Selling your Poughkeepsie house in today's market

By
Real Estate Broker/Owner with JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 10491201242
https://activerain.com/droplet/v78

Selling your Poughkeepsie home in a today's market

With a mild winter it is a good time to list your Poughkeepsie home.  Sellers we are still dealing with a buyer's market. What is a buyers market? this typically occurs when there is high inventory and it takes more than a 8House plus months to clear. Seller I am going to be blunt, to get your home sold you will have to do much more than when sellers were in the driver's seat. Because of limited funds you might not want to fix certain problems before listing; that would be a mistake. It is my view, fixing problems prior to listing will result in a higher return.

  • Pay attention to Poughkeepsie market data this does give you a feel for what is happening in the market.
  • In this market you really need the assistance of a real estate agent. And when you hire one please listen to the agent's advice. I am sure you were probably used to a market analysis using data for the last 6 months. That is out the window- the period is now much shorter.
  • There is no room for overpricing your Poughkeepsie home. Even properties that seems to be priced right are staying on the market longer. Again, please listen to your agent because the buyer really doesn't care how much you think you need to net.
  • Be flexible, be prepared to negotiate even if you receive a low offer, and remember buyers are looking for bargains because they know there is plenty of inventory.
  • Make sure to provide good access. A lock-box is a good way of making the property accessible to other agents beside the listing agent.
  • Make sure you are honest with your agent as to why you need to sell
  • Take care of landscaping.
  • Make sure the house is cleaned and preferably staged.
  • If the home is not selling and the agents show you data to indicate a price reduction is needed, do it!
  • Have all documents pertaining to the property ready: deeds, survey, utility information for a whole year, warranties and manuals , record of service for heating system/ac. Also have information on when septic was pumped and any repairs and improvements.
  • If there is a shared driveway or road be ready to provide the maintenance agreement. If there is a HOA know what the fees are and what they include.
  • If you have a well you might want to be proactive and test to make sure you won't have an issue when an offer is made.
  • Make sure you have all approvals and Certificate of occupancy. Building inspectors have been known to have home owners remove decks, or rip out walls from rooms not having the proper approval.
  • How about your septic, was it approved for a 3 bedroom house but you now have a 4th bedroom and an additional bathroom? That could be a problem if your paperwork does not match the Board of Health documentation.
  • Do you have an older Poughkeepsie home? Is there presence of asbestos inside or on the exterior? How about lead, radon and mold? These environmental issues can be costly and maybe should be addressed ahead of time.
  • Is there evidence of a buried oil tank on the property? Cleanup of a leaking tank is the owner's responsibility not the government's.

I hope this list gave you some ideas as to how to get prepared to sell your Poughkeepsie home  in a competitive market

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Rainmaker
4,432,533
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Jennifer, Sellers looking to sell their home in Poughkeepsie should call you to list their home. You are the local expert. These are great tips.

Feb 24, 2012 07:50 PM #1
Rainmaker
878,258
Janis Borgueta
Key Properties of the Hudson Valley - Newburgh, NY
LIC RE Salesperson

Jennifer~ The sellers in Poughkeepsie NY should know just what to expect in their market. They need to choose a realtor that works full time and knows the area well. Good tips here for those that need to sell.

Feb 24, 2012 07:58 PM #2
Rainmaker
5,181,093
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Jennifer.... those in Poughkeepsie NY who are considering selling in 2012 would be wise to call Jennifer Fivelsdal to represent them and give them guidance with this task.... it's very important to select the right agent and you're the one in the RED HOOK NY area.

Feb 24, 2012 08:36 PM #3
Rainmaker
1,267,908
Al & Peggy Cunningham, Brokers
RE/MAX West Realty Inc., Brokerage - Brampton, ON
Our Family Wants To Help Your Family!

You are so right here Jennifer. Those repair items will cost a Seller big time if an offer comes in or worse it will cost them the sale altogether! Hopefullys sellers will listen to your advice and take action.

Feb 24, 2012 10:15 PM #4
Ambassador
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Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Gita thank you.  One of the goal is to provide consumer information that can lead to a faster sale and for more money.

Janis Thank you.   I hope many will find the tips useful.

Barbara Thank you.  I love helping sellers get their homes ready for sale, I think that is such an important step.

Al and Peggy some sellers might not not want to do a $500 repair which if neglected could cost the seller thousands of dollars in the end.  Thank you.

 

Feb 24, 2012 10:56 PM #5
Rainmaker
1,335,160
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Jennifer - Excellent advice, paying attention to what's going on in the market is key.

Feb 25, 2012 12:00 AM #6
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Jennifer these are excellent point.  Hopefully Sellers in your area will listen to your advice.

Feb 25, 2012 11:01 AM #7
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