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Dan Beirne's Advice

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  • 3 Contributions
  • 1 Best Answers
  • 0 Helpful

Dan Beirne wrote:

I am interested in selling my home that I bought about a year ago.

Answer
Here is a thought about pricing that might help.  Buyers set the prices of the sellers houses. The only thing a seller can do by moving thier price away from market value (higher) is to help the property sell for less.  This is not a bad thing however it is actually the path to understanding prices and to help you to get the best price for your property.  Flip your mind around and look at the marketplace like a buyer, not a seller. Search for a house like yours and see what a buyer sees. Take a close objective look at their choices in the marketlace. Use this knowledge to price your house to make it look like it is priced right. Once a buyer feels that the price is fair based on the only thing they know (the properties on themarket now) they will feel comfortable buying your property at fair market value.
January 28 2012
(0)

how to get a market analysis?

Best Answer
Most realtors will give you a market analysis without obligation. It will show you what similar homes are selling for and it is the best indication of what your house may sell for.  The best way to proceed after that is to drive by and visit (if you can) the houses in the market analysis and draw your own conclusions of value. Picture yourself as a buyer looking at the recent sales. What do they say about the value of your house?  Sellers for many reasons are the least objective party in the transaction regarding house values. Be sure to get good advice from a local agent. If you feel insulted by their conclusions double check the facts by doing your own homework but understand that the buyers set the prices. Sellers do not. If your value comes in low you may be able to make it up by buying a new house at an equally "bargain" value.Good luckDan Beirne
January 15 2012
(0)

One of comps used for my home value is not an arm's length sale. Sold to relative. How to adjust?

Answer
The best way to get the comp thrown out and to make the appraiser go out and get another one is to send a certified letter to the underwriter for the lender explaining why the comp is not anarms length transaction.   I would suggest that you work with your realtor at the same time to identify an appropriate comp to replace is and send that along as well.You are right..all comparables need to be arms length in FHA and Conventional financing.Dan Beirne
January 15 2012
(0)
 
 
 
 
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