 If your neighbor had a garage sale and you recognized a valuable antique for sale,? |
| that your neighbor was selling for only a few dollars, apparently not aware of it's true value, would you tell your neighbor, or would you just quietly buy it and cash in on the item yourself?... |
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 Would you buy a house whose owner was hated locally? |
| There's a house for sale I've seen which is a bargain price, but on looking round the outside, it's had eggs thrown at the windows, a window is boarded up and it's obviously empty.... |
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 I am planning to buy a house.? |
| What is the right thing to do ? should I pay 20% down payment or maximum amount whatever I have ?... |
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 Question about pets in apartments? |
What if my apartment was robbed and I had a dog?
What would happen to the dog if the robbers got in? Would it be hurt? Do robbers normally hurt the dog? I'm afriad to get one in an ... |
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 To home inspect or not - that is the question? |
| So this morning my husband tells me that if our new mortgage company doesn't require us to have a home inspection on the home we're purchasing, he doesn't want to waste the money on a ... |
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 Should my landlord pay for boiler repairs? |
| The boiler keeps switching itself off after a few hours which almost always means it stops working in the middle of the night and it's cold when I wake up. Tried to get the landlord to fix it ... |
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 Can't afford the house mortgage, can the house be given back to the bank? |
| My parents have a 1st and 2nd mortgage on their house. They are getting older and cannot take care of or afford the house. The house needs a lot of work. Is their away to give up the house without ... |
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 Advice - horrible ex owner!!? |
| We have purchased a house (the sale completes and its ours today!!!!!) the previous owner came across to see us last night and said that he wanted to "rent" the garage at the bottom of the ... |
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 I have used a piece of land, which no one for 11 years, now someone is saying they own it, can I claim it.? |
| the land is 49 ft x 150 ft, it forms part of my land. The so called owner asked me 11 years ago did I wish to buy the land, I asked him to show me proof of his ownership, then I would talk to him ... |
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 How do I legally get a family members out of my house? |
| My daughter and granddaughter live at my residence and have for over a year. I spend most of my time in California. My daughter seems to think that it is her home and she can do or say what gets ... |
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 My husband and I have been approved for 100% financing to buy an new house. We don't have any money for the |
| closing costs. This is both of our first time buying a house so I'm just a little confused. What is the closing cost for? How can I get money to pay that? How much does it usually cost? Sorry if ... |
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 How much is your rent ? |
How much is your rent a month ? i'm paying £204 for a 2 bedflat, which isnt in the nicest of area's ! Would you say thats reasonable or not ????
Additional Details
forgot to ... |
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 Why do some Landlord treat their tenants like crap? |
| They see their houses as investments and are just greedy. They charge £600 per month for something the council would let for £274. They don't care that the people who live in them need that ... |
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 Can I back out of a contact on buying a property? |
| I have signed a contract with the seller and have given a thousand dollars to the title company. Everything is going well and we're ready to close in a month. I just found out however that a ... |
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 We signed on a house 3 weeks ago and we are having serious buyers remorse? |
| is there any way we can legally get out of this house purchase? This trasaction has physically ruined me-im suffering from Depression because of this stupid idea that we could afford to own. We ... |
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 How the crap can anyone afford these new $250,000.00 homes and have an average job? |
| During the past 3 years,I have looked at several dozens homes for sale (probably over a 100) and a lot of these homes I consider "Used Homes" (just like a used car), but people are buying ... |
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| Suggestions to promote fast sale of house? |
| We are trying sale a house in Neosho Missouri and relocate to Arkansas. I already have a job and am in Arkansas, but my husband isn't. Its not a fancy house, but it is a nice house with a lot ... |
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Darushka | Why won't my house sell? |
We have owned our home for 6 years and have put in over $150K into the house in improvements. There is a brand new 2nd story addition, new windows, new siding, new roof, new deck, new driveway, and a new kitchen. We have done all the things realtors tell you to do in order to sell and nothing has worked. Not even baking bread before potential buyers come over. We live in the suburbs of Chicago, in a good neighborhood, very close to a good grade school and on a very quiet street.
