St. Louis home sellers
Consider an appreciating market. You price your home and enter it into the St. Louis MLS (which you can search by clicking here). Because you have entered an appreciating market you will immediately be underpriced if you entered at market value. Even if you entered the market overpriced, the market will begin to catch up to you — because the market is going up.
But what happens when the market is falling? What’s your strategy then? Consider a boulder rolling down a hill… How do you stop it? You’ve got to get in front. If you are priced above the market, you are constantly falling farther and farther behind the competition. And you are becoming more and more over priced.
When a professional Realtor prices your home in a declining market he should look at the market and then advise you to price slightly lower. That way you’re getting ahead of the competition.
To do this, a Realtor needs to not only show you what has sold in the past 6 months, but he must also show you what’s on the market. Houses on the market are like people waiting to pick up donuts at the bakery. Nobody wants to be at the end of the line. Everytime you cut your price, you cut in front of a bunch of people in line. The goal — CHECKOUT!! Waiting in line stinks!
If your Realtor has the expertise to price your home, if he’s an expert, professional St. Louis Realtor with lots of experience, listen to him. Want to know what your St. Louis home is worth?
Category : Home Buyer and Seller Tips &Real Estate Sales in St. Louis &St. Louis Real Estate Sales Statistics
If you currently are in a situation where you must sell your home and you owe more on your home than what it is worth to sell, a short sale can be a very good solution to your problem. Many myths have evolved over time, but understanding today’s reality is a way to help yourself. Seven short sale myths are:
- Short sales are impossible and never get approved. It is true that short sales are more difficult but they are not impossible. A Certified Distressed Property Expert has extensive training to help homeowners in distress.
- Banks Don’t Accept Short Sales. In reality, banks are doing whatever they can to avoid a foreclosure.
- You must be behind on your mortgage to negotiate a short sale. Many lenders today focus on verifiable hardship, monthly cash flow shortfall and insolvency – not just people in default.
- Buyers Avoid Short Sales. Many agents report that buyers call them looking for short sales. Short sales are becoming synonymous with a “good deal”, specifically with international buyers.
- Listing your home as a short sale is embarrassing. Recent estimates state that 1 out of 5 homeowners in the U.S. is in this situation. You are not alone!
- Banks prefer to foreclose. Banks do NOT want to foreclose. Banks, investors and the federal government have all publicly stated that if a person qualifies for a short sale, then the deal needs to be considered.
- There is not enough time to negotiate a short sale before my foreclosure. Many lenders today will stall a foreclosure up to the final day of the process, with a legitimate contract.
Category : Home Buyer and Seller Tips &Lenders in St. Louis &Moving to/from St. Louis &Short Sales in St. Louis &St. Louis Foreclosures
23 Broadview Farms Road Creve Coeur, MO 63141
23 Broadview Farms Road is one of most desirable homes in Broadview Farms with acres of woods, stocked fishing pond and the peaceful bells of Priory. This spacious 5+ bedroom has 6 bathrooms, open floor plan, 3 fireplaces and beautiful hardwood floors throughout. L/R has step-down for second seating area or g/piano. Large updated kitchen with island, gas cooktop (Dacor), SS appliances, sky lights and wood cabinets. VERY PRIVATE M/F MASTER RETREAT with french doors,study with fireplace and large master bath with double sinks, whirlpool tub, sauna, separate shower and walk-in closet. This home has exceptionally well-planned spaces for everyone in the family. Parking for 6 cars. Sunny walk-out basement with kitchen, counter seating, hobby/office, fireplace, 6th bedroom and full bath. Ideal situation for live-in help or family member. In-ground sprinklers, surrround sound, C/VAC, new driveway and patio, 30 year roof, new gutters. EXCELLENT CONDITION. Half-acre lot backs to woods Priory. Pet-free home.
You can search for more St. Louis Home Listings on our website.
Or Call Russell at 314-267-2636.
Category : creve coeur &Mason Ridge Elementary &Moving to/from St. Louis &Real Estate Sales in St. Louis &Relocation to St. Louis &St. Louis Real Estate Sales Statistics
I’ve got a great new tool to help St. Louis homeowners understand how much their house is worth in a declining market. At Home Prices St Louis, you can load in the details of your home, and we will get an analysis to you right away. We will not call you over and over again. The site is intended for those who are not ready yet to talk to an agent.
Another way to get similar information without as much detail is to fill out my St. Louis “Market Snapshot” form on the left sidebar of this page.
And you can always find me at my St. Louis Home Guide website. Or call me at 314-267-2636.
Category : Home Buyer and Seller Tips &Real Estate Sales in St. Louis &St. Louis Real Estate Sales Statistics
