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djrobsd
ParticipantThis thread really rings home to me, since I’ve been trying to sell my place since July.
First of all, in a normal real estate market, all the little things like paint, decluttering, staging, etc help to sell a home. But I can tell you, as a seller who did EVERYTHING by the book, Ready Set Sold (which is an awesome book by the way), and put a lot of money into my home before I listed it for sale, in this crappy market, it doesn’t seem to make one bit of difference.
The only good thing that has come from me staging my home and painting it the right colors and making it “show perfect”, is that I was getting a LOT more traffic then other listings in my area, according to my former realtor who had 19 active listings, and told me that most of her listings weren’t getting any showings. But, all that traffic, and zero offers because people just don’t seem to want to see past the fact that my place is small and doesn’t have a big yard.
However, I let my listing expire with her for one reason, and one reason only. She was charging me 3% (plus 3% to the buyers realtor for a total of 6), but wasn’t doing any more work then the realtors who only charge 1%. Also, i realized that I need to lower my price, and the only way to do that without a short sale was to go with a realtor who charged less, so I did.
There are no easy answers in today’s market. There are a very limited number of buyers out there, it’s a brutal market, and I’m just hanging in there hoping someone will fall in love with my home emotionally and not care about the financial fundamentals. Otherwise, I guess it will be an interesting ride.
Good luck to your friend (and by the way, I do think that $100 in paint would be money WELL spent, as well as getting rid of the dogs for ALL showings if they have dogs).
ParticipantThis thread really rings home to me, since I’ve been trying to sell my place since July.
First of all, in a normal real estate market, all the little things like paint, decluttering, staging, etc help to sell a home. But I can tell you, as a seller who did EVERYTHING by the book, Ready Set Sold (which is an awesome book by the way), and put a lot of money into my home before I listed it for sale, in this crappy market, it doesn’t seem to make one bit of difference.
The only good thing that has come from me staging my home and painting it the right colors and making it “show perfect”, is that I was getting a LOT more traffic then other listings in my area, according to my former realtor who had 19 active listings, and told me that most of her listings weren’t getting any showings. But, all that traffic, and zero offers because people just don’t seem to want to see past the fact that my place is small and doesn’t have a big yard.
However, I let my listing expire with her for one reason, and one reason only. She was charging me 3% (plus 3% to the buyers realtor for a total of 6), but wasn’t doing any more work then the realtors who only charge 1%. Also, i realized that I need to lower my price, and the only way to do that without a short sale was to go with a realtor who charged less, so I did.
There are no easy answers in today’s market. There are a very limited number of buyers out there, it’s a brutal market, and I’m just hanging in there hoping someone will fall in love with my home emotionally and not care about the financial fundamentals. Otherwise, I guess it will be an interesting ride.
Good luck to your friend (and by the way, I do think that $100 in paint would be money WELL spent, as well as getting rid of the dogs for ALL showings if they have dogs).
ParticipantThis thread really rings home to me, since I’ve been trying to sell my place since July.
First of all, in a normal real estate market, all the little things like paint, decluttering, staging, etc help to sell a home. But I can tell you, as a seller who did EVERYTHING by the book, Ready Set Sold (which is an awesome book by the way), and put a lot of money into my home before I listed it for sale, in this crappy market, it doesn’t seem to make one bit of difference.
The only good thing that has come from me staging my home and painting it the right colors and making it “show perfect”, is that I was getting a LOT more traffic then other listings in my area, according to my former realtor who had 19 active listings, and told me that most of her listings weren’t getting any showings. But, all that traffic, and zero offers because people just don’t seem to want to see past the fact that my place is small and doesn’t have a big yard.
However, I let my listing expire with her for one reason, and one reason only. She was charging me 3% (plus 3% to the buyers realtor for a total of 6), but wasn’t doing any more work then the realtors who only charge 1%. Also, i realized that I need to lower my price, and the only way to do that without a short sale was to go with a realtor who charged less, so I did.
There are no easy answers in today’s market. There are a very limited number of buyers out there, it’s a brutal market, and I’m just hanging in there hoping someone will fall in love with my home emotionally and not care about the financial fundamentals. Otherwise, I guess it will be an interesting ride.
Good luck to your friend (and by the way, I do think that $100 in paint would be money WELL spent, as well as getting rid of the dogs for ALL showings if they have dogs).
