tag:blogger.com,1999:blog-88480915120620490412012-02-16T20:04:01.693-08:00Associate Broker,ABR,SRES,CREO,Realtor HR-HERITAGE REALTY, INC.Judy Land, ABR,SRES,CREO,ASSOCIATE BROKER,REALTORhttp://www.blogger.com/profile/11314961845465574727noreply@blogger.comBlogger21100tag:blogger.com,1999:blog-8848091512062049041.post-50454947128579511982011-09-24T15:58:00.000-07:002011-09-24T16:18:13.434-07:00I get a wrenching feeling in the pit of my stomach every time I go on a listing appointment for a potential resale! Always well prepared with a detailed market analysis, it pains me to explain the loss most sellers will experience. Even worse, none of us can look into our crystal ball and tell you how much longer this market will last! But, an educated guess tells me several years into the future. So, the seller has to decide if they want to take that painful loss now and move on with their lives, or wait it out. Having been a nurse for 30 years I have the perspective of "LIFE IS TO SHORT" to place it on hold for your property! Sometimes, it's better to take the loss and move on. NO, it really isn't something you want to do, but consider the consequences before you place it the market.<br /><br />LOCATION, LOCATION, LOCATION! PRICING, PRICING, PRICING! You can't change the location of a property, but you do have control of the pricing. DO NOT EVER PRICE "UP" THINKING IT WILL GIVE YOU MORE NEGOTIATING ROOM! IT WON'T, AND YOUR PROPERTY WON'T SHOW! Instead, price it competitively, according to what the market will bare at the time of the listing. Factor in at least 2% concession to buyer's closing costs! This is no magic bullet or guarantee, but it gives you an edge over competing properties.<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/8848091512062049041-5045494712857951198?l=judylandsells.blogspot.com' alt='' /></div>Judy Land, ABR,SRES,CREO,ASSOCIATE BROKER,REALTORhttp://www.blogger.com/profile/11314961845465574727noreply@blogger.com0tag:blogger.com,1999:blog-8848091512062049041.post-9778581978070936492011-09-24T15:45:00.000-07:002011-09-24T15:58:10.163-07:00I have seen so many buyers pass on a foreclosure over the past 2 years because of work needed that made the property ineligible for financing: OR SO THEY THOUGHT!<br /><br />LOCATION, LOCATION, LOCATION is always going to be the controlling factor of the value of real estate. Having said that, if you find that perfect location, but it needs some repairs, consider an FHA 203B Loan. If the property needs rehabilitation, consider an FHA 203K Loan. These are both viable options for not letting that "PERFECT PROPERTY" slip through your hands.<br /><br />For more information on both of these loan products, go to my website: www.jlandsells.com and find the link that matches your mortgage product need.<br />Or better yet, call me at 770-833-1950.<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/8848091512062049041-977858197807093649?l=judylandsells.blogspot.com' alt='' /></div>Judy Land, ABR,SRES,CREO,ASSOCIATE BROKER,REALTORhttp://www.blogger.com/profile/11314961845465574727noreply@blogger.com0