2007-03-16 17:12:23 · 22 answers · asked by Patty H 1 in Home & Garden ➔ Do It Yourself (DIY)
If you could find a buyer, go for it. No reason why not.
2007-03-16 17:20:33 · answer #1 · answered by Shaula 7 · 2⤊ 0⤋
Get a professional appraiser to do an appraisal, then reality will settle in... we are in a down market and the big "mac Mansions" are so out of fashion now, everyone is downsizing to conserve. It does take time to figure out that you only sleep in one bed at a time, use one bathroom at a time and that in a huge house, you are paying taxes, electric, cleaning and maintenance on more than 75% of the place that you never use.... and just who are you impressing? Nobody thinks that it is cool to have huge houses, huge cars, big diamonds and abundance of things when parts of the world are dying because they have nothing and thirty five cents could feed them for a week... amazing? Just heard about this? I guess that is never on MTV or the other "cool" channels...
The big corporations want you to spend all your money on crap they are going to say is "out of fashion" next year, that cool car? loses 25% of the value in the first year, the clothes, they change as fast as the seasons and people spend hundreds of dollars because they think they will be cool, well, it is all called "marketing" and most people are figuring it out that you can buy a huge trashbag full of clothes at other stores for what you pay for one thing at the "designer" stores... I would rather not wear prada or gucci and have money to help others in countries where they have nothing and live a much happier life than Americans do. We are so hounded by the media, marketers, magazines, infomercials and TV commercials it is stupid.
Why not make up your own mind and stop listening to E or Hollywood reporter and stop caring what they are trying to shove down your throat. And lastly who, who in the world would pay more than what a house is worth? That is just stupid. Nobody will pay more than what the market says the house is worth, it wont make it though the appraisal, underwriting, funding or closing... so get a clue....and I bet you dont have a two point five thousand dollar house. or million... just another bored person trying to impress a group of strangers with a really stupid question.
2007-03-16 17:29:06 · answer #2 · answered by bud88cynthia 3 · 0⤊ 0⤋
If you owned a 2.5 million dollar house, you wouldn't be bothering to come here asking us peons for advice. Ask Michael Jackson what he thinks you should do with it. -On second thought, forget him. He's gone broke anyway. Why not just donate the whole thing to the Katrina victims, and you can take a tax deduction on it too? Living in your .5 million dollar motor home should be a refreshing change.
2007-03-16 18:59:10 · answer #3 · answered by BuddyL 5 · 1⤊ 0⤋
First of all, you always have to have a buyer. That will take time. 1% can afford to buy it! Be pepared for a long time on listing it. Plus, if it's mortgaged, is there a prepayment penalty, if you have the house less than 2 years you might have to declare capital gains on the profits (best advice, get a tax specialist to answer these questions). Very important, wouldn't advise you to do anything til then.
2007-03-16 19:56:05 · answer #4 · answered by Eileen M 1 · 0⤊ 0⤋
First of all, realtors don't do appraisals. They do estimates, and they are influenced by the dollar signs they are seeing in commissions, so they are unreliable.
Secondly, you don't own a 2.5 million dollar house. If you did, you wouldn't be asking that stupid question on here. You obviously aren't bright enough to earn that kind of money yourself, and if you inherited it, your benefactors would have attorneys in place that you could consult, rather than asking a bunch of dimwits on YooHoo Answers.
2007-03-16 17:24:57 · answer #5 · answered by normobrian 6 · 3⤊ 0⤋
How the hell do you have a $2.5m house and ask such a dumb question? You should be smarter than that! You can sell it for what it appraises at. You need a Realtor to help, they can put you in a price range. Besides, you cannot sell it by owner if you are not bright.
2007-03-18 07:49:39 · answer #6 · answered by chip b 2 · 1⤊ 0⤋
In reality it is worth only what people will pay for it. If that is more than you had in mind, no problem. It might indicate the buyers are more savvy or more desperate than you. Take whatever you can get. Don't forget the agent's commission so whatever ends up in your hands will be reduced by 7% anyway.
2007-03-16 17:17:51 · answer #7 · answered by Rich Z 7 · 1⤊ 0⤋
You'r s----ing us right? Anyone that can afford a 2.5 million dollar house dosen't need financial advise, especially from strangers.
2007-03-17 22:11:34 · answer #8 · answered by mountainriley 6 · 1⤊ 0⤋
Yeah, you should sell it for more than its worth if you can.
With such a question, I can only assume that you inherited this house rather than earned it, since it seems as if you have no idea about the markets of personal finance.
2007-03-16 17:21:09 · answer #9 · answered by Anonymous · 1⤊ 0⤋
Yes, try to get a few more dollars than the appraiser quotes. People are going to make you an offer and you have to decide if you wannt to accept it or not. I bet it is a beautiful place.
2007-03-16 17:18:50 · answer #10 · answered by Anonymous · 0⤊ 0⤋
Ask a realty agent for some advice. They may charge a fee, but they'll appriase it and can tell you how much they think it will sell for. Then its up to you if you want to price it lower or higher than they recommend.
2007-03-16 17:16:10 · answer #11 · answered by ejc_360 2 · 0⤊ 0⤋