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 Moderated by: bartmanaz Page:    1  2  Next Page Last Page  
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Selling house  Rate Topic 
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 Posted: Fri Nov 8th, 2019 04:58 pm
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oppie
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Thinking about selling my house in the Ranchitos. Just wondering what the market is like this year. Thanks

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 Posted: Fri Nov 8th, 2019 05:58 pm
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nice guy
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Same as always. If the price is too high, you'll continue to own it.

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 Posted: Fri Nov 8th, 2019 06:21 pm
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jsprag
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Nice Guy is spot on.

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 Posted: Sat Nov 9th, 2019 06:45 am
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TrueBlue
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Nice guy is completely on point. Price solves everything.

Get a good, honest agent. Trust what they tell you regarding the value of your home. Get at least 2 opinions, preferably 3. If you don't like what they say, don't get mad, and don't sell your house. If you want it to sell, list it for the price recommended by your agent.

I won't indicate here who I would recommend, as it's a small town and I don't want to hurt feelings nor do I want others to feel like I'm advertising (I'm not an agent), but I have a strong opinion regarding agents in the area. PM me if you want to know who I would recommend.

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 Posted: Sat Nov 9th, 2019 08:30 am
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Ian948
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You need to determine how quickly you want to sell and know your lowest number you would accept.


If you monitor the mls you can watch similar properties and how long sometimes it takes to sell , I have seen properties sit for years ......


On a hands on example , I determined we would sell in Sept 18 , priced very aggressively , excellent agent , good marketing , many showings - but no firm offers. First offer in Feb 19 - so low I chocked on my coffee , however ended up dickering to a mid point and sold.


Point is , We were moving to Spain and wanted to clear everything quickly - so we took a large hit, if time had not been my main issue then we would have held out longer and taken a smaller hit !


Everyone will have different criteria , remember a property is only worth what someone will pay for it . We have no regrets as we had 10 wonderful years in SC , losses on real estate were just a cost of that enjoyment. Also we never viewed our purchases in Mx as investments fiscally , rather lifestyle cost.


:)






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 Posted: Sat Nov 9th, 2019 04:21 pm
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TrueBlue
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Ian's advice of monitoring the MLS is also very good advice. Keep in mind when monitoring that the 2 most important things are:

1. What was the *selling* price? Listing price means nothing.

2. How many days on market? In the US, if it has been on the market 30 days and no solid offers, your house is overpriced. In San Carlos, it's longer than that, I would say as long as 6 months, maybe as short as 3 months, before a price change should be considered.

Last edited on Sat Nov 9th, 2019 04:21 pm by TrueBlue

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 Posted: Sat Nov 9th, 2019 04:28 pm
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diver45
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I highly recommend Tammi Miller from Vive real estate. Very knowledgeable and fair.

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 Posted: Sat Nov 9th, 2019 05:06 pm
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long time resident
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TrueBlue, Properties in the states? In Tucson, you can price your property right, and it can sit on the market for a few months....depends on the price range that you are in, and also the time of year, and location. I have put listings on the market that I thought would take about a month and have gone under contract the same day. I have had others that just sit, even tho the price is right. A few factors come into play, and it only takes one person to walk in, and say it is the right one for them.

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 Posted: Sat Nov 9th, 2019 05:16 pm
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jsprag
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If you get no activity after 3 months it's overpriced. Personal attachment and what you paid for it is meaningless to buyers. Also putting a unrealistic asking price in hopes to find that special unique buyer is unwise. It will likely languish on the market leaving all parties wondering "what's wrong with that property". My point is one needs to research and price the property objectively and it will sell.

Last edited on Sat Nov 9th, 2019 08:41 pm by jsprag

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 Posted: Sat Nov 9th, 2019 05:54 pm
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TrueBlue
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Long Term Resident....


Perhaps I should have clarified by being more specific about what area of the states.  I'm in southern California where things are ridiculous......