We have also lowered our price to a basically "break even" point. So its not like were trying to make a bunch of money.
So why won't this house sell? |
 |
 
I Know Nuttin
|
You have to look at the market conditions. It could be that right now the market in your area is "flooded" and there is just not enough demand for houses. More than likely the timing is bad.
Also, how is the location? |
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Go_Know_Thyself
 |
Well there ya go! You're not supposed to bake bread... You're supposed to bake COOKIES!
no, really... probably because the real estate game is in the toilet right now. Interest is high, Insurance is higher and people are just trying to afford GAS and electricity let alone buy a new house. You should have sold last year! |
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MaryBeth
|
Bad economy. |
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Daniel
 |
maybe everyone that lives in that area already has a house, or no one is new moving into that area |
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NONAME
 |
CUZ....U SUX! Y'R HOUSE IS A CRACK HOUSE...NOE WAT I MEEN....!!!???? |
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Vanessa B
 |
Before I bought my place a couple of years ago, a friend gave me some great advice: "Remember, just because the real estate market is doing great now, it may be another ten years before you are able to sell. Expect to be into this for the long term."
The real estate market is just like any other free market, it has highs and lows. Your neighborhood is most likely in just one of those low points right now. If the home has been on the market for a year or more, then you may just have to let the buyers dictate the price or rent the place out instead of selling. If you can stay there, then take the house off the market and stay for a while longer, until you see the next upshot in the market. |
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Aaron J
|
TRY EBAY
IS PRICE TO HIGH
MAYBE BAD REALTORS--- BELIEVE IT |
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Balthor
|
Try a different realtor.You might have to see the District Attorney on this one. |
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Heckel
 |
I like the baking bread idea a lot! I assume you are staging your home thoughtfully for each showing that occurs, making sure the place looks clean, comfortable and inviting.
Remember that the real estate market is in a slump nationwide right now, so there are simply not enough motivated buyers looking for property. Many buyers are sitting on the sidelines, assuming that prices will continue to fall and that they will be able to scoop up a deal if they wait long enough. Of course, there are also plenty of sellers who are also standing their ground on price, figuring the pendulum will swing back in their direction again soon enough.
So we have an impasse, generally, and most people are watching the Fed and its position on interest rates for a signal about when the long series of increases will come to an end. When this occurs (and it will), the market will emerge from the doldrums.
Your house will sell. Don't give up! |
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Malika
|
What is your asking price? How is it compared to other homes for sale in your area? How long were the other homes on the market before they sold? What were the prices?
I agree with the other answerer's- the market may be flooded, and the economy may affect your home. How is the employment rate in the Chicago area? (I am from Ohio and unemployment is still high)
Have your tried to bury a statue of St. Joseph? This is an old custom and quite often, after the statue is buried, the house sells.
Good luck, you deserve a break! |
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Xtal
|
My mother was trying to sell her house (she lives in Cleveland) & ran into the same problem. She talked to a Realator, & they finally told her that the ecomany in Cleveland area is so bad right now, that many people are losing jobs & cannot afford to buy a house, so even if you have a nice house, no one can afford to buy it & the people who can afford afford it, are moving out of state. Maybe you are having the same problem in Chicago. She ended up keeping the house & rent it out. |
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furious but whatever
|
It's a buyers market. The same thing happened to the neighbors next door to us. Their house is pristine and was even featured as the house of the week in the paper but no one gave them an offer until they had drastically reduced the price. They did sell the house but ended up taking a loss right up to the inspection where they ended up taking off a few more thousand for trivial things in order to close the deal. You are going to need to lower the price again in order to tempt buyers. |
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greencaddyman
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you are asking for too much money. and chicago is not that great of a place to live. You may have made alot of improvements, but you cannot change the location. It does not matter how much money you put into it, it is still the same house on the same street. Stop spending more money on it, lower you price, take a loss, and move out of such a bad place to live. Or stay there forever. |
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jean
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since you put quotes around break even, you are still making profit. the price is probably still too high and the market is cooling down
people want to buy brand new homes |
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quietwalker
|
There is no way an utter stranger can give you the answer to your question without learning more about the neighborhood and your house. Off the cuff, it sounds as though you may have over improved. $150,000 is a LOT of money. One can buy a house for that if he shops carefully in your area. It seems to me that you may have gone into this house with the expectation of making a substantial profit down the road. Now that you think you're where you need to be, you're finding no one is interested in the product: the renovated house. Judging from the amount of money you invested, not including the purchase price, plainly and simply, I think you may have put too much into it and are going to have to either eat the loss or live in the house until the market reaches the value necessary for you to recoup what you have in the structure.
