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This thread is currently closed for responses.
- Dan Currie, "Daniel J. Currie"
- Contributions:129
Besides the obvious, look at these; since we don't know your exact circumstances:
1.) If you sell the home to someone who cannot qualify for a loan yet, but will be able to do so at a later date, you will get a higher price.
2.) Can your property be bundled with other parcels adjacent to you and converted to commercial zoning for a higher price when sold for commercial use?
3.) Rental properties carry different value and allows income to be earned while holding the property to sell at a appreciated price in the future. (Are you located where your property could be used by a cellular phone service provider to place a signal tower there?)
4.) Do you foresee a government agency annexing your proprty to make improvements to a public right-of-way?
That's all I got!
1.) If you sell the home to someone who cannot qualify for a loan yet, but will be able to do so at a later date, you will get a higher price.
2.) Can your property be bundled with other parcels adjacent to you and converted to commercial zoning for a higher price when sold for commercial use?
3.) Rental properties carry different value and allows income to be earned while holding the property to sell at a appreciated price in the future. (Are you located where your property could be used by a cellular phone service provider to place a signal tower there?)
4.) Do you foresee a government agency annexing your proprty to make improvements to a public right-of-way?
That's all I got!
- Michael Emery, "MikeEmery"
- Contributions:7298
How about if we all 'agree to disagree' in 100 words or less?
- Reallyfedup
- Contributions:815
- Skip Dreibelbis, "True Blue Auctions"
- Contributions:154
Hi Reallyfedup
Sorry you have missed out on all the fun!
Wonder why the mansions and high dollar properties are being sold at auction? The beauty of the auction method is that it is the most fair and level playing field for all sellers and buyers to be on to deal in the "true market value" as stated by the National Association of Realtors on their website. REF: http://www.realtor.org/auction/auctions/auctionbasics
Maybe you know something that they don't or have more experience than they do at the sale of real property. Help us all out here and let us know... That is what this forum is about... Right? Entertainment value is the purpose of the website's own statement of how it is classified according to its origins and purpose... Please correct me if I'm wrong and show me different... This is why links are always so good to reference points being made on posts...
Thanks again & hope you are able to find the peace and tranquility you deserve so you are not "Reallyfedup" (Stated tongue and cheek and not mean spirited in the manner and purpose of the website's entertainment purpose and mission.)
Sorry you have missed out on all the fun!
Wonder why the mansions and high dollar properties are being sold at auction? The beauty of the auction method is that it is the most fair and level playing field for all sellers and buyers to be on to deal in the "true market value" as stated by the National Association of Realtors on their website. REF: http://www.realtor.org/auction/auctions/auctionbasics
Maybe you know something that they don't or have more experience than they do at the sale of real property. Help us all out here and let us know... That is what this forum is about... Right? Entertainment value is the purpose of the website's own statement of how it is classified according to its origins and purpose... Please correct me if I'm wrong and show me different... This is why links are always so good to reference points being made on posts...
Thanks again & hope you are able to find the peace and tranquility you deserve so you are not "Reallyfedup" (Stated tongue and cheek and not mean spirited in the manner and purpose of the website's entertainment purpose and mission.)
- Reallyfedup
- Contributions:815
If this is an entertainment website, then some here sure are providing the entertainment.
An auction assures the property will be sold at true market value? Really? The only time I've ever seen a house sell at auction is because no one wanted to buy it when it was listed and now it's either foreclosed on or in a bankruptcy case and those attending the auction are looking to get the house at a rock bottom price. Thinking that buyers are going to out bid each other and push the price up is quite an opptimistic approach.
An auction assures the property will be sold at true market value? Really? The only time I've ever seen a house sell at auction is because no one wanted to buy it when it was listed and now it's either foreclosed on or in a bankruptcy case and those attending the auction are looking to get the house at a rock bottom price. Thinking that buyers are going to out bid each other and push the price up is quite an opptimistic approach.
- SoCal_Engr
- Contributions:5668
@ Shawn...
Point taken.
Point taken.
- Shawn Rogers, "Mister Rogers Homes"
- Contributions:912
I'm just wondering if "fmccoy" is still in need of an answer ;-).
- SoCal_Engr
- Contributions:5668
...
