When the job is done right, the Sellers take the given advice, the Buyer's present themselves immediately and the deal is done. Everyone moves on with their lives with as little stress and incovenience as possible!
When setting a listing price for a home, accurate information and evaluation of that information is critical. The nuances of the neighborhood, knowledge of the comparable properties, current issues facing homeowners and buyers all come into play when setting a market value of a property. Realtorscarry on a thorough discussion with their sellers, explaining all of the factors that affect their home's value. The discussion can take the tact of why the property is worth more than the sellers thought, but more often than not, the Realtor is explaining why it isn't valued at the same amount that the sellers thought. Of course, there is an emotional tie for the sellers...fond memories and endearing features of the property that add value for the present homeowners, but are simply a perk for a buyer. So, after long deliberation, the Realtor and property owners come to agreement on an acceptable listing price.
However, does the Realtor have the same discussion on the seller's expectations after the property goes on the market? For the Realtor, an ideal situation would be the property selling in a reasonable amount of time at very close to asking price. From a seller's perspective, receiving an offer too quickly and at asking price translates into not asking enough for the property. When the property is listed, it is critical to include this conversation. If we do our evaluation correctly, and market the home properly, the property should sell quickly and close to, if not at, asking price. The sellers should not be surprised by an early offer - rather they should congratulate themselves for hiring a Realtor that was professional, knowledgeable and thorough enough to do exactly what the sellers required of them.
Are you wondering "how much is my house worth?" I have two answers for you. First, if you don't really need to move, it is worth whatever you say it is. If you think, "I wouldn't sell this house for less than $300,000," then it is worth that much to you. If you need to sell it, though, what it is worth to you is irrelevant.
Market value is the only relevant value once you are ready to sell. This is the value according to all the home buyers out there. They don't care what you spent renovating the house, or what you originally paid. Spend $50,000 adding a pool, and they may only pay $20,000 more for the home. Real estate is worth what the market says it is worth.
How Much Is My House Worth - Part One
To estimate the market value of your home, use "comparables." This is how appraisers do it. Find at least three similar homes nearby that have sold within the last two to three months (these are your comparables). Also, plan on requesting current listings as some banks are actually looking at new listings for value since the markets tend to trend to the decline in value. This information is in county records (sometimes online now), or ask a real estate agent with access to the multiple listing service. Get the sales prices, terms of sale, description of the property, and other information.
Take your first comparable, write down the selling price, and review the description item by item. Add to the sales price of the comparable for each thing it doesn't have that your subject home has, and subtract for each thing it has that your subject home does not have. This sounds confusing, but it will make sense once you try it a couple times.
For example, if your home has a second bathroom, and the comparable doesn't, add the value of the bathroom to the sales price of the comparable. You'll have to estimate what these things are worth, or ask for professional help. Sometimes it is just worth paying the price for an appraisal to get it done right, or maybe your local realtor can help.
You are rectifying differences, to see what the comparable home WOULD have sold for if it was just like yours. If a comparable sold for $242,000, with one less bathroom than your home, and a bathroom is worth $15,000 in your area (ask a real estate agent for help with these figures), then you ADD $15,000 for the bathroom it doesn't have. Subtract, say $5,000, for the paved driveway it does have, that your home doesn't have. $242,000 plus $15,000, minus $5,000 gives you a comparable sales price of $252,000.
Do these with each comparable, then average the three comparable prices. If, for example, the three comparables now have adjusted sales prices of $252,000, $262,000, and $249,000, add the three figures and divide by three. The indicated value of your home is $254,300. This is about what it should sell for.
My friend went to a dinner party on the weekend, where she and other guests enjoyed copious amounts of alcohol. She awoke Sunday morning not feeling well, with what could be described as flu-like symptoms; headache, nausea, chills, sore eyes, etc.
From the results of some initial testing, she has unfortunately tested positive for what experts are now calling "Wine Flu".
This debilitating condition is very serious - and it appears this is not an isolated case.
Reports are flooding in from all around the country of others diagnosed with Wine Flu. To anyone that starts to exhibit the aforementioned tell-tale signs, experts are recommending a cup of tea and a bit of a lie down.
However, should your condition worsen, you should immediately hire a DVD and take some Tylonal (it seems to be one of few drugs available that has been proven to help combat this unusual type of flu).
Others are reporting a McDonald's or a Full English Breakfast can also help in some cases. If not, then further application of the original liquid, in similar quantities to the original dose, has been shown to do the trick.
