Overpriced Homes & Open Houses! Who's fault is it?

Posted under: General Area in Middle Village, Home Selling in Middle Village, In My Neighborhood in Middle Village | April 21, 2013 1:26 PM | 3 views | No comments

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View RSS feed close [x] .I started in 1979, and was taught by my Broker then, and through numerous Seminar courses over the years on pricing Homes to sell. With experience now, and over 3,000 written appraisals to date, I am bewildered at the fact that still in todays Real Estate Market, homes still come on at overpriced asking prices.

Everyone wants the most money they can get, but you can not fool the buyers, and certainly not the Bank appriaser when they come after your offer is accepted and you go into contract.

Location is important, next the exterior of the house, and where it is located on a block. The interrior, appliances, and overall condition to.

If it is by a two way intersection, and or a bus route, or all of the above, then price must be reflected. No garage, an adjustment downward is normal. But if a Garage is under the home, that is nice, but you loose most of your basement then.

Many of the Homes on the Market today reflect the decision making of an agent or Broker, and or agree with the Homeowner's price even if it is unrealistic. THE RESULTS IS IT SITS ON THE MARKET WEEK AFTER WEEK AND MONTH AFTER MONTH!

The benefit to Realtors is they get to post their signs all over, and in turn other potential homeowner's think they are the Realtor to go to, but there not!

Pricing a Home correctly is Key. Selling it within 2 to 4 weeks is about norm. Then contract and in 6o days later a closing.

Homeowners must be shown similar type of homes that sold within a 90 day period and should not expect to get above and beyond the Market Value of today!

It is the Realtors job to also price it correctly, and not pump up a Homeowner with High Expectations, and then put a pin in their balloon at the end.

.

GOING TO SELL YOUR HOME, CALL JIM TURANO.

HE IS A GOODFELLA, FOR SURE.

DOES THE RIGHT THING,

NO SIGNS/NO MULTIPLE LISTING/JUST SELLS IT FAST!

I HIGHLY RECOMMEND JIM TURANO

Call him today, or stop by his office, next to lee nails on 73place/metro

He works harder the old fashioned way and earns that reputation each day.

Big outfits can't shine his shoes.

He is a one man army.

Rocky

Living in Middle Village, I always seem to bump into Jim Turano most of the time. When My neighbor was thinking of selling, I recommended Jim Turano to her. In 4 weeks time and 8 Open Houses, he sold the Home. She was so pleased with his services, and must have thanked me several times. A down to earth hands on Broker, who I became friendly with.I have been an actor for years, and just completed a Movie called "NON STOP' to be released later in the year. But my point is, this Broker is extremely friendly, likeable and hard working. And from time to time I stop in his office on Metropolitan Avenue just to say hello. Very personable, and very interesting man. Middle Village does have a unique individual who does care about the Community he lives in. His article is very informative, in fact it helped my brother who just sold his home to.

This was a very helpful article, and I didn't know that sellers have to pay closing costs. I found many more articles on the internet by this broker. You know he adds a personal touch, with old fashioned hands on business ethics from years ago. Refreshing.

Not like a Franchise real estate, with an invisible broker, and one who lives in the community he does business in.

Of course being a Viet Nam Vet must be the reason he goes all out to satisfy everyone. Anyone who survived Viet Nam appreciates life, that's for sure.

Good article Mr. Turano