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Praful Thakkar's Advice

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  • 20 Contributions
  • 0 Best Answers
  • 2 Helpful

Praful Thakkar wrote:

1 time home buyer .... do i need to put down payment?

Answer
Most of the mortgage product will need some kind of down payment when you want to purchase your first home.You should contact an expert lender for this and for the pre-approval of mortgage, an essential step in buying a home.I have helped many first time home buyers - and do host First Time Home Buyers. I can send you the invite if you are interested in. (My next one is tentatively schedule for April 6th.)
March 19
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can a house be sold "as is"

Answer
In this market (or even when it was buyer's market), the answer is more of a question: Why not?It just needs one buyer to come up with the offer to sell the home and as long as it is disclosed, this can be done.
June 14 2013
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what are the fees if I want to list my house for sale with you with listing photos etc

Answer
Hello Gene,Zillow markets your home to millions of visitors a month - and they have a standard fees for this($39,95, if I remember correctly). They also allow you to share your photos on Zillow.Like any other thing, it is always a great ideas to work with professionals - which usually results in best 'bang for your buck'.Real Estate professional charge different fees for their services.For a seller, the most important aspect of the sale is -1. The NET amount they will get after the sale and2. The home is SOLD.If the agents charge very low fees, they may not be able to market the home - mainly on the Internet. In that case, what fees they charge is not important at all because the primary purpose of using the services of a real estate professional is not served. If your home is not sold, what you save on fees is not important.On the other hand, even the agent has a marketing plan, you are more likely to see the 'SOLD' sign outside your home.You surely do not want to giveaway your home - so it is always a great ideas to discuss EVERY details of the sale of your home, including pricing and marketing - and chose your realtor(r) accordingly.I know, the answer to your question is in first paragraph only. Should you have any question, feel free to reach me to evaluate your options.Good Luck.
May 08 2011
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If I list my house by owner with a MLS listing in MA, will it automatically upload to Zillow?

Answer
Linda, I am MLSPIN member - and to best of my knowledge, most MLSPIN listings are seen in Zillow. So, there are high chances of your home showing up in Zillow - one of the major player in marketing your home on Internet.If and when you are ready to list with an agent (which may result in netting more for the sale, as per certain stats), let me know.Good Luck.
February 23 2011
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An addition built on the property 6 years ago is not reflected in the Zestimate

Answer
You have an option to update the additions. If you are ready to sell, this can be marketed - but it does take time for Zillow to absorb that. My home has a finished basement for about 6 years now but it still does not show up!So, it's up to the realtor(r) who will market your home.
February 02 2011
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the zestimate is off by 20K based on other homes sold on our street

Answer
Hello OldFarm164,I understand how you feel about this. It's not unusual for Zillow to be off by some amount.Zestimate is still an estimate of the house value. They have a disclaimer in the footer which clearly mentions that your 'zestimate' could be off - and this difference depends on the state and county the home is located.Should you need detailed price or current market snapshot, you can call me or email me.Best Regards.- Praful Thakkar
November 22 2010
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When is the better time to list a home: last quarter of this year, or first quarter of next year?

Answer
I may differ from the opinion of most of the responses.Holiday season is the best time to sell - as long as you price it right. There are several reasons for this but I'll give you just couple of them - buyers looking for home in this season are SERIOUS (or else they would enjoy shopping) and second reason - the house is already staged! (The statistics says - motivated buyers give the best price for the home and staged homes sell quicker and for better prices.)If the seller is looking to get best out of his/her investment, holiday season is a better time to market a home as compared to January/February.
October 08 2010
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how do I find out more information on a foreclosed house that I am interested in?

Answer
Some agents do subscribe to foreclosure services - (I have subscribed to one such service and provide this information to MY clients.)House you find on Zillow may not have the updated status all the time, as they show millions of home on their website. Working with a local agent would help you a lot even to identify weather it's worth going for a specific home - foreclosure or not.About the mortgage and getting home equity out of it, please consult the lenders - the rules are lot different that they used to be in early 2000.Zillow is a good source - if you see on right side bar, there are some agents who can help you.Good Luck.
September 30 2010
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Is your agent marketing "green" features 0f your home? Get 3 to 18% more for energy saving upgrades!

Answer
Good to know, Zeta. That's where marketing on the internet comes into picture.
September 30 2010
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what is the average agent fee in Burlington MA or MA.

Answer
The question is similar to asking 'how much will TIDE cost'?. Depending on the size and the store the price would vary from $2 to $20.The same way, depending on the agent the commission could be...from a low value to a high percentage. (It is not supposed to be disclosed in public forum like this.)Make a chart of ALL services provided by the agent, see where is the bang for buck!Just make sure, selecting an agent based on the list price will not help you much - keep the two things independent of each other: Setting the list price for the home and selecting an agent.When you want to sell the home, it is more important for you is what you will 'NET' after all the expense. And, bottom line, select an agent who can sell your home.Good Luck.
September 30 2010
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