It's not the worst house you'll see but it does have the best looking price! Gas furnace & Central Air/04, Windows & Roof/ 97. 3 bedrooms, 1 new bathroom, with a whirlpool tub. TLC could result in a big payoff. Only $98,000.00 Call Susan Emo today for your personal showing!
EyeTinis are the perfect beginning to your Halloween Menu. You can have them with Gin if you like but Emo's Eating Emporium prefer Vodka with their eyeballs! For children, you can use 7up or Sprite too.
Materials:
1 radish, best if root is still attached
1 pimiento stuffed green olive
Vegetable peeler or small, sharp knife
Peel radish, leaving thin streaks of red skin on to represent blood vessels. Using the tip of the vegetable peeler or knife, carefully scoop out a small hole in each radish, roughly the size of an olive. Stuff a green olive, pimiento side out, in each hole. Freeze overnight if desired.
Make martinis or other drinks, using your favorite recipe. For children, 7up or Sprite works well. Pop a radish or two into each glass and watch the faces of your guests - priceless!
Floating Eyeballs make a great dessert. Of course, you have begun your meal with EyeTinis which have a different kind of eyeball in it. This dessert is wonderful especially if you like cheesecake :0) Would you like the recipe?
3 oz lemon gelatin 1 cup hot water 1/2 cup miniature marshmallows 1 cup pineapple juice 8 oz cream cheese
Dissolve lemon gelatin in 1 cup water, add marshmallows and stir to melt. Remove from heat. Add pineapple juice and cream cheese. Beat until well blended. Cool slightly.
If you have round ice cube trays, spary them with non-stick cooking spray first, then pour the mixture in the molds and leave to set in the fridge.
Otherwise pour into a deep dish and chill until thickened or firm enough to use a melonballer to scoop full balls of the mixture and set aside for decoration.
To decorate, use liquid food coloring and an artists paintbrush and get creative. You could use black food coloring for the pupils but I like the gel icing that comes in a little tube - makes the pupils shiny.
There is nothing worse than biting into a nice Finger of Pus and finding it limp and stale! But these delectable fingers still have that fresh crunch when you sink your teeth into them.
See receipe below:
What you'll need is slices of ham that you roll around crisp gerkins that you've sliced in half, lengthwise. You next spread cream cheese all over the outside of the ham. Cover the cream cheese with salsa from end to end and then roll in grated Parmesan. Cut black olives into the fingernail shape and press onto one end of the 'finger' and cover the other end in salsa, to look like a fresh chopped finger! Yum
Live like you are dying, the lyrics of this Tim McGraw song speaks volumes to many different people.
As I listened to what this song is advocating, It occurred to me many sellers should heed this lesson. They put a price on a property that they think "someday" it may sell for. If moving on with your life requires the sale of a property you own...there is not an infinite amount of time to accomplish this sale. Life is Short.
What got me thinking about this, is I have several short sales a bank owned sale and a probate property that are pending. With these sales the process to close will be longer (in some cases much longer) than the time it took to find a buyer. The price was right, the buyers where motivated and the sellers showed their willingness to sell, by pricing the property to sell.
List like the market is dying. Life is Short.
#1 If you are going to buy after this sale...the sooner you sell the sooner you are in the buyers shoes (you are merely trading equity...if you buy a replacement property).
#2 Moving on is far less painful than hanging on (how many months of mortgages, taxes, insurance utilities will be spend holding...after you admit you want to sell).
#3 You may be better off renting for a time (dropping the major maintenance costs and healing your credit may put you in a better place in the long run than draining your savings, while waiting to score on unrealistic re-sales).
My Bucket list doesn't include living in a home I can't afford...and waiting for someone to over pay me for the same privileges. Life is Short.
Steve Loynd, White Mountain New Hampshire real Estate Expert
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
The nuances of the neighborhood, knowledge of the comparable properties, current issues facing homeowners and buyers all come into play when setting a market value of a property. 
least three similar homes nearby that have sold within the last two to three months (these are your comparables). Also, plan on requesting current listings as some banks are actually looking at new listings for value since the markets tend to trend to the decline in value. This information is in county records (sometimes online now), or ask a real estate agent with access to the multiple listing service. Get the sales prices, terms of sale, description of the property, and other information.
Floating Eyeballs make a great dessert. Of course, you have begun your meal with EyeTinis which have a different kind of eyeball in it. This dessert is wonderful especially if you like cheesecake :0) Would you like the recipe?
Steve Loynd, White Mountain New Hampshire real Estate Expert
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