ParticipantIf Claim Jumper is open on Thanksgiving, I would argue that you are going to get STUFFED if you eat there, since on a normal day you get over-stuffed, so i’m sure for thanksgiving it will be more like quad-stuffed.
ParticipantIf Claim Jumper is open on Thanksgiving, I would argue that you are going to get STUFFED if you eat there, since on a normal day you get over-stuffed, so i’m sure for thanksgiving it will be more like quad-stuffed.
ParticipantIf Claim Jumper is open on Thanksgiving, I would argue that you are going to get STUFFED if you eat there, since on a normal day you get over-stuffed, so i’m sure for thanksgiving it will be more like quad-stuffed.
ParticipantIf Claim Jumper is open on Thanksgiving, I would argue that you are going to get STUFFED if you eat there, since on a normal day you get over-stuffed, so i’m sure for thanksgiving it will be more like quad-stuffed.
ParticipantLou Dobbs is great on CNN, so I’m sure he’ll be great in person too. He’s a hero in my book, I commend him for putting it all out there on national TV.
ParticipantLou Dobbs is great on CNN, so I’m sure he’ll be great in person too. He’s a hero in my book, I commend him for putting it all out there on national TV.
ParticipantLou Dobbs is great on CNN, so I’m sure he’ll be great in person too. He’s a hero in my book, I commend him for putting it all out there on national TV.
ParticipantLou Dobbs is great on CNN, so I’m sure he’ll be great in person too. He’s a hero in my book, I commend him for putting it all out there on national TV.
ParticipantHere’s what the law says, California Civil Code… I hate trying to read the law, the laywer-worded laws are so difficult to interpret sometimes. From what I can tell, it says “balance of the purchase price” under a deed of trust. That means, even if you refinance, if they do it as a dead of trust again, and you don’t finance a penny over the original purchase price, you might be protected, but I’m NOT A LAWYER SO DO NOT TAKE THIS AS LEGAL ADVICE, it’s just my interpretation by reading. Perhaps a lawyer could clarify this for all of us?
580b. No deficiency judgment shall lie in any event after a sale of
real property or an estate for years therein for failure of the
purchaser to complete his or her contract of sale, or under a deed of
trust or mortgage given to the vendor to secure payment of the
balance of the purchase price of that real property or estate for
years therein, or under a deed of trust or mortgage on a dwelling for
not more than four families given to a lender to secure repayment of
a loan which was in fact used to pay all or part of the purchase
price of that dwelling occupied, entirely or in part, by the
purchaser.
Where both a chattel mortgage and a deed of trust or mortgage have
been given to secure payment of the balance of the combined purchase
price of both real and personal property, no deficiency judgment
shall lie at any time under any one thereof if no deficiency judgment
would lie under the deed of trust or mortgage on the real property
or estate for years therein.580c. In all cases where existing deeds of trust or mortgages are
judicially foreclosed, unless a different amount is set up in the
mortgage or deed of trust, and in all cases of mortgages and deeds of
trust executed after this act takes effect, the mortgagor or trustor
may be required to pay only such amount as trustee’s or attorney’s
fees for processing the judicial foreclosure as the court may find
reasonable and also the actual cost of publishing, recording, mailing
and posting notices, litigation guarantee, and litigation cost of
suit.580d. No judgment shall be rendered for any deficiency upon a note
secured by a deed of trust or mortgage upon real property or an
estate for years therein hereafter executed in any case in which the
real property or estate for years therein has been sold by the
mortgagee or trustee under power of sale contained in the mortgage or
deed of trust.
This section does not apply to any deed of trust, mortgage or
other lien given to secure the payment of bonds or other evidences of
indebtedness authorized or permitted to be issued by the
Commissioner of Corporations, or which is made by a public utility
subject to the Public Utilities Act (Part 1 (commencing with Section
201) of Division 1 of the Public Utilities Code).ParticipantHere’s what the law says, California Civil Code… I hate trying to read the law, the laywer-worded laws are so difficult to interpret sometimes. From what I can tell, it says “balance of the purchase price” under a deed of trust. That means, even if you refinance, if they do it as a dead of trust again, and you don’t finance a penny over the original purchase price, you might be protected, but I’m NOT A LAWYER SO DO NOT TAKE THIS AS LEGAL ADVICE, it’s just my interpretation by reading. Perhaps a lawyer could clarify this for all of us?
