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Terry Hughes's Advice
Contributions are sorted newest to oldest.
3 Best Answers
Terry Hughes wrote:
How do I talk to someone about a listing? Do I need to find a local real estate agent?
Are you looking to list a home or talk to an agent about a home currently listed? If you are looking to list a home, yes talk to an agent. If you are looking for information about a home listed for sale, yes talk to an agent. To list a home you'll want a seasoned qualified listing agent to assist you. If you are looking to buy a home you'll want a seasoned veteran also. A new agent will not know the ropes or have the credibility you'll need to succeed.Best regard,
This is interesting. You say you short sold your house in 2009, but; the second loan did not settle? In order for your home to have sold with a clear title for your buyer, the second lien holder had to agree to the short sale.What type of settlement took place with the second? Did you negotiate a payoff with the second as part of the short sale deal?
I NEED TO FIX HEADING INCORRECT ADDRESS
Gladys why should you care if an advertising agency has the wrong addess? You do understand Zillow is just an advertising agency right? They are not the tax assessor and they are not the multiple listing service. If you ever sold your home your realtor will have everything correct and Zillow would then have both addresses in their data. Why be bothered at all about this.
how often are your listings got updated in Zillow?
Zillow is not an updater of listings. They are an adverstising agency. Take a close look at their website. If you want accurate information about the market contact a Realtor.
Question for inlaws.
Hi Brenda,Your inlaws will no doubt have to go through the legal process of forclosure. It would be best to contact a qualified local real estate attorney to handle this. I live and work in Vacaville and can refer you to one. Staying with Zillow rules I will not post the attorney's contact information here. Just email me back and I'll provide you his contact information. He's an expert at this.Best regards,Terry
hi how is constrction quality determined and what does it mean its rated 1-10
Any numbering system for grading is relative to the grader. Who is the grader? Is it an independent grader or the builders grading themselves from surveys of past clients? Is it JD Powers? The State? More clarification is needed to answer this question.
How to Bid on Foreclosure properties
Bidding on houses for sale at the foreclosure auction requires cash offers. Prior to making an offer I suggest you visit the auction and just observe. Seeing how the auction functions and noting what players are involved will help you become successful. Knowing what your top bid is and when to walk away from a potential deal is very important. Having a clear idea of what the current market value of a house/property is can help you from overpaying. A knowledgeable Realtor who works in the area where you subject house is located can help you with a value estimate. Gather as much information about the house as you can from public records, neighbors, the previous owner or renter. You will also want to track the foreclosure sale of your subject house. Not all houses slated for public auction actually get sold on the scheduled date. Various reasons for this include, short sale in process, modification in process, owners makes a payment arrangement acceptable to the lender etc. Although the courthouse steps can offer an excellent opportunity it also can be a minefield to negotiate. You don't get the opportunity of inspecting the subject house via the traditional way. No home, roof or pest inspections prior to your purchase. Good luck in your endeavor!
When offering above the asking price of home do you have to pay the over asking price out of pocket
From your comments it sounds like your agent has run some comparable values on the subject property. She is suggesting from her view the property will not appraise for 210k...Neeraj suggested you keep the appraisal contingency in your offer. If your appraisal comes in below your offer you will have invested $450 dollars for the appraisal. The seller will have a choice in the matter. They can lower the price to meet your appraisal, they can cancel the deal or ask you to pay the difference between appraised value and purchase offer price. If you don't have the cash to pay the difference you will have spent $450 for an appraisal. Neeraj is correct in protecting your interest you do not want to waive your appraisal contingency. Your strategy is sound, but; you want to first be very sure there are comparable sales to support your strategy prior to spending $450 dollars for an appraisal or be sure you have the cash to cover the difference. It takes a skilled negotiator to get this type of deal put together. Good luck with your endeavor.
What is the average length of time on the market for a home sale in Fairfield, CA?
The answer to your question will be determined by the type of sale. If you are talking about a short sale it may be 4 to 5 months or longer. If you have enough equity in the home and its a regular sale you can count on closing escrow with 30 to 45 days from an accepted contract. If your sale is a probate sale it will depend on what phase of the probate process you are in.
I have a home (3 years old) in a new development in Vacaville, Ca. New homes are being built and pr
It's possible that the new sales will increase the value, however; I know of a strange correlation between re-sales and new sales based on appraisal I've seen. It appears that new home developers are getting a pass on values from appraisers or appraisers are ignoring new home sales when valuing re-sales. Re-sale homes are getting hammered comparatively for no reason. Let me give you an example and state my case. New homes have some upgrades, granite counters tile floors new hvac system and they are shinny pennies without window covering or rear landscaping, additionally the front landscaping is marginal at best. (sq footage 2300, sales price $375,000) Another home with more square footage in the same neighborhood was build 4 years earlier with $150,000 in upgrades, has been fully landscaped with hardscape and quality plants and shrubs and has custom window coverings in addition to a tandem garage. Something the new home does not have. (sq footage 2700, sales price $345,000) I can find example after example of this type of sales discrepancy when comparing re-sale vs new home sale.This doe's not mean you won't get a re-fi from an up tic in value. You'll need to get sales data from the new home builder in written form because it doe's not exist in the tax records or on our mls yet! Have this information on hand when your bank sends the appraiser. Then hope the appraiser considers the comparable sales for your re-fi.Best regards,
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