2006-08-28 14:50:46 · 11 answers · asked by miss jones 1 in Business & Finance ➔ Renting & Real Estate
Most markets are in the tank right now. If you can stay there, or afford the mortgage on whatever rent you can get, that's probably a better option.
If you need to sell, talk to several agents and be brutally frank and force them to be frank with you. Before you pick one that gives you the highest list price, ask them if they'll put it in the listing contract that they will release you if they suggest a price drop.
Here locally, there are about 38 sellers for every buyer. But until I can coax some buyers off the sidelines, it's a rotten time to sell. Those buyers who come off the sidelines first are going to do spectacularly well, of course!
2006-08-28 17:49:17 · answer #1 · answered by Searchlight Crusade 5 · 0⤊ 0⤋
Where do you live? In most areas of the country right now the market is slumping and prices have fallen. Depending on a new appraisal and how much equity you have in the house, you may not be able to sell it. If you do sell it at a profit don't forget you will have to pay capital gains taxes on the profit. You will owe this tax since you have lived in the house for less then two years.
Your best move is to call several realtors and have them do a market analysis on your home to see what you can reasonably expect to get. Also make certain that they give you a "Net Proceeds Sheet". This will tell you what your bottom line will be after all expenses are paid. If done right, it should be accurate within a few hundred dollars.
I hope you found this information useful.
Please check out my website at www.flwaterhomes.com if you should have any further questions.
Jim Reske, Realtor
ERA Advantage Realty, Inc
Port Charlotte, FL
2006-08-28 23:10:14 · answer #2 · answered by Realtor Jim 2 · 0⤊ 0⤋
I would suggest listing it with a Realtor but also suggest that if you have any doubts as to whether a Realtor is worth it then go ahead and attempt to sell your property by owner. If it sells then great. If not then you at least tried and now know the kind of effort that it takes.
There are also books on how to offer the property for auction. Also worth trying. Statistically, agents sell "descent" properties for 10-15% more than FSBO would realize. It will always be difficult to sell "problem" properties. All to often the Realtor gets blamed for the lack of interest. I do fault the Realtor for not addressing the issues beforehand or if it is a problem property then just passing on the listing.
2006-08-28 22:12:00 · answer #3 · answered by Sam B 4 · 0⤊ 0⤋
First of all get an accountant to explain to you what capital gains are since you won't qualify for the tax exemption. Second get a realtor to give you a market analysis of your property values. Third have that realtor show you what you will net under different sales scenarios. Fourth make a decision. Fifth bury a saint upside down in your front yard
2006-08-28 22:26:54 · answer #4 · answered by newmexicorealestateforms 6 · 0⤊ 0⤋
There are a few things you need to do.
First, check with your CPA - you may qualify for a partial tax exemption. There are three reasons you MAY qualify - change in jobs of over 50 miles; change in medical condition; or unforseen circumstances (which hasn't been fully defined yet). Your CPA will know more.
Secondly, if you want to bury a saint in your yard, it's Saint Joseph. To see more on this, check this site: http://www.luckymojo.com/saintjoseph.html Believe it or not, it works for me.
Best of luck!
2006-08-29 00:45:29 · answer #5 · answered by trblmkr30 4 · 0⤊ 0⤋
Find a good real estate agent. I'd go to http://www.idxbroker.com/news/256_IDX,_Inc._Introduces.php
just click on your state and you can check out local agents before you contact anyone. Check out the "featured" agents first. They're fabulous. If none of them cover your area, the others are lovely as well. Good luck!
2006-08-30 19:48:42 · answer #6 · answered by bigmary2 4 · 0⤊ 0⤋
Miss Jones,
Contact three local real estate agents for their advice and steps you should take. As a general rule, whenever you are dealing with financial assets, its best to discuss your situation with a financial planner/accountant.
2006-08-29 04:11:27 · answer #7 · answered by ? 3 · 0⤊ 0⤋
this should help good luck
http://www.nohasslebargains.com/loan/real_estate_services.html
Real Estate Services
Financial Services
2006-08-29 17:53:10 · answer #8 · answered by Anonymous · 0⤊ 0⤋
read tips on real estate and more that will help you on this site
2006-08-28 22:24:19 · answer #9 · answered by Anonymous · 0⤊ 0⤋
well how many bedrooms,baths,basement[finished,unfinished],yard[size[small,large,fenced,unfenced]what] garage[1 car,2 car,3 car,4 car]
2006-08-28 21:58:10 · answer #10 · answered by Anonymous · 0⤊ 0⤋