580b. No deficiency judgment shall lie in any event after a sale of
real property or an estate for years therein for failure of the
purchaser to complete his or her contract of sale, or under a deed of
trust or mortgage given to the vendor to secure payment of the
balance of the purchase price of that real property or estate for
years therein, or under a deed of trust or mortgage on a dwelling for
not more than four families given to a lender to secure repayment of
a loan which was in fact used to pay all or part of the purchase
price of that dwelling occupied, entirely or in part, by the
purchaser.
Where both a chattel mortgage and a deed of trust or mortgage have
been given to secure payment of the balance of the combined purchase
price of both real and personal property, no deficiency judgment
shall lie at any time under any one thereof if no deficiency judgment
would lie under the deed of trust or mortgage on the real property
or estate for years therein.580c. In all cases where existing deeds of trust or mortgages are
judicially foreclosed, unless a different amount is set up in the
mortgage or deed of trust, and in all cases of mortgages and deeds of
trust executed after this act takes effect, the mortgagor or trustor
may be required to pay only such amount as trustee’s or attorney’s
fees for processing the judicial foreclosure as the court may find
reasonable and also the actual cost of publishing, recording, mailing
and posting notices, litigation guarantee, and litigation cost of
suit.580d. No judgment shall be rendered for any deficiency upon a note
secured by a deed of trust or mortgage upon real property or an
estate for years therein hereafter executed in any case in which the
real property or estate for years therein has been sold by the
mortgagee or trustee under power of sale contained in the mortgage or
deed of trust.
This section does not apply to any deed of trust, mortgage or
other lien given to secure the payment of bonds or other evidences of
indebtedness authorized or permitted to be issued by the
Commissioner of Corporations, or which is made by a public utility
subject to the Public Utilities Act (Part 1 (commencing with Section
201) of Division 1 of the Public Utilities Code).ParticipantHere’s what the law says, California Civil Code… I hate trying to read the law, the laywer-worded laws are so difficult to interpret sometimes. From what I can tell, it says “balance of the purchase price” under a deed of trust. That means, even if you refinance, if they do it as a dead of trust again, and you don’t finance a penny over the original purchase price, you might be protected, but I’m NOT A LAWYER SO DO NOT TAKE THIS AS LEGAL ADVICE, it’s just my interpretation by reading. Perhaps a lawyer could clarify this for all of us?
580b. No deficiency judgment shall lie in any event after a sale of
real property or an estate for years therein for failure of the
purchaser to complete his or her contract of sale, or under a deed of
trust or mortgage given to the vendor to secure payment of the
balance of the purchase price of that real property or estate for
years therein, or under a deed of trust or mortgage on a dwelling for
not more than four families given to a lender to secure repayment of
a loan which was in fact used to pay all or part of the purchase
price of that dwelling occupied, entirely or in part, by the
purchaser.
Where both a chattel mortgage and a deed of trust or mortgage have
been given to secure payment of the balance of the combined purchase
price of both real and personal property, no deficiency judgment
shall lie at any time under any one thereof if no deficiency judgment
would lie under the deed of trust or mortgage on the real property
or estate for years therein.580c. In all cases where existing deeds of trust or mortgages are
judicially foreclosed, unless a different amount is set up in the
mortgage or deed of trust, and in all cases of mortgages and deeds of
trust executed after this act takes effect, the mortgagor or trustor
may be required to pay only such amount as trustee’s or attorney’s
fees for processing the judicial foreclosure as the court may find
reasonable and also the actual cost of publishing, recording, mailing
and posting notices, litigation guarantee, and litigation cost of
suit.580d. No judgment shall be rendered for any deficiency upon a note
secured by a deed of trust or mortgage upon real property or an
estate for years therein hereafter executed in any case in which the
real property or estate for years therein has been sold by the
mortgagee or trustee under power of sale contained in the mortgage or
deed of trust.
This section does not apply to any deed of trust, mortgage or
other lien given to secure the payment of bonds or other evidences of
indebtedness authorized or permitted to be issued by the
Commissioner of Corporations, or which is made by a public utility
subject to the Public Utilities Act (Part 1 (commencing with Section
201) of Division 1 of the Public Utilities Code). -
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