tear down the existing home and build 2 (perhaps 3) new homes in it's place. The neighborhood has experienced a tremendous amount of building the last 5-7 years.
Any thoughts - good, bad, stupid.
If this sounds like a good idea - where do I start? I've never bought or sold. Help - Thanks -
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Keep in mind my response is based on your need to sell.
It should not matter to you who buys it. Contact a top producing realtor from every local office and have a sit down with them to discuss your situation and determine a "quick sale" price. They will be on their cell phones before they are out of sight. You won't necessarily need a killer marketing plan with all the bells and whistles as long as you are priced to sell (very agressively) and not priced to mazimize profit at the expense of waiting and waiting. Keep in mind that developers/investors don't pay market value. Are you certain the land can be sub-divided?
Finally, when you have found a realtor, let them list it and remember to make it available to them to sell with a favorable commission before you list it. Great price and creating comptetition.
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