Advice

  • (6 Contributions,
  • 0 Best Answers,
  • 1 Helpful)

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I have listed my house. Should I be the contact person or do I need a realtor?

Answer

once you listed your house on zillow for sale, that would mean that you "for sale by owner" (therefore, you would be the contact person).when you "for sale by owner", not only you would be the contact person, you would also be responsible for all the required state disclosures when selling a house (please check with your local real estate attorney for complete required documents)in addition, you would be the person to negotiate the contract, deal with the buyer (and their family), and possibly with the buyers agent,...moreover, you would pay upfront fees to market and advertise your house etc ... doing "for sale by owner" essentially you are responsible from A to Z promoting, marketing, selling, negotiating contracts, preparing state-required disclosures, obtaining the best price and terms, showing houses, managing home inspection, title, escrow, etc.... AND PAY ALL THE MARKETING FEES UPFRONT... buy your yard sign, print your flyers, do open house on weekends, pay marketing fees to have your house on real estate websites (such as zillow and there are over 200 real estate websites out there that you need to pay to have maximum exposure of your listing!)etc.....you will receive tons of calls when doing "for sale by owners" - mostly from "not qualified buyers" who are just curious as well as from other real estate agents in your area... you need to ask yourself whether it's worth your time dealing with these "non-productive" activities ....at the end, you may be much better of in maximizing your net sales proceed by hiring a listing agent -interview 3 real estate agent in your area -ask for their marketing planand how they would sell your house fast at top dollars.GOOD LUCK!

  (0)
What is the best month to sell a house?

Answer

Now is the best time to sell...2011 - 2015 we will have more foreclosure short sale REOs,... as we have more foreclosure, coupled with increasing interest rates .. the home prices will go down the real estate market is going down in 2011 all the way to at least 2015 before stabilize and may gain some appreciation,.either you hold for at least the next 5 years... or sell now

  (0)
how can I find out what my home is worth?

Answer

The most cost efficient way to find out how much your home is worth is to contact at least 3 local realtor in your area. Each realtor will give you a comprehensive analysis and you should get an idea from there.

  (0)
My home value has declined for 2 years - sell or hang in?

Answer

HOLD your current property?SELL, pay your taxes, and purchase a new property?EXCHANGE into another property and defer your taxes?orREFINANCE, pull out cash, and purchase a second property?The answer is it DEPENDS! what's your goals?? what's your current financial situations?where you are today and where you want to be in the future in terms of:Cash FlowIncome Tax Saving

  (1)
Buying a short sale

Answer

Michael,the bank really want to complete the short sale fast! However, most of the lenders now are not staffed with competed short sale negotiator and the process, the red tape is very long... the logic behind is that the lender want to do short sale, but they just want to make sure that the purchase price is the fair market value today... and that the borrower (the seller of the house) is really qualified for a short sale.Short sale is not for every home owner who want to get out of their up-side-down mortgage...now, this seems simple, but the lender with their new "short sale system" is overwhelmed... your average lender is processing at least a hundred short sale files per day per negotiator... to make things worse for you is that if the short sale listing agent is not experienced in processing short sale listing, then this whole process even take longer!!!!so, my advice to you is that "go submit your best and highest offer on that short sale"... but keep on moving look at other homes available for sale... that one short sale is totally out of your hand.. you may be able to improve your chances a bit if you are working with a good buyer';s agent and your agent will make sure your offer is strong. other than that, it';s up to the listing agent and the negotiator at the short sale lender side to process ... fast or slow... i hope this helps a bit for you...

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