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Asking price is way different from actual selling price.


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trixiezzz
PostPosted: Sat Feb 12, 2005 5:35 am Post subject: Asking price is way different from actual selling price. Reply with quote

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Before you list your house, you need to find out what the houses around you are ACTUALLY selling for. Most realtors will give you a list of what houses in your neighborhood have already sold for. This helps keep you from overpricing your house and having it sit empty for a long time.
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JoiseyFamily
PostPosted: Sat Feb 19, 2005 11:20 am Post subject: Reply with quote

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Yes, but you need to have some wiggle room, and to consider what upgrades your house might have had that theirs did not. There are lots to take into condsideration. Most realtors just want your listing and will tell you want you want to hear.
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paula0000
PostPosted: Sat Feb 19, 2005 3:02 pm Post subject: History of houses in the neighbourhood... Reply with quote

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That's a great way to start researching for an aking price. Also consider the renovations and upgrades. Some big investments in your home you may never recoup- pools are not great moneymakers but you usually do well with a kitchen/bath remodel.
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mrsboz
PostPosted: Sat Feb 19, 2005 4:27 pm Post subject: Reply with quote

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You also have to be careful of what realtors try to sell your house at. You don't have to agree with them. Our first guy kept telling us to post it at a certain rate when I knew several right around us sold for a lot more. Sometimes they just want an easy sale. You also have to know what you are talking about.
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lmountford
PostPosted: Sun Feb 20, 2005 4:09 am Post subject: Reply with quote

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I'm from the UK where we call realtors estate agents. They are frequently regarded with suspicion by the general public . Friends of mine have indicated that the estate agent over priced their house so as to get the business and they were left with it until the market had risen sufficiently to make the price correct. However a reltive whi is an estate agent says that seems iunlikey because if the house doesnt sell the agent gets nothing.
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JoiseyFamily
PostPosted: Sun Feb 20, 2005 1:47 pm Post subject: Reply with quote

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When you want to sell your house, you need to go to more than one realtor. Go to all of them if you need to, and see what they have to say. Let them all do a house evaluation for you and tell you what your house is worth. You have nothing to lose. Shop around for the best deal, and the agent that you like the best.
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kimber
PostPosted: Tue Feb 22, 2005 5:35 am Post subject: Reply with quote

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Your area does sell for a certain price which the realestate agent will tell you. But you also have to consider the size of the house and new windows furnace etc.
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wallace6
PostPosted: Sat Mar 12, 2005 10:38 am Post subject: Asking price Reply with quote

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I agree that Realtors often use a price that they think would appeal to you in order to get the listing. This happened to us. The realtor had the property so overpriced very few people even looked at it.
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jeepgirl30
PostPosted: Sun Mar 13, 2005 3:04 pm Post subject: Reply with quote

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you can go on realtor.com and get ideas of other houses similar to your own. Have a general idea of what you want and need before contact an agent.
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bigdave
PostPosted: Mon Mar 14, 2005 4:20 pm Post subject: Reply with quote

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most homes will list fro 5 to 10% more than what they will sell for in the average market.
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foxnstocks
PostPosted: Mon Mar 21, 2005 5:03 am Post subject: Reply with quote

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Another way to gauge your comparables is to visit your local courthouse and view the tax assessments for local houses that recently sold. It will usually tell you the number of bedrooms, baths, sq. footage, etc. Also, houses in our area are selling for above the list price as listings are fewer than number of buyers. You also need to have an idea of the market.
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trixiezzz
PostPosted: Fri Apr 01, 2005 11:39 am Post subject: Reply with quote

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There are some internet websites that offer a historical chart of what houses sold for.I think it's by zip code.
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bbehr
PostPosted: Mon Sep 19, 2005 7:30 am Post subject: Reply with quote

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When you are shopping for a realtor talk to your friends and family, find out who they used how there experience was, almost all of my father's business comes from referalls. Having worked for him for the past 3 years during college as a licensed agent, there is no way you can stay in the business long and be succesful if you don't treat your clients well. That means pricing the home appropriately and discussing in detail why. And just a note on discount brokers you get what you pay for..
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