Kristen Blanchet's Discussions

If you've had that many showings the issue is definitely price. I would try even a small price reduction to see if that stirs up any interest. Make sure your agent calls everyone that has shown the house to inform them about the reduction. Sometimes that all it takes. 

I agree that there are many agents that are full of 'you know what' and have no evidence to support their statements.  However, not all of us fall into that category. I do believe now is a great time to buy. I personally don't believe that home prices will continue to drop as they have in the past few years. In my market area we have seen prices start to level again. With the interest rates as low as they are buyers can now get into an affordable home and lock in a great fixed rate. Anyone in the MA/NH area might be interested in reading this Lowell Sun article from last Sundays paper.... http://www.lowellsun.com/business/ci_9593961?source=email#

WOW! The listing agent should not be giving any advice to you since they represent the seller. If you already have an offer submitted it is to late to start working on the purchase of this property with a buyers agent. I think all around you may be getting bogus advice  from this agent. In a short sale the owner IS the seller and therefore would not be 'kicked out' of the house unless the house is already foreclosed on. The owner is the one that would accept your offer contingent upon satisfactory approval of the price and terms with their banks. Even with the house listed at $499,000 once the banks send in their appraisers they may tell the seller that they have it valued at $525,000. Be prepared, you may not know if you have a home for 4-6 months...it is a very tediously slow process. Good luck!

The lien will be taken into consideration with the sale price that the bank approves so, don't worry about that...that will not be on you to take care of.Even when the paperwork is all in to the bank it can take several months for them to send out their appraiser and come to a final decision as to whether or not they will accept a short sale and for what price.The bank looks at all assets and financial information before coming to a decision. In order to be approved for a short sale there must be a financial hardship. Divorce is not considered a financial hardship. If these owners have money in the bank, investment properties or make enough money to be able to pay the mortgage you may wait months to find out they don't even qualify.

My advice, if you're gonna do it, do it right. You don't want to patch the situation and have to redo it again in a couple of years...

Real estate prices are constantly fluctuating...they'll be back up it just might take awhile.

NO! Don't let it foreclose if you can sell it out right or as a short sale!!!!! It is only beneficial for you to do it either of the other ways! Let me know if you need an experienced agent in your area to help you....I do short sales all the time and they may be time consuming but, don't affect your credit like a foreclosure will...  

You should be able to get to your home detail page under the 'my zillow' tab at the top of the page. Once you are on your homes page you can click on the edit button to change the info about your house. As far as the map is concerned I know when you are posting your home up for sale you can edit the location on the map but, I'm not sure if you can get into that feature through the edit screen....I know we can't as Realtors after the initial info upload. I hope some of this is useful! Good luck!

Oynotc, You should talk with a short sale negotiation company or a real estate attorney for help in dealing with the bank. Even talking with a Realtor that KNOWS how to do a short sale will be able to help you. I negotiate my own listings that are short sales with the banks and sometimes it's just in the wording...just make sure you are working with someone that has experience in the situation.

Hi Angela, To get an accurate value in the current market you would need to hire a licensed appraiser or ask a local Realtor do a market analysis for you. If you would like me to have an agent in your area contact you feel free to reach me through mt page. Good luck!