- Skip Dreibelbis, "True Blue Auctions"
- Contributions:154
Thanks "workabee" for proving my point about this being an entertainment website... Your post and profile help prove that point... 918 posts sure does show that you must have a lot of time on your hands to work this website over... Are you an agent/realtor or broker?
Don't know who you are referring to regarding your last post... Certainly not me... I'm a licensed and bonded agent for sellers of real property. Thanks for the entertainment and keep the posts coming!
Don't know who you are referring to regarding your last post... Certainly not me... I'm a licensed and bonded agent for sellers of real property. Thanks for the entertainment and keep the posts coming!
- workabee
- Contributions:1030
"Who knows, there is no legitimate photo, name or anything that would give any signs of legitimacy."
...so says the man who's tag says "Agent" yet he is not a licensed real estate agent.
...so says the man who's tag says "Agent" yet he is not a licensed real estate agent.
- Skip Dreibelbis, "True Blue Auctions"
- Contributions:154
There is always an exception to the norm of letting the world know what price the owner will settle for by putting a price tag on it with the assurance it will be negotiated down. SoCal_Engr (if a real person - no photo or assurance that they are not an editor wanting to control the juice on zillow's entertainment website). Remember folks, this is NOT a real estate website but an entertainment website. No legitimacy here when it comes to a person creating a profile and zillow being regulated by real estate laws, principles and practices that regulate the industry, only a user terms and conditions. Nonetheless, this is all for entertainment according to zillow's own classification as a website. Someone who has posted 3627 times on this website either must be a licensed real estate professional or a person wanting to make money on this website and is using an id to try to influence the juice from the website. Who knows, there is no legitimate photo, name or anything that would give any signs of legitimacy. One thing you can have the assurance of is that they are spending a LOT of time here entertaining everyone. One thing you can count on is that the times were much different when SoCal_Engr supposedly sold his/her property. It is not like today where we are informed that Home Prices Sink Further: Declines Reported In All 28 Metropolitan Areas; Unsold Inventory Piles Up REF: http://online.wsj.com/article/SB10001424052748704680604576110442537531026.html?mod=wsj_share_twitter People can't afford to wait today for legitimate and qualified buyers to show up and make offers for less and less. Maybe the other people here know more than what The National Association of Realtors states the following about Auctions and what they say a home is worth. Below is what they say, "Benefits to the Seller, Buyer, and Real Estate Agent/Broker Q. What is a Real Estate Auction? A. A real estate auction is an innovative and effective method of selling real estate. It is an intense, accelerated real estate marketing process that involves the public sale of any property -- most certainly including those that are nondistressed -- through open cry, competitive bidding. Q. How will auction benefit me? A.The real estate auction is a win-win proposition for everyone involved. BENEFITS TO THE SELLER: * Buyers come prepared to buy * Quick disposal reduces long-term carrying costs, including taxes & maintenance * Assurance that property will be sold at true market value * Exposes the property to a large number of pre-qualified prospects * Accelerates the sale * Creates competition among buyers - auction price can exceed the price of a negotiated sale * Requires potential buyers to pre-qualify for financing * The seller knows exactly when the property will sell * Eliminates numerous and unscheduled showings * Takes the seller out of the negotiation process * Ensures an aggressive marketing program that increases interest and visibility BENEFITS TO THE BUYER: * Smart investments are made as properties are usually purchased at fair market value through competitive bidding * The buyer knows the seller is committed to sell * In multi-property auctions the buyer sees many offerings in the same place at the same time * Buyers determine the purchase price * Auctions eliminate long negotiation periods * Auctions reduce time to purchase property * Purchasing and closing dates are known * Buyers know they are competing fairly and on the same terms as all other buyers * Buyers receive comprehensive information on property via due diligence packet BENEFITS TO THE REALTOR: * Generates a list of ready, qualified buyers * Offers clients and customers new selling and purchasing options * Increases revenue and market share * Develops your own market niche * Assurance that property will be sold at true market value * Property is sold within a relatively short period of time * Exposes the property to many potential purchasers * Auctions bring people in to look at all your listings, not just the auction listing * Successful auctions result in referrals and return business * Agents can earn commissions as referring agent/broker, cooperating agent/broker, or as the listing agent/broker" REF: http://www.realtor.org/auction/auctions/auctionbasics Find out the reality of what your home is worth today... Contact a licensed and bonded auctioneer today!
