How Long Will It Take To Sell Your Home?

Written by Scott Riggsbee


Continued from page 1

To effectively market your property, you must have an accurate Comparative Market Analysis done forrepparttar area, and it must be given enough time onrepparttar 110329 market to bringrepparttar 110330 correct price. If your home sells in 5 - 10 days, it's usually selling too cheap. There IS a buyer for every home. You just have to give it adequate time forrepparttar 110331 market to bringrepparttar 110332 two together.

If you have not received a favorable response to your showings, there is only one part ofrepparttar 110333 equation that can be changed: your price must be lowered. You can either face this fact now, or deal with it much later, after months of being onrepparttar 110334 market. Run a second Comparative Market Analysis because, yes,repparttar 110335 market in certain areas does,and will, change.

And one more key point to remember when deciding your homes value and marketing. Tax Value or Assessed Value means nothing! This is just a valuerepparttar 110336 tax department assesses on your property to determine how much you'll pay them in taxes. It's almost always too high.

Also, If you've had your home refinanced, 8 times out of 10, it's too high. Why? Because appraisers for a refinance are not held accountable, while appraisers at initial purchase are. That's why you may hear some stories aboutrepparttar 110337 appraisal "not coming in" before close of an initial purchase transaction. Refinance appraisers work forrepparttar 110338 lender. Don't let a refinance appraisal influence your calculation of actual market value of your home.

So what does all this teach us? Price it rightrepparttar 110339 first time. Allow enough market time to get true market value for your home. You'll save yourself alot of time and frustration.

The following chart is a national market average.

Sold within: Percentage of Homes 1 Month 40% 2 Months 7% 3 Months 7% 4 Months 20% 5 Months 10% 6 Months 7% 7 Months 9%

If your property isn't sold within 30 days, a price adjustment should be made!

Statistics are based on National average of homes sold.

http://www.scottriggsbee.com/gold_howlong.asp

Scott Riggsbee has been actively involved in real estate for 10 years and loves bringing buyers and sellers together. You can access tons of free information at http://www.scottriggsbee.com anytime day or night.


Stopping Foreclosure with Bankruptcy

Written by Jimmy Cox


Continued from page 1

Bankruptcy will destroy your credit rating, therefore be careful when you speak with Bankruptcy Attorneys, this may berepparttar only option that they know of. In other words, when you talk to someone that does bankruptcies they will influence you to file bankruptcy, when you talk to a mortgage officer or bank official, they will want to influence you to get a loan because that is what bankers do, if you talk to an investor they want to buy your house, because that is what investors do, SO be careful and look out, find someone that does not have an agenda that can give you strategic advice regarding your current situation. The rate of people that declare bankruptcy for a second time is as much as 50%. In some instances, bankruptcy may be a good choice, but all too often it causes more stress and problems forrepparttar 110328 individual. So try to resolve withoutrepparttar 110329 use of bankruptcy.

Jimmy Cox www.365homenet.com



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