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Nightmare on Elm Street - This is very Scary

By
Real Estate Broker/Owner with Homes By Cross, Inc.

Ever have one of those dreams where you keep falling and just before you reach the ground you wake-up ?Charlotte Scary Homes

Well, if you are selling your house in this market ...It's time to wake up !

Stop sleeping with the"Ghost of Values Past" 

The Nightmare on Elm Street will continue if you linger with an over-blown listing price.

If you want a second opinion,

(just as you would a doctor's),

order an appraisal on your home.

This reality based method of home valuation gives sellers a gauge on where they stand outside of a Market Analysis from the listing agent. A great agent will be very close to the valuation point, but it may be worth the piece of mind.

So if you have strapped on your parachute or bungee chord in hopes of a happy landing, make sure you get a great agent and don't skip on the appraisal before you list your house.

Better than a pill, this nightmare preventer is just what the doctor ordered.

 

 

Comments(23)

Craig Rutman
Helping people in transition - Cary, NC
Raleigh, Cary, Apex area Realtor

Getting an appraisal prior to listing a home is a great idea. I've even gone so far as to offer to pay for it at closing for sellers who don't want to list at the right price.

Oct 29, 2010 01:59 PM
Claude Cross
Homes By Cross, Inc. - Charlotte, NC
Charlotte NC Homes For Sale

Jane - My Jane gave me a good appraisal. I was fortunate (and a bit nervous until I got the news) ")

Oct 29, 2010 02:00 PM
Claude Cross
Homes By Cross, Inc. - Charlotte, NC
Charlotte NC Homes For Sale

Craig -Remember the line from Tom Cruise in Jerry Mcguire "We live in a cynical world...the mission statement" I think there is truth in that ...hence....

Good to see you at Rain Camp !

Oct 29, 2010 02:06 PM
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Featured in BananaTude

Oct 29, 2010 02:54 PM
Claude Cross
Homes By Cross, Inc. - Charlotte, NC
Charlotte NC Homes For Sale

Anna - Nothing like a good bananna. Potassium , minerals, and a good attitude. Thanks for the push. Happy Halloween !

Oct 29, 2010 03:19 PM
Karen Crowson
Coldwell Banker Residential Brokerage - Rancho Bernardo, CA
Your Agent for Change

Some friends of mine purchased a real fixer upper on Elm St.  They encountered so many problems along the way, that they affectionally refer to it as their 'Nightmare on Elm St."!

Oct 29, 2010 03:32 PM
Nevin Williams
Fairway Independent Mortgage Corporation - Cary, NC
Senior Mortgage Advisor

Claude I couldn't agree more!  When I actively bought and sold investment property I always paid for an appraisal and home inspection, corrected deficiencies before I listed my homes.  As a result they always sold fast and the list price was spot on.  What people don;t realize is that even if someone is willing to pay more for the home than what it will appraise for, the lender will never approve the loan.  So like it or not your home is worth what the appraiser says it's worth.  Unless a cash buyer who is willing to pay more than a home is worth (good luck with that one) and your home is over priced you are SOL.  This is why they need to hire a professional like yourself who knows what they are doing!

Oct 29, 2010 03:53 PM
Richard Weisser
Richard Weisser Realty - Newnan, GA
Richard Weisser Retired Real Estate Professional

Claude...

The market can be a bit frightening for the uninitiated. On a side note, one of my cats just knocked over an old Epiphone and broke it!

Oct 29, 2010 04:04 PM
Richard Weisser
Richard Weisser Realty - Newnan, GA
Richard Weisser Retired Real Estate Professional

Claude...

The market can be a bit frightening for the uninitiated. On a side note, one of my cats just knocked over an old Epiphone and broke it!

Oct 29, 2010 04:04 PM
Lee & Pamela St. Peter
Berkshire Hathaway HomeServices YSU Realty: (919) 645-2522 - Raleigh, NC
Making Connections to Success in Real Estate

Couldn't agree with you more Claude!  Great advice in any market but especially now with prices being all over the board.  Hope you have a great RE week-end!  More birthday celebrations??

Oct 30, 2010 12:46 AM
Claude Cross
Homes By Cross, Inc. - Charlotte, NC
Charlotte NC Homes For Sale

Nevin - Great to see you at Rain Camp ! Here's hoping we get a chance for another "cup of coffee" soon

Oct 30, 2010 02:51 AM
Claude Cross
Homes By Cross, Inc. - Charlotte, NC
Charlotte NC Homes For Sale

Karen - Ah Ha a true Nightmare on Elm St !

Oct 30, 2010 02:52 AM
Claude Cross
Homes By Cross, Inc. - Charlotte, NC
Charlotte NC Homes For Sale

Richard - No not the Epiphone! Time to growl at the cat

Oct 30, 2010 02:53 AM
Claude Cross
Homes By Cross, Inc. - Charlotte, NC
Charlotte NC Homes For Sale

Pamela - Great to see you at  Rain Camp ! I'm out to dinner with my wife tonight for a little low key celebration.

Oct 30, 2010 02:55 AM
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Bueno Claude!  I won't list homes that can't sell and an appraisal can help justify a price!  Sorry to have missed you at Raincamp - I really wanted to go to this one!

Oct 30, 2010 03:59 AM
Cynthia Larsen
Cotati, CA
Independent Broker In Sonoma County, CA

Claude - you bring up a great point, and Craig has the right idea of a possible rebate at COE. I really like the "second opinion" scenario. Great post.

Oct 30, 2010 06:16 AM
Michelle Francis
Tim Francis Realty LLC - Atlanta, GA
Realtor, Buckhead Atlanta Homes for Sale & Lease

Claude

Overpriced listings are TRULY frightening.  Love how you presented the topic in a Halloween theme.

All the best, Michelle

Oct 30, 2010 08:45 AM
Claude Cross
Homes By Cross, Inc. - Charlotte, NC
Charlotte NC Homes For Sale

Renee - Rain Camp was fun. Mercy, do our clients need help in this market. Glad you are a leader in LV. Charlotte is on the upswing (TG) Here's hoping the best to you and yours

Oct 30, 2010 11:02 AM
Claude Cross
Homes By Cross, Inc. - Charlotte, NC
Charlotte NC Homes For Sale

Cynthia - Craig always steals my thunder. RATS. But he is on page with his stealing ways. (we are friends ...until he reads this). Nothing beats removing any reason why a closing shouldn't close.

Oct 30, 2010 11:11 AM
Claude Cross
Homes By Cross, Inc. - Charlotte, NC
Charlotte NC Homes For Sale

Michelle - Great Pic ! I am back in AR full swing. SCARY is an understatement

Oct 30, 2010 11:20 AM