I'd be interested in knowing whether I'm wrong.
One thing I've learned about realtors. They seldom know beans about upgrading a house with an eye toward making a profit on the resale. If that's what you had in mind, you should find anyone in the area who is successful in investment real estate other than a realtor. I used to be one and I've also had rental properties. Get some books from the public library on the subject. Robert G Allen's How to Make Money in Real Estate is a classic and more than useful. Look for any literature along that line and study it until you can't think of anything else. Then, take another look at what you've done as compared to what you should have done.
Good luck with the sale. |
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thetoothfairyiscreepy
 |
it sounds like you as well as your realtor are doing your job. the realtor CAN'T make someone buy the home, as i'm sure you know.
most likely, it's just a bad time to buy, or either the right buyer hasn't come along yet. be patient, sometimes these things take time!
good luck, and i wish you a quick sale! |
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satarnag
|
MzFizzy is correct. Get a Realtor that thinks outside the box. Whether it be cash at closing, seller financing, a lease purchase option or other creative means, you need to have an edge. For example, giving 10k at closing is much better than dropping the price 10k. Also, structure your listing contract where your agent gets 1% and the buyer's agent gets 4%. It will motivate both agents to find a buyer.
Regards |
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jamie5987
|
The market is not great now for homes selling.
I assume you have cleaned all the clutter out of your house, repainted or did touch up painting, worked on your house's curb appeal (and backyard appeal), etc.
Is your house overpriced as compared to other houses in the area? If your house is two-story and the other homes are one story and priced less, you may have a problem. Not many home improvements will yield a 100% return when it comes time to sell.
What about your realtor? Is he or she doing an adequate job of marketing your house? Is there an online listing? Do the photos and descriptions put your house in the best light?
Sorry you are having these difficulties - I hope you sell by the end of the summer. |
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Paul D
|
Are you using a Realtor, or just following the advice you read about?
A Realtor will get you the exposure you need, by placing your home in the MLS, and marketing your home.
Need a good Realtor?
E-mail me
I can recommend an experienced Realtor from your area that will give you OUTSTANDING service! I work with a network of Realtors across North America, and know several good ones in Chicago
http://www.pauld-kw.com
http://www.bhammls.com/dziedzic |
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mzfilly
|
You are lacking "creativity!" In this market, where inventory is high, and the pool of potential buyers is low, you need an EDGE in your market.
Whether you are working with a Realtor or not, there are some really creative ways to bring that contract through the door.
How about a BUY-DOWN? What? Never heard of it? Then, perhaps you are not working with the best specialists! A buy down is where you, as the sellers, help the financing portion of the sale---making a VERY enticing package for the borrowers...
For example, if you were to pay about 2 points towards the closing, the buyer could secure a rate that could be 2% better than today's going rate! Would that help you sell your house?
YES IT WILL!
How do I know? Because I do this type of thing all day long with the Realtors I work with.
Feel free to contact me for more information, and best of luck to you! |
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Mom of 5
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Is the selling market low therer? Its a buyers market here in Minnesota. There are like 10 or something like that houses on the market for each buyer. Realtors are telling sellers it could take up to a year to sell. I'm not sure how the housing market is there but, I heard its kinda that way a lot of places lately. We have a lot of foreclosures from people having arms. |
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Donna M
 |
Do you have a REALTOR? Maybe you should. |
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