Here's my house for sale -- any suggestions? Thx

BeautifulStranger said:
I actually have a real estate license. I have taken and passed the state exam related to appraisal. Also completed the 24 hour state education requirements for a mortgage broker license. Further, I have attended numerous real estate related education continuation courses held by title companies, a real estate attorney, a 1031 exchange facilitator, and various mortgage lenders. In my first two years of real estate sales, I hit the national transaction average of established agents with average experience of seven years. More significantly, I was able to successfully resolve a complex transaction involving a short sale affecting many parties. I left the industry because I was unable to reconcile certain ethical dilemmas. I believe I can work through those issues now, so may return to industry.

Ok, there is my credibility statement. Now to address your question/statement regarding price reductions. Money does talk. Especially as time on the market increases. Real estate has a lot of moving parts. One of the most fundamental ways for a seller to get the highest price for their homes is to plan ahead, at least several weeks, say six weeks, before actually listing the home for sale. The idea is to allow enough time for an inspection and to correct all of most of the issues brought up. Any title issues will have time to resolve. Some home update ideas may be implemented while simultaneously addressing the issues brought up by the home inspection, saving time and money.

An experienced real estate agent, say one who works at a 100% office (In exchange for a fixed monthly desk fee), as might by found at a RE/MAX, can be a solid way to go. The key is for a home seller to personally interview multiple, at least three, real estate agents and select the seemingly most competent one. A forward thinking seller may conduct his interview process keeping in mind he is effectively marketing his home to the top agents in the area. As far as what questions to ask prospective listing agents, how much research a seller should do beforehand, and how to evaluate agents is best left for another post.
More...

Good points .... ethics are important.


And nine I filed
 
elderado said:
Seriously, you and your realtor need to have your heads examined. The fact that you're even considering this is like a distress signal from a sinking ship. No one who looks at this house is going to be fooled. Someone who's putting up some serious dough doesn't want to have to fix every fucking thing that is wrong with the house. Sorry but rather than hopping over to Home Depot you should be interviewing other realtors. Haven't you ever seen those shows where they put in cameras (not hidden) in various rooms and the homeowner gets some serious feedback from potential buyers? Consider that.

Many of us have given you SERIOUS recommendations and yet, you've done nothing.

Good luck to you. Looks like it's working out.
More...

People will buy a fixer-upper but they will pay accordingly.

At the end of the day, the buyers determine the price of the property.

Ken needs to figure out if he's selling something unique or a commodity. My guess is that his house is a commodity.
 
BeautifulStranger said:
I actually have a real estate license. I have taken and passed the state exam related to appraisal. Also completed the 24 hour state education requirements for a mortgage broker license. Further, I have attended numerous real estate related education continuation courses held by title companies, a real estate attorney, a 1031 exchange facilitator, and various mortgage lenders. In my first two years of real estate sales, I hit the national transaction average of established agents with average experience of seven years. More significantly, I was able to successfully resolve a complex transaction involving a short sale affecting many parties. I left the industry because I was unable to reconcile certain ethical dilemmas. I believe I can work through those issues now, so may return to industry.

Ok, there is my credibility statement. Now to address your question/statement regarding price reductions. Money does talk. Especially as time on the market increases. Real estate has a lot of moving parts. One of the most fundamental ways for a seller to get the highest price for their homes is to plan ahead, at least several weeks, say six weeks, before actually listing the home for sale. The idea is to allow enough time for an inspection and to correct all of most of the issues brought up. Any title issues will have time to resolve. Some home update ideas may be implemented while simultaneously addressing the issues brought up by the home inspection, saving time and money.

An experienced real estate agent, say one who works at a 100% office (In exchange for a fixed monthly desk fee), as might by found at a RE/MAX, can be a solid way to go. The key is for a home seller to personally interview multiple, at least three, real estate agents and select the seemingly most competent one. A forward thinking seller may conduct his interview process keeping in mind he is effectively marketing his home to the top agents in the area. As far as what questions to ask prospective listing agents, how much research a seller should do beforehand, and how to evaluate agents is best left for another post.
More...
%%
Good post; I bought many of my properties from -''owner Realtor agent'']]
I remembered my first starter red brick home.
I really enjoyed it;
it was next to vacant lot, with plenty of wildlife:caution::caution:
BUT good thing for me /average DOM had been notably long;
maybe many did not want a vacant lot, with wildlife next door like I did .
And I remember the seller was difficult person;
she tended to take [wrongly ] a lower counter offer in price\ as an emotional insult .Even if the REALTOR told her that was not an insult LOL:D:D
RE is complex.
The seller took[some say stole]a TV aerial attached to house-THAT's not allowed. My girlfriend's dad told me to contact the Board of REALTORS.
So it was not the[seller's] RE agents fault, but they made sellers REALTOR give me one.
 
The house is no longer on the market.
https://www.zillow.com/homedetails/8630-Brockhill-Dr-Colorado-Springs-CO-80920/13560926_zpid/
upload_2023-8-8_14-41-55.png
 
But, but, what if one California schmuck (who doesn't know house values) wants to over pay?? What then??

Ken, I'm going to be honest here...Joking aside (want to tell the truth).

The work you did on remodeling was good...It wasn't great.

It didn't look like craftsman work. I am wondering if that came into play?

It's not what you put into it ($), it's what buyers see the value in it...
 
Perhaps related to his divorce? Strongly recommend to abstain from any public display of equity/investments/property during divorce proceedings.

elderado said:
Listing removed as of yesterday.

Care to explain, Ken?
More...
 
newwurldmn said:
People will buy a fixer-upper but they will pay accordingly.

At the end of the day, the buyers determine the price of the property.

Ken needs to figure out if he's selling something unique or a commodity. My guess is that his house is a commodity.
More...
If buyers smell a divorce or distress sale, the low balling begins.
 
You must log in or register to reply here.
Back
Top