- Linda Strasberg, "L Strasberg"
- Contributions:2315
I'm amazed how often this posting appears? A: Contact me if you live in Vegas for a free CMA!
- Jerry Pinkas, "Myrtle Beach Condo"
- Contributions:358
I am amazed at how many have commented on How can I find out what my home is worth!
- SoCal_Engr
- Contributions:5668
I've only sold a few times, using traditional REA services. However, it was definitely not "the list, wait, reduce, wait and continuously reduce method of selling" description used to paint all traditional REA transactions.
My first house had four (4) offers on the first day, one of which I eliminated because it had cheesy financing. Of the remaining three - all full price - I picked the one with the best financing and closed within the month.
Another sale did have me waiting...two weeks. Again, multiple offers and I picked the offer I liked and the other went into backup position. Sale price was off asking, by 0.3%. I know...ouch!
"When they not able to come up with a legitimate alternative or counter argument they are always reduced to trying to call names or discredit the messenger."
Definitely a legitimate" alternative (though one that does not fit the "auction" message), no name calling, no discrediting the messenger.
Bottom line...
I have no need of auction services. The traditional RE transaction has served me well. And, it is not list-wait-drop - not if it's done right.
My first house had four (4) offers on the first day, one of which I eliminated because it had cheesy financing. Of the remaining three - all full price - I picked the one with the best financing and closed within the month.
Another sale did have me waiting...two weeks. Again, multiple offers and I picked the offer I liked and the other went into backup position. Sale price was off asking, by 0.3%. I know...ouch!
"When they not able to come up with a legitimate alternative or counter argument they are always reduced to trying to call names or discredit the messenger."
Definitely a legitimate" alternative (though one that does not fit the "auction" message), no name calling, no discrediting the messenger.
Bottom line...
I have no need of auction services. The traditional RE transaction has served me well. And, it is not list-wait-drop - not if it's done right.
- Dunes....
- Contributions:3894
"Using the Zillow Advice forum to advertise is strictly prohibited in the Zillow Good Neighbor Policy, located at GNP "Please don't post inappropriate stuff: Spam, advertising, or self-promotional content is not allowed in Zillow Advice. This includes, but is not limited to, any contact information such as phone numbers, email addresses, or website URLs." As part of this policy, Zillow prohibits those posting in Zillow Advice from including any contact information in their posts.
If you feel that something you posted in Zillow Advice could be considered advertising, self promotional, or holding yourself out as being able to provide real estate services, it shouldn't be there. Agents should not be holding themselves out as being able to provide services on Zillow Advice. If a consumer wishes to contact you based on a comment you leave in Zillow Advice, they will click the link to your profile where all of the required information is provided. Until then, you are simply providing your two cents to Zillow's community."....
Link
(Above Explanation of Spam Posted by Rachel Rosen Zillow Community Relations Specialist Feb. 17 2011)
If you feel that something you posted in Zillow Advice could be considered advertising, self promotional, or holding yourself out as being able to provide real estate services, it shouldn't be there. Agents should not be holding themselves out as being able to provide services on Zillow Advice. If a consumer wishes to contact you based on a comment you leave in Zillow Advice, they will click the link to your profile where all of the required information is provided. Until then, you are simply providing your two cents to Zillow's community."....
Link
(Above Explanation of Spam Posted by Rachel Rosen Zillow Community Relations Specialist Feb. 17 2011)
- Skip Dreibelbis, "True Blue Auctions"
- Contributions:154
Only one real way to know the true value of a home where the price is NEVER negotiated down but ALWAYS up is to have an Auction. Even the National Association of Realtors says that everyone can have the "Assurance that property will be sold at true market value." Reference http://www.realtor.org/auction/auctions/auctionbasics (In case zillow removes the link. In the race for SEO, they do not want their website linking to a 'competitor' even though theirs is classified as an entertainment website). Why use the list, wait, reduce, wait and continuously reduce method of selling when you can actually KNOW when your property will be sold and have the assurance that it will be at true market value? Better yet, with no contingencies based on financing, the condition of the home, etc. The Auction method is the cleanest method of selling real property today. When buyers compete, sellers win! Now watch out... The slams will come from the few who juice the forum. When they not able to come up with a legitimate alternative or counter argument they are always reduced to trying to call names or discredit the messenger... I'm used to it and it only reveals them for what they are because they don't have real names and hide behind facades where they do not have real photos of themselves... It is all good...