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 Posted: Sat Nov 9th, 2019 06:30 pm
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frankie
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all real estate markets have their ebbs and flows, San Carlos is no different!
prior to 2008 the market here was hot in every price range!
have you ever heard the old adage "you can't build a million dollar home in a hundred thousand dollar neighborhood and expect to get your return back???? you see that all over San Carlos!


there are very few track type homes here most are custom in every price range and every neighborhood level! so it is difficult to get a CMA!!
for approximately 4 years the market up to about $150,000. has been fair, anything on the beach selling at asking prices, and many many times over a million!


so then you have the market OVER $150,000 NOT ON THE BEACH! THAT MARKET HAS BEEN STAGNATE FOR NEARLY A DECADE! many quality beautiful homes, many in gated communities! ALL ON THE MARKET FOR YEARS!!!


also in these last 4 years the demographics has drastically changed, now the predominate buyers are Mexican citizens!


i know what i am talking about, i was a licensed real estate agent in Arizona for 33 years and have been a contractor for 40 years, 18 of those years here! i have bought and sold DOZENS of properties here! i am in the trenches not an armchair speculator!!!


the forecast for the coming real estate  market, IMHO is bleak!!!!!
there are to many negative factors that need to be resolved before San Carlos returns to a vibrate pre 2008 market!

Last edited on Sat Nov 9th, 2019 09:51 pm by frankie

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 Posted: Sat Nov 9th, 2019 07:25 pm
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Bullshipper
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I would try with an agent that advertises to Mexican buyers over the american clientel.

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 Posted: Sat Nov 9th, 2019 07:56 pm
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TrueBlue
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Ideally the agent would market to both.  The Mexican market is at least equally as important as the American/Canadian market at this point.  This should be taken into consideration when doing a remodel or staging.

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 Posted: Sat Nov 9th, 2019 08:09 pm
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Bullshipper
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I believe that the increased amount of crime reporting on the English speaking forums and newspapers will hurt the homeowners selling prospects in San Carlos for quite sometime.

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 Posted: Sat Nov 9th, 2019 09:49 pm
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frankie
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Bullshipper wrote: I believe that the increased amount of crime reporting on the English speaking forums and newspapers will hurt the homeowners selling prospects in San Carlos for quite sometime.

you are spot on!!!


lets not forget the water issue!


90/95% of the purchases and building is from Mexican citizens!


in all probability the properties listed from people from NOB, will be listed from selling agents from NOB. 
the buying agents will most likely be Mexican agents!


an observation is there appears to be more of a market in new builds as opposed to resale!

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 Posted: Sat Nov 9th, 2019 09:51 pm
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Righton
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One thing I know of that is hurting selling a house in SC is the water problems which is very little water coming in.

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 Posted: Sun Nov 10th, 2019 03:45 pm
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Don
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Frankie,  your 90%-95% number is highly inflated.  Don't know where you are getting your numbers from.  

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 Posted: Sun Nov 10th, 2019 04:02 pm
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kiteboarder
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Bullshipper wrote: I believe that the increased amount of crime reporting on the English speaking forums and newspapers will hurt the homeowners selling prospects in San Carlos for quite sometime.

So, it isn't the increased crime, it's the increased reporting of crime. 


Got it!

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 Posted: Sun Nov 10th, 2019 04:29 pm
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frankie
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Don wrote: Frankie,  your 90%-95% number is highly inflated.  Don't know where you are getting your numbers from.  Don, your not the only agent i know! many of the developers direct sales are not being reported for your statistics!
you may have taken me out of context! "building and purchases!
you can also reverse that percentage and place on the sellers, 90/95% are from NOB!

so back it down to 85/90% !! 
regardless of the percentage, the Mexicans are the largest consumer!

Last edited on Sun Nov 10th, 2019 04:56 pm by frankie

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 Posted: Sun Nov 10th, 2019 04:31 pm
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nice guy
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Yes there is increased reporting of crime, but there is- and has been based on my 14 yrs here- much more "stealth" crime. Many more audacious "no fear" thieves who enter houses in the daytime when the owner/s are busy working in the back yard, or in the shower, or afternoon nap. And very few of these thefts are reported. I just found out that my next door neighbor was robbed while working in the back garden, they walked in the open back door, picked up wallet and laptop and walked out the front door. You leave a garage door open here and it's seen as an open invitation to a free, take what you want, garage "sale". And 3 weeks later you go looking for something, and can't find it. I think neighbor watch groups should fund neighborhood protection services. Break a few arms and that neighborhood would be protected.

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