Peeking Into The Why Or Why Not Of Getting Top Dollar For Your Home

By
Real Estate Agent with Keller Williams Realty 0575737

Peek CatREALTORS hold those magical keys to that MLS software that just tells everything about homes on the market. But their experience also tells the minuses and the pluses why your home can't or can fetch top dollar.

MINUSES

  • Near power lines, cell towers, water towers
  • Poor curb appeal
  • Highly sloped yard
  • Wild interior paint
  • Bad floor plan
  • Heavy traffic nearby
  • Eyesore commercial property viewable
  • Excess noise
  • Busy highway close
  • Above average crime
  • Low ranking school district
  • Odors present
  • Clutter
  • Master up, in some cases
  • Corner, in some cases
  • No garage
  • Poor Maintenance
  • Overpriced

PLUSES

  • Near body of water
  • Golf course lot
  • Good school district
  • Move in ready
  • Clean
  • Well maintained
  • Wooded lot (in Texas)
  • Properly staged
  • Appliances included
  • Wood floors
  • Cul-de-sac lot
  • Staged properly
  • New construction
  • Priced at or below market

These give you an inkling in pricing your home appropriately. A good REALTOR can help you with this determination and look at you own particular situation.

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Gabe Sanders 01/26/2010 10:14 PM
Topic:
ActiveRain Community
Location:
Texas Denton County Flower Mound
Groups:
Realtors®
Keller Williams 'Rainers
Appraisers
Dedicated Bloggers
Diary of a Realtor
Tags:
home appraisal pricing

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Ambassador
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Suzanne McLaughlin
Sabinske & Associates, Inc. (Albertville, St. Michael) - Saint Michael, MN
Sabinske & Associates, Realtor

Here, kitty, kitty, kitty.  I almost couldn't read for love of the puss.  But, yes, you are so correct again, as usual.  I try (delicately) to put those points across to sellers.  Since I do price opinions for banks, that is criteria we use on a consistent basis, as well as some additional points so I make the seller (and potential buyer that I might work with) aware of these positives and negatives.  Great post!!!!! 

Jan 26, 2010 01:06 PM #10
Rainmaker
484,402
Trey Thurmond
BCR Realtors - College Station, TX
College Station , Texas Homes

Gary

 You have really clear vision when it comes to these kinds of issues. Life really is this simple if we only open our eyes.

Jan 26, 2010 03:39 PM #11
Rainmaker
1,047,834
Fred Carver Personal Real Estate Corporation
RE/MAX Camosun Victoria BC Real Estate - Victoria, BC
Accredited Real Estate Consultant

Hi Gary Great List..Overpriced should be at the Top on Bold Print :O))

Jan 26, 2010 03:39 PM #12
Rainmaker
343,886
Don Wixom
RE/MAX Executives Nampa, ID - Nampa, ID
"Looking out for your next move..."tm

Nice overview, Gary! Your posts are always pleasant to read & full of good info!

Jan 26, 2010 03:43 PM #13
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The Somers Team
The Somers Team at RE/MAX Access - Philadelphia, PA
Real People. Real Dreams. Real Estate.

Gary - Great list of pluses and minues !  There are so many intangibles that go into pricing a home as well as what the home will eventually sell for !

Jan 26, 2010 09:12 PM #14
Rainmaker
4,797,528
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Gary, great list.  If I may add some to the minuses, Haven't made the least effort to clean or de-smell your home and making it look like you really don't want to sell or move out.

Jan 26, 2010 10:13 PM #15
Rainmaker
3,833,329
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Hi Gary,

This is a good concise overview that all sellers need to address. The bank of knowledge most Realtors possess can be endless which you have proven..good job!

Jan 26, 2010 10:54 PM #16
Rainmaker
558,018
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Gary...i confess...i didn't even read this blog...i just stared at the cute kittie...Cherise

Jan 27, 2010 12:09 AM #17
Rainer
75,895
Marlene Pellegrini
Norwich, CT

Love the kitty, Gary!  This is such a down to earth post full of good tips.

Jan 27, 2010 04:00 AM #18
Rainmaker
732,653
Eileen Hsu
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

Manhattan New York Real Estate pluses would be: Unobstructed views and closet spaces! Maybe even washer and dryer in the condo unit! What a different world we live in!

Jan 27, 2010 05:23 AM #19
Rainmaker
472,275
Janice Roosevelt
Keller Williams Brandywine Valley - West Chester, PA
OICP ABR, ePRO,Ecobroker

The kitten is so darn cute it was almost impossible to scan through that great list.

Jan 27, 2010 06:30 AM #20
Rainmaker
218,087
Joan Mirantz
Homequest Real Estate - Concord, NH
Realtor, GRI, CBR, SRES - Concord New Hampshire

Great points Gary...I can use those!

Jan 27, 2010 06:43 AM #21
Rainmaker
234,580
Patricia Beck
RE/MAX Properties, Inc., GRI, CDPE - Colorado Springs, CO
Colorado Springs Realty

I love the photo you used for this post!  Great list of pluses and minuses.  Although some things cannot be changed, many  of the minues can be removed in most homes with a little bit of work!

Jan 27, 2010 09:57 AM #22
Rainer
76,589
Sabrina Kelley
ERA Herman Group Real Estate - Woodland Park, CO
Woodland Park Colorado Mountain Homes and Land

When a listing or selling agent really knows the area well then they are able to offer their clients the best service.

Jan 27, 2010 01:29 PM #23
Rainer
66,362
Guy Thomas
WR Starkey Mortgage - Colorado Springs, CO

Your photos are up there with Richard Weisser's. Good blog on the realities of a properties' real value and what makes each one of them tick.

Jan 27, 2010 04:25 PM #24
Rainmaker
4,432,267
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Gary, Thanks for the post. Most of the pluses and minuses are the same for most buyers but there are a few that vary eg.I had a listings on golf course that was difficult to sell becasue people were afraid they would be hit by golf balls.

Jan 27, 2010 08:58 PM #25
Rainmaker
325,871
Esko Kiuru
Bethesda, MD

Gary,

Overpriced jumps out right away, especially for those living in the hard-hit areas like here in Vegas. Many sellers here just won't believe where home values now are.

Jan 30, 2010 03:41 PM #26
Rainmaker
271,023
Cathy Lee
CL Design Services Home Staging - Danville, CA
ASP, IAHSP, RESA Danville, CA

Forget the list, I want the kitty so badly. She is adorable!

Jan 31, 2010 03:29 PM #27
Rainmaker
314,256
Carol Culkin
Reece & Nichols - Leawood, KS
Overland Park

Gary - Adjustments in real estate always need to be factored.  No two houses are alike.

Feb 01, 2010 03:59 PM #28
Rainmaker
1,077,469
Sharon Lee
Sharon Lee's Virtual Assistance - Jonesborough, TN
Retired and loving life

Hi Gary-Great list but the kitty takes the prize. <SMILE>

Feb 05, 2010 08:19 PM #29
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Gary Woltal

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