- SoCal_Engr
- Contributions:5668
@ Dwane and Maryanne...
Including any contact info (e.g. website, email, phone, etc.) is considered "spam" by Zillow and not allowed in forum posts.
In case you missed the sarcasm, none of my email/website info is real.
Including any contact info (e.g. website, email, phone, etc.) is considered "spam" by Zillow and not allowed in forum posts.
In case you missed the sarcasm, none of my email/website info is real.
- Dwayne & Maryanne Moyers, "MoyersTeam"
- Contributions:354
Contact an experienced realtor in your area who has a successful record of representing buyers or sellers in your neighborhood. They should be willing to complete an updated market analysis of your home without cost to you. An accurate value can be determined by a realtor conducting an inspection of your home for general condition and upgrades. The agent will then use homes that compare to your property mostly based on finished square footage above grade, lot size, number of bedrooms, bathrooms, garage, finished or unfinished basement, and other value added variables such as landscaping, and storage buildings. Another option is to pay a licensed appraiser to complete a residential appraisal on your home. Both realtor and appraisal will attempt to use the latest closings in your neighborhood not to exceed 6 months.
Good Luck,
[Link removed by moderator]
Good Luck,
[Link removed by moderator]
- SoCal_Engr
- Contributions:5668
Hey now...I think I was post #456 (and now #461). Should I be embarrassed to be an embarrassment generator?
emailMe@idontfollowinstructions.com
www.iNeedTheExposure.com
(555) 555-SPAM
emailMe@idontfollowinstructions.com
www.iNeedTheExposure.com
(555) 555-SPAM
- James Ryan, "GreatRateFolks"
- Contributions:1038
Joan, So_Cal,
Do not forget, the ONE TRUE way is to auction the home!!
I am rooting for 700 posts by the one year anniversary.
Jim
Do not forget, the ONE TRUE way is to auction the home!!
I am rooting for 700 posts by the one year anniversary.
Jim
- Joan Braunschweiger, "Morris County NJ"
- Contributions:1543
Zillow: I am on my knees now. You have to stop this. I mean, agents giving the same advice hundreds of answers later is bad enough but self-promotion for a question that is almost a year old?!
This thread has become such an embarrassment, somewhere around 450 answers ago.
This thread has become such an embarrassment, somewhere around 450 answers ago.
- Lewis and Beth
- Contributions:60
Visit: [Link removed by moderator] and click on Instantly find your home value or call me at [Removed by moderator] and I'll stop by or send one of my associates by for a visit and FREE market analysis.
Beth L McIntyre
Keller Williams Realty
[Contact info removed by moderator]
- Sara Mehrpouyan, "SaraMehrpouyan"
- Contributions:54
Visit the following website:[Link removed by moderator]
- SoCal_Engr
- Contributions:5668
Sweet! 455 responses to a year-old question that really has only three answers. Niiiiiiiiiiiiiiiiiice.
- Linda Strasberg, "L Strasberg"
- Contributions:2315
You want a cma so you can negotiate an intelligent offer or are you looking to list and set an asking price?
- Joan Braunschweiger, "Morris County NJ"
- Contributions:1543
Michael, self-promotion is a big no-no on Zillow.
- Michael J. Estes, "E Team Austin Realty"
- Contributions:698
If you would like to learn how the Maximum Value Home Selling System can help you get 5 - 15% more money for your home and sell it in half the time of a traditional agent. Call me today
Michael Estes
[Contact info removed by moderator]
Michael Estes
[Contact info removed by moderator]
- Marla Cruickshank, "Marla Cruickshank"
- Contributions:55
This has been covered well here. A Realtor will have the experience and local knowledge to help you determine pricing. I can't overstate that you need to be engaged in the process. Prior to listing, try to stay current on local market conditions. Visit open houses to get a sense of how your home compares. Active and engaged sellers are great partners in the listing process.
- Joann Christmann, "Joann Christmann"
- Contributions:64
If you are selling you should have a realtor do a CMA Complete Market Analysis. This will give you a good idea where to start.
Ultimately you and a buyer will come to "a meeting of minds" a price agreeable to both parties. That is the true Value of your home at that moment in time.
- Diane Smugeresky, "jesuschrysler"
- Contributions:63
Ask a full time realtor in your area to show you the comparables in your neighborhood !
how can I find out what my home is worth?
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