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Has anyone tried to sell their House???

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  • Has anyone tried to sell their House???

    We moved and down sized but we can NOT get any realitors to sell out house. I have talked to 14 realitors so far and I get the same story from all of them. The house MUST be completely repainted, all carpet and vinyl replaced, all brass door know replaced with the IN THING brushed nickle. All water faucets must be replaced with brushed nickle. Kitchen counter tops must be replaced with granit. All ceiling fixtures must be replaced with the most popular style. And get this.......My 24'x30' workshop with an upstair has NO value. All the realitors claim 99% of the buyers are not looking for a workshop so the $20,000. workshop does not add value to the house. Realitors value the 3500 sq ft house at $87 to $91 dollars per sq foot so the sale price is based totally on the square footage of the house this is just about exactly $20,000. below the apraised value. Realitors claim the market is low so the house will sell at about 80% of its apraised value. Another thing realitors all insist they do not want to show the house more than 2 or 3 times to sell it and if someone offers $200,000. for the house they have the right to sell it at that price. Several realitors said, we do not want to show this house 30 or 40 times we have other houses to sell if it won't sell after showing it 2 or 3 times we are not interested in selling it we are wasting our time. All 14 realitors have refused to list the house for sale until we spend $30,000. for the improvements that they want. The house must look like it was built brand new yesterday other wise the realitors refuse to list it for sale. So we must spend $30,000. to list a $335,000. house for $250,000. and the realitor has the right to sell it for $200,000. if they want. One realitor claimed he didn't think the house would sell for more than $160,000. I think they are all a bunch of lazy crooks not wanting to waste time showing the house more than 2 or 3 times then they want it sold at what ever price they are offered.

  • #2
    For Sale by Owner.
    Free software for calculating bolt circles and similar: Click Here

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    • #3
      youre on the net .use it

      sell your house

      make a free google site.

      all the best.markj

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      • #4
        Builders, big and small are still putting up new homes. Who wants an old one with an aging infrastructure? Does your house have a master suite with its own bath and whirlpool tub? Separate tub and stall shower? Walk in closets in every room? Central vacuum system, muti-zone heating and cooling, all rooms wired with cat6 cable and fiber? Modern gourmet kitchen? Sub-zero fridge?
        A large shop which most all of us on the board covet is of no value to a upper middle class white collar couple with two or more kids. They want a house in move in condition and will to wait and spend what it takes to buy that first trophy house. All the typical white collar executive wants to do is: work (ten or more hours a day); come home, eat dinner, watch TV, sleep; on weekends, have a service cut the lawn and do the minor repairs; enjoy his limited free time dining out; playing golf; etc.

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        • #5
          Yes,my $200,000 workshop won't be worth anything either,unless I could find a buyer who wanted such a building. That's the way it is. But,I'm never moving again.

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          • #6
            Going through selling my home here at the moment too. My $276K home is now worth around $185. But the whole entire market is down. Those are the breaks I guess. Painted the rooms and fixed what needed fixing but that's it. I have no problems getting it listed. What major real estate firms did you try to have it listed with that refused you?? Prudential, Re-Max, Weichert, Keller Williams and more all would love to list mine. This not wanting to list a home is unheard of around here unless your asking price is beyond what the market will bring and they don't want to waste their time showing homes that wont sell either. Sell it yourself if need be. There are many tools ans web sites to help with that. Most all home sales these days are in some form generated from internet exposure.

            The only thing that stops the sale on a home is ... the price typically. I live in a township where foreclosures are very high and now I have to deal with realtors doing a comparative analysis of my home against homes that are bigger, better in many respects, larger in land size and yet they are listed in foreclosure or short sale status because there is nothing else to compare too. Makes it rather hard to sell a home like that. The only thing going for me is my mortgage is up to date and you need not haggle with a bank for at least 3 months just to see if the deal is good or it fell through... That one point is what makes realtors want to list my home.
            Last edited by Metalmelter; 10-04-2011, 02:40 PM.
            "To invent you need a good imagination and a pile of junk" Thomas Edison

            Better to have tools you don't need than to need tools you don't have

            73's KB3BFR

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            • #7
              If the shop could be easily converted into a multi-vehicle car stable for the future owner's SUV fleet, complete with gleaming epoxy coated floor, storage on the walls, dazzling ceiling lighting, climate control and mother-in law apartment upstairs, it might actually add value.
              Last edited by Rosco-P; 10-04-2011, 02:27 PM.

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              • #8
                Tell the realators to take a hike............. Sell it your self. I never heard of such a thing.............. you have to practically remodel the house before they list it. Around here houses are listed as is........... if the seller so chooses to make some improvments before putting it up for sale...... fine, it might help, it might not. But I've never heard of a realator telling a seller that he HAS to make all these repairs before they will list it. People do like to buy fixeruppers you know or make modifications to suite thier taste.

