Question about selling my home?
413393
Best way is to check recent sales prices of other homes in the area.  Try domania.com.  As for what it will fetch in another year from now, no way to predict.
771501
If you own the house you can refinance it.  Just be aware that if your loan amount(s) exceeds the selling price, you will have to bring money to the closing.
1019258
well being an appraiser i have done that many times over the past five years. not all markets are the same and not all homes are the same. a quick run down of what i do may help. \n\nbasically i get information about your house thru a physical  inspection of it. noting both the presence of or the absence of features. then i go to the mls service of that area and find homes that match as closely as i can to the one i looked at. making plus or minus adjustments to the sales price of the comparables. this gives me a range of value usually within a 5000 dollar spread or less. and the value given for the home is in this range. \n\n\n now there is alot that actually goes into this process and there are rules by which i have to follow but for this i am simplyfing. if homes have sold in the same area for about the same price you are aksing for then most likely it will be fine. however if they are asking for more than or less than the what other homes have sold for then you may have an issue. if more, then your home has to show why it is worth more. if less, then why is that. are the sellers motivated to get out or is there something wrong with the house. an appraiser worth anything should be able to determine this. \n\nnow i am aware that even though we are regulated a lot of appraisers will make the price no matter what the market says. this is not good as you end up paying too much for the house and not be able to resell it and cover your costs or if it is too low you may not be able to take advantage of special financing that allows you to remove pmi if the appraisal is high enough compared to the loan amount.  \n\nbest advice is to not sign any docs from lender that takes away your right to the appraisal. you paid for it out of the proceeds or before hand. you are entitled to it unless you sign away that right. this way you can see what the appraiser used as comparables for your home and also see what you may need to do to improve your home for a better resell  value. \n\nhope this helps   if you have any further questions please feel free to check my website at www.rpmappraisals.com and i have a page there that goes deeper into what an appraisal is .
83713
Need more answers here.\n\nIs it on the market with a Realtor, or are you selling 'by owner'?  West Texas from what I've been told isn't a high turnover market, so if you're not listed, I would HIGHLY consider it.  Being on the Multiple Listing Service gets it noticed by the people that actually have buyers in their cars looking for homes.\n\nAlso, VERY important to make sure your price is in line with the market.  If you haven't already done so, get a CMA (comparative market analysis) from an agent.  Most will provide this free of charge.  If there is a huge difference between their analysis and where you've got it priced, you might be overpriced.  Nothing will stop a house from selling more than being overpriced.\n\nGood luck.  If you have any questions, feel free to email me at rodbaker@fwrealtor.com
1038455
Good luck selling without a realtor. 99% of people just aren't comfortable without one. Too many things to miss or overlook. If you've tried to sell one using a realtor already, and had no luck, something is wrong with the house other than the price. Did you have a lot of shows? Did anyone make an offer at all?
227921
You can do it.....but be VERY CAREFUL!!  There are loads of pits to fall into when selling a home especially these days where people are just looking for excuses to sue someone.  It is also a very dangerous venture to be "showing" your home to complete strangers.....real estate agents generally know who they are bringing into the homes they show.  BUT the answer to your question....there are websites that will give your suggestions, and your local library or book store has many books that can lead you through the process.  Good Luck, but be SAFE!!!!
322323
you should have the house inspected and appraised...make sure you're getting what you pay for...i'd recommend going thru a realtor though. oh, and you need a good title lawyer...gotta make sure the current owner has a clear title.
171536
This is a tough one, but here is a suggestion.\n\nFirst I assume the owner has a loan that has a due on sale clause and cannot be assumed. Try these first if possible.\n\nNext thing if you work at it you can do this. It might be a long shot with each person, but you will eventually find someone willing. You need an investor. This isn’t something like finding one in a thousand like it might seem. A lot of people, at least 1 in 10 or 20 invest in real estate. So every community has a lot of investors. You are going to set up a deal that is too good for them to pass up and then show it to 25 people and one of them will go for it. Put an ad in the paper in the investor section something like invest in this lucrative real estate deal and you will have your phone ringing off the hook of people to try it out on.\n\nHere is what you want to happen. They will buy the house from the current owner, and they will lease option the house to you. Since the market is poor in that area you should be able to get a good deal. Keep in mind the reason they offered it to you first is so they can sell it for more than it is worth and avoid a commission on top of that. So any price they offer you will likely be way more than they need. Unless you are dealing with abnormally nice and fair people. \n\nSo lets assume the house is worth 90k to 100k for the illustration here. The range is if you want to sell it quick or let it sit a while on the market. Although the range might be larger the way you describe the area. My guess is the 18 months on the market is one house with a problem that the stubborn owner denies.