Profile picture for Loreen Cinganelli

Loreen Cinganelli

Agent

Realtor, Marketing PRO, Certified Buyers' Representative (14 years experience)

6 Recent Sales (last 12 months)

Specialties:
Buyer's Agent,
Listing Agent,
Foreclosure,
Short-Sale

Advice

  • (5 Contributions,
  • 0 Best Answers,
  • 0 Helpful)

Contributions are sorted newest to oldest.

I have had my home listed with a realtor for 6 months and the listing is almost up and I am thinking

Answer

Although I agree that not all agents are created equal, it appears that we are not hearing the entire story. First of all, why did you hire an agent and let him/her work for 6 months to get your condo sold at a price which you knew was too high?  You do realize that realtors work very hard and do not get paid unless a sale occurs, so it is also in your agent's best interest to get the home sold.  Did he/she promote your condo via professional photos in MLS and social media channels? Did your agent communicate with you about the process?  Did he/she suggest possible improvements to your condo and/or price changes along the way?  If so and you ignored the agent's advice, listen now and reduce your price with your current agent.  If not, find a new one after your contract is up but let your agent do his/her job this time before you miss all the snowbirds, if you haven't already.  

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Renter wants to buy home but feels he deserves a 6% discount since we aren't using a realtor??

Answer

First of all, how do you know the price your tenant is willing to pay is the highest price the market will bear?  Our market in the Boston area is very hot so homes are selling above asking price very quickly when sellers use a realtor.  Unfortunately, I'm not sure of the market in Palm Beach, FL, right now.  My suggestion would be to contact a local realtor and have a market analysis of your property.  You also need to check on the tenant's ability to get a mortgage since you really could be wasting your time.  I would do so quickly or hire a realtor before you miss your market, however.  Aren't the snowbirds leaving soon, giving you less possibilities for selling your home?

  (0)
Confused by Zestimate that is significantly lower than recent sales average.

Answer

Honestly, I stopped looking at the Zestimates because they are usually so far off.  I also live near Tufts and the border of Somerville in the Hillside area.  Your best bet for an actual estimate of value is to contact your local realtor and ask for a CMA (Comparative Market Analysis).  A professional realtor will look at the recent sales in a specific area, not in the entire city.  For example, our homes in the Hillside may be valued more than a home in Fulton Heights but less than a home in Lawrence Estates. Contact me at 781-608-1157 or via e-mail at loreenc21@comcast.net if you need some assistance. I'd be happy to assist with the CMA.

  (0)
Does the association of a condo building have the right not to accept FHA loans?

Answer

Yes, unfortunately, the answer to your question is "yes".  It just so happens my home and real estate office are also in Medford, like you. This is an issue all realtors have to deal with and should know how to navigate around.  There is now a "master list" of condo complexes which have been approved for FHA financing.  The time and paperwork are time-intensive so many associations will not bother to apply.  I would check the list on the HUD website before you go condo shopping again. I'm sure your time is valuable so you really don't want to waste it looking at properties that don't meet your criteria. There are other ways to finance but that's a longer conversation. If you need help, just contact me via phone [edited by moderator for contact information]. I'd be happy to help. Best of luck to you and thanks!

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