                JL................

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                • #9
                  Funny you bring this up. My wife and I are currently looking at homes to buy. And frankly, we are not interested in any houses that needs updating or work. There are plenty of homes that are in very good to excellent condition on the inside and outside.

                  Before we go looking at a house, I pull up county auditor and recorder info. There I can learn who bought what, when and for how much, and how much they did loans for and to who. In my area, plenty of homes that have extensive updates are selling for what they did 7-10yrs ago. Its like the current owners did the update just to maintain the value of when they bought that house.

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                  • #10
                    Your the seller, Therefore your a customer of these realitors who have the licence to sell your home, So logicly their offering a service to the customer. THEY don't dictate terms to you, YOU tell them what the deal is. The free enterprise system has gotten slightly skewed by people allowing companys to tell the customers how they will and won't work for the business those customers provide. I'll use the term "Tell em to pound salt" here. But if a realitor told me that in person I'd use another long string of words. So yeah, "For sale by owner" and cut those money grubbing fools out of the deal completly. If you did everything they wanted, Then why would you need them at all?

                    Pete

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                    • #11
                      We sold our house privately for more than the real estate agent estimated it would bring.

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                      • #12
                        If I was selling mine at the moment I'd be in the same boat as many, decent shop, three phase piped air etc [ and one compressor could stay ] but the trade do not put any emphasis on these things, in fact they call them negatives.

                        Personally I'd advertise mine privately in some of the classic bike and car mags, they are the people who are looking for a shop first, house second.
                        .

                        Sir John , Earl of Bligeport & Sudspumpwater. MBE [ Motor Bike Engineer ] Nottingham England.



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                        • #13
                          I talked to a realtor lately too about selling my old house. He recommended I replace the roof - the whole roof - framing, sheeting and all. Do you believe that ! ? Of course that may be because it has been warped 10 or so inches at the middle. It's not moving and has been that way ever since I bought it 25 years ago, but anyways...

                          So I'll probably do that but before I do I'm going to put it on the market myself. It's a really small place and won't fetch a lot anyway, so some young med student or the like just starting out may want to get into something stable and with a few faults as cheap as possible and fix it themselves in the future rather than have me choose what I think I want to do to it. My decisions will weigh heavier on cost than someone who will be living there, so I will not opt for anything nicer than necessary while the next owner/occupant might have paid a bit more for something better.

                          And that gets to the topic.

                          First of all, realtors work on percentage, so the highest selling price possible nets them more income. And if it's outfitted with the latest style stuff it will take less effort for them to sell it. So yea, there is an element of lazy going on there. So what you need to do is tell them A) You won't be making improvements to the house unless it's just something small and simple that an outside eye might catch that you have just passed over a hundred times and not noticed. B) You wish to sell it for X-amount but will settle for X-minus-x amount if that's what it takes. If it doesn't sell by date X then you can re-figure the asking price at that time. C) If those conditions aren't acceptable by them, then you won't waste each others' time by speaking further and go away. Some realtors are willing to work harder than others and if your conditions are reasonable, there will be one willing to do business with you. If twenty in a row walk away, then your expectations may be unrealistic to the reality of the market, in which case you should be able to tour houses in your locality and see for yourself what kind of prices are happening these days.

                          At any rate, spending 30-grand on your house if it's already in decent shape is not a good idea in my opinion. No matter what, most buyers find something if not several things about a new house that they wish to change just because they have different taste. Some of those changes might make it look more like it did before you spent your own time and money to "update" it. Let them purchase it for a little less and decorate the thing to be exactly what they want on their own time and dime rather than let a realtor convince you to make casino guesses.

                          $.02

                          Good luck.

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                          • #14
                            Commission.

                            Originally posted by tyrone shewlaces
                            First of all, realtors work on percentage, so the highest selling price possible nets them more income.
                            And that, is why they want you to spend $30K of your own money to increase the sales price by maybe $10K, because to you its a financial disaster, but to them its profit.

                            FSBO for sale by owner.

                            Note we are in both a short term decline and a long term decline era, so don't chase the market down.. get out ASAP.

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                            • #15
                              Having been a real estate appraiser for a little while I can tell you finished basements, extra large garages-workshops, and swimming pools do not add to the value of your house. Oftentimes they degrade the value. Everything below grade isn't considered living space no matter how well its appointed. Your house is appraised on living space.
                              Things like insulated windows, new roofs, new cabinets and countertops, new batroom fixures and tile, central air, central heat, watersoftener, all add to the value.

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