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Mellissa Young-Ramirez's Advice
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0 Best Answers
Mellissa Young-Ramirez wrote:
How do i find out how much to list my house at without talking to a realtor ?
Hello, I tend to answer questions pretty bluntly or straight forward, so here it is, RESEARCH1.) Get a full appraisal and you will see the compareables used which should be from your area and from there you can make a decision.2.) Look through classifieds, craigslist ads, online Trulia, Zillow, Redfin, all can give you an idea of what properties are listing for. 3.) Then see if you can get online with the county assessor office, input your address and you should be able to see what all properties sold for within a 1-2 mile radius of yours. Weed out the ones that sold in the last year or last 6 months if applicable. Then you can compare that information with the information from online listing sites and derive a number. 4.) Get a home inspection with a repair bid. That way you can make sure the repairs were taken into account by the appraiser and if not, deduct them yourself from the final price you determine. 5.) Another sneaky option is to ask agents for MLS list of current listings or sold for area. If agent provides it, then you have more info. 6.) You can even go online yourself to Listingbook.com and establish your own account. I lost a few buyers that way many times, so I stopped telling my clients about Listingbook. 7.) JUST DO IT, advertise and see what kind of offers you generate, that will give you an idea of how much.8.) Hire a Realtor to list for you. There are factors involved with everything I just relayed and too much to go into right now but it comes back to "It's best to get a licensed professional or you risk wondering what if ....?"
Question for consumers/sellers...What do you ask when checking a REA's references?
What gets me is asking if agent is full time, I have been licensed for 17yrs and my schedule has varied according to stages in my life, the demand for an agent and according to my efforts put forth to generate prospects. I have had times where I worked 12 hours a day and didn't sell anything or get any listings and other times when my efforts did pay off. The one thing that is consistent, is my sphere of influence and but even that takes time to develop regardless of amount of hours per day. So working full or part time, really does not play a part in how well an agent can market and list a property. In fact, only part time hours would be necessary if agent works one or two listings at a time and their clients are happy with results. The main thing is does the agent limit themselves to set hours because that can prove problematic for some sellers and some situations. An agent has to be available when the buyer or seller is available.
How can I find out what my neighbours are paying in property taxes?
In Los Angeles you can look up assessor records for property sales and find recent sales in your area then take a guess from there. Aside from that, wetdawgs response is a good one.
interested in listing with Auction.com . Any experiences on the sell side?
Agents are also using Auction.com services, it is becoming a regular part of some agent's marketing strategies for best price when the market is not bringing in offers at the price listed for. Also when property is a short sale, many loan servicers are now requiring that agents use auction.com. It seems to be a good source for investor buyers and anyone with a distressed property to sell. Auction.com does require that real estate agents sign up with them, before they can represent listings or submit offers to purchase on behalf of their buyers. But it is easy to register with them and I predict that this type of selling will be the popular option for next few years.
Zillow vs. Reality
In short sales it has been very common for servicers to turn to Zillow for their estimates and for a while, lenders were cross checking values with ZIllow before approving a traditional loan based on current appraisal. Almost every consumer I know of, who has a smart phone, has become hooked on following listings on Zillow and Realtor.com or RedFin. They like the sense of empowerment it gives them in providing the data. They don't really care as to validity and that is where the art of persuasion has to be used to bring them around when there are differences in values. I have lost a few clients because of the zestimates and have seen my husband lose loan deals or I have had short sales not be approved as a result of zestimates, so it can be a force to be reckoned with, depending on the consumer personality or the difference in value. I would say it is a 50/50 tool that it has advantages and disadvantages for all who use it, it is a matter of using it wisely that counts in the end.
Can I use my current home as collateral on a new loan?
As in a blanket loan? Possibly, it depends on type or purpose for loan and of course, the lender guidelines.
My chances of being approved...?
The underwriter is primarily concerned with the numbers, they will add up all monthly payments and check them against credit and title to be sure they have an accurate number for determining income to debt ratios. They will also double check the new new proposed loan amount, payment with interest, taxes and insurance if impounded, to determine front end ratio, the allowed ratio for housing expense. They look at income and verify those numbers, the length of time and check verification of employment. They may also look at tax returns to see how much additional income you are reporting and the expenses on other properties. Bottom line is an underwriter, verifies the numbers, check ratios and confirm all documentation submitted conforms with the guidelines of the loan program that you are applying for. If approved they may have additional items they want to see and verify which will be included with the approval as conditions. Your loan officer will be able to explain those to you and help you satisfy them.
Keep current home, rent it, buy another primary residence.
Justin gave a perfect answer :-)
How do I get my listing off your sight. Your Zestimate is hurting my chances of sellling my home
As a homeowner I would like to know the same thing, but I never have been able to get that question answered to my satisfaction. Sometimes it hurts and sometimes it is a good thing, all I know is it seems like the value is never where I think it should be. I have always wondered how are values established by zillow if a home was never in the MLS or publicly listed for sale too. Hope you get the answer you seek, I would love to know what it is myself.
Agent representing us ??
With my MLS, when we input listing, there is a box in the broker details section regarding advertising and if we clear the box, which is checked by default, then listing is not entered into the feeds. This has no connection with the status of listing too, so even if Hold or Private status, it won't impact this selection, so agent has to be sure to clear the box to keep it private. In my MLS it is real easy to overlook this or misunderstand what it means because the verbage is not clear and there is no help definition available for it so mistakes can happen. Why don't you ask agent to cancel it from MLS and resubmit it at a later time?
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