\n\nFirst you need to be able to negotiate with the current owner. They can sell the house fast with an agent for 90k, of which 82k is what they get, 5400 commission plus 2600 taxes and closing fees. So you can offer 90k-5400 and it will be the same for them. They have to realize this is true so take time to explain it. If they agree that they would sell it for that then you would do best to put an offer in writing and write in the buyer as “your name and/or assigns”. The “and/or assigns” means you can assign the contract to someone else. The investor you will now search for. \n\nYou will need more time than average to close, which might trouble them(might need to raise the price a bit). Or, you may need to add something in the contract like this contract is void if the owner happens to find another buyer willing to pay at least $90k. This way they can still try to sell it while you put the deal together. They will get to keep your earnest money as well if you fail to buy the house, so put as little as they will take, but it does need to be at least $100 or so to be considered a legal contract. You might also add something like more earnest money, to the tune of $100 will be handed over each month to keep the contract good for up to 90 or even 120 days if they will go for it.\n\nNow you will try and find an investor. It has to be a good deal for them and of course you would like it to be a good one for you. Part of your pitch will be that you are trying to split the good fortune and that since you “found” the deal you want some of it. So they are going to buy the house for the contract price you negotiated of 84600. Then simultaneously lease option it to you to buy it for 100000 in three years, or however long you think it will take you to save up enough money and build up your good credit to buy a house. Presumably the house will be worth more than 100000 or you need to lower your price. Be sure this option contract gets recorded along with the other papers.\n\nThe lease part of a lease option works like this. You rent it for say 800 a month now, assuming this is market rent you will start renting it for 900 a month and 300 of that goes towards your down payment (all negotiable of course). So if you end up buying it you only pay 600 a month rent. If not then you paid 900. Good for both sides. You will also agree to handle all rep
1177391
We just sold a house.  We took $5,000 less than the listing price.  We couldn't afford to go any lower.  Our Realtor knew this, and would have rejected any offer less than that without even calling us. Be careful of making an offer that is too low.  \n\nWhen we made the offer on our new house our Realtor was able to guide us as to how much below the list price was a fair offer.  \n\nThere are many factors to consider.  Is the home reasonably priced to begin with?  Is there a mortgage balance?  Your Realtor should be able to answer your question better than people who have not seen the house and are not familiar with the market area.
173431
no. they come off the value of your house when you go to sell it. meaning less profit for the you to show the irs.
20303
NO! YOU CAN'T .THE HOUSE HAS BEEN COUNTED AS PROPERTY THAT BELONGS TO BOOTH OF YOU (RIGHT!)THEN IF YOU SELL THE HOUSE YOU HAVE TO GIVE HALF OF THAT MONEY TO YOUR  EX HUSBAND AND YOU WILL GET STUCK WITH ANY MONEY YOU SPENT TO SELL THE HOUSE. SORRY!
1167263
Here's the catch. When you sell a home, the transaction never goes beyond the county level. The only records the IRS will ever see are those provided by the bank, and what YOU tell them on your tax return. There is no space on the tax return that requires you to document how much PROFIT you made. You can buy a home for $100k, and sell lit 6 months later for $150k, but who's to say you didn't put $45k into repairs and remodeling, costs of selling, etc.? That means that you only have to declare $5k profit, IF you don't put it into another house. Don't volunteer any information, wait until they ask for it. They have to prove that you owe them money, you don't have to prove that you don't.
968813
Call a realtor.\n\nCoach
641722
No, the house is part of the real estate, too bad it was not a trailer! anyway there is nothing stopping you from making an offer, so go to a realtor, anyone will be happy to write it up, if you are in the norther michigan area give me a call, lol! just make an offer of what you are willing to pay, often times listing agents will list a house at whatever the owner wants just to get the listing, kind of like blowing sunshine up their skirts...i digress, just go to a realtor and make an offer, if you can pay cash instead of a mortgage you will have a good chance. good luck
215558
Hey, kid!\n\nYou are funny!  At least you did sell your house!  The job, sad though it is, doesn´t come into play here.  Surprizingly neither do the unemployment and moving.  \n\nHere is the deal.  There have been changes since you last checked.\n\nThe pattern now is a $250,000 exclusion from gains if you lived in the house for 2 of the last 5 years.\n\nIf you were married, hey you didn´t mention it, there is an increase to $500,000.\n\n\nSales price - sales costs - basis - exclusion equals gain.  \n\nIf you have a gain, you will have to list as a cap gain, despite the move and the job loss.\n\nGood Luck.
944834
You can offer what ever you want.\nThe realtor is required by law to present your offer.\nDon't listen to mental cases who tell you that you have to offer so close to the asking price- forget what they have to say.\n\n          Alot of people end up saving thousands by starting lower.. if you're in a hot area where property sells within days, sure, a low offer won't do you much good.\n\n                  But don't ever feel that you have to, for example, offer 380k just because some asshat has his property listed at 400. That's the most ridiculous idea I've ever heard of.\n\n                          If you offer 300 what is the worst that can happen... turned down or maybe a counter offer? If you go in like an idiot offering almost their asking price when they might have taken 340 for example you'll be making a $40,000 mistake just by listening to bad advice on the internet\n\n\n        Offer what YOU think is fair... start LOW. Period.\nI don't care what anyone gets on here and says.\nJust start low and offer what you think is fair.
984560
You create a contract for deed, and she pays you like any other bank, you pay your mortgage.\n\nMost mortgages have a "due on sale" clause, which means that if they find out you have sold your home, they can call the mortgage due.  So be careful.  If it's paid on time, may not be a problem.  If you don't record your contract, they may not find out.  But it is a potential risk.\n\nYou should contact a real estate attorney to advise you and handle the documents and the sale.  Gather up your mortgage documents from when you did your last closing and bring them to the attorney.