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I feel bad for my mom...she is having a hard time selling my grandmothers house

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Mommy2Boys
My Boys!!!!

Member since 6/06

14437 total posts

Name:
C

I feel bad for my mom...she is having a hard time selling my grandmothers house

My grandmother passed away last august and my grandmothers house still isn't sold. Unfortunately it's located in Brentwood. She lived on a nice block where all the houses were up kept with nice families but the town as a whole is terrible along with the school district.

My mom and her siblings tried to get her to leave years ago and she refused. That was the first house her and my grandfather owned after leaving the city and that was the house she said she wanted to die in Chat Icon

ALOT of this burden is falling on my moms shoulders because my uncle and two aunts are flakes Chat Icon And are trying to strike it rich. My mom just wants to get rid of it. I feel she can't get total closure until she sells the house. She and my aunt are meeting with two more realtors tonight.

It's a tough market period. Let alone in an area that is very low income and they are not giving mortgages out as easily these days. All expenses are coming out of their pockets now. It sucks!

Posted 5/5/11 6:28 PM
 
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smdl
I love Gary too..on a plate!

Member since 5/06

32461 total posts

Name:
me

Re: I feel bad for my mom...she is having a hard time selling my grandmothers house

I would just get rid of it asap.

Sorry!!!

Posted 5/5/11 6:40 PM
 

Christine Braun - Signature Premier Properties
LIFamilies Business

Member since 2/11

3986 total posts

Name:

Re: I feel bad for my mom...she is having a hard time selling my grandmothers house

Was the house listed before, or is your mom just trying to get it listed for the first time now?

Estate sales can be tough, given that you have multiple people selling (usually) and they often have different ideas of what the property is worth.

But keep in mind that, no matter what area a home is located in and no matter what the condition - homes are selling IF they are priced right. And by "right" I mean in line with true comps that are not more than 6 months old.

A good realtor will be knowledgeable and straight with your mom and her siblings about the value of the home. Then, they can price it aggressively and hopefully sell it soon. And assuming there is no mortgage on the home, then it makes no sense to carry the costs of the home (insurance, taxes, etc.) instead of just selling for what you can get in today's market. Hopefully, the realtors your mom talks to have written marketing plans and can reassure them of what they will do to get the house sold.

Also, what's a "desirable" neighborhood or "undesirable" is really in the eye of the beholder (it all depends on your perspective). People are buying homes in Brentwood! There are a LOT of buyers out there right now looking to get their foot in the door of home ownership with the lower prices and still-low rates, so try to think positive!

Sorry about you grandmother. I hope it all works out!

Posted 5/5/11 6:46 PM
 

alli3131
Peanut is here!!!!!!

Member since 5/09

18002 total posts

Name:
Allison

Re: I feel bad for my mom...she is having a hard time selling my grandmothers house

I bought an estate sale house. the price negotiation and contract signing was a nightmare. 3 kids and one just wanted to sell it the other 2 didnt want to budge on price.

I would make sure all the people involved are on the same page to avoid any of this. We almost walked because of it.

Posted 5/5/11 6:59 PM
 

JandJ1224

Member since 6/06

5734 total posts

Name:
Jannette

Re: I feel bad for my mom...she is having a hard time selling my grandmothers house

I would suggest all of the siblings be there for the meeting with the realtor so they can all hear first hand and see the comps to come up with a value.

Posted 5/5/11 9:25 PM
 

Mommy2Boys
My Boys!!!!

Member since 6/06

14437 total posts

Name:
C

Re: I feel bad for my mom...she is having a hard time selling my grandmothers house

Posted by Century 21 Dallow - Christine Braun

Was the house listed before, or is your mom just trying to get it listed for the first time now?

Estate sales can be tough, given that you have multiple people selling (usually) and they often have different ideas of what the property is worth.

But keep in mind that, no matter what area a home is located in and no matter what the condition - homes are selling IF they are priced right. And by "right" I mean in line with true comps that are not more than 6 months old.

A good realtor will be knowledgeable and straight with your mom and her siblings about the value of the home. Then, they can price it aggressively and hopefully sell it soon. And assuming there is no mortgage on the home, then it makes no sense to carry the costs of the home (insurance, taxes, etc.) instead of just selling for what you can get in today's market. Hopefully, the realtors your mom talks to have written marketing plans and can reassure them of what they will do to get the house sold.

Also, what's a "desirable" neighborhood or "undesirable" is really in the eye of the beholder (it all depends on your perspective). People are buying homes in Brentwood! There are a LOT of buyers out there right now looking to get their foot in the door of home ownership with the lower prices and still-low rates, so try to think positive!

Sorry about you grandmother. I hope it all works out!




They have had the house listed with another realtor and they have done nothing.

They made appts to meet with 2 more last night. One never showed. The other my mom is unsure of. She said they can no longer show houses unless people are pre-approved for a bank. They don't do open houses like they did in the past because noone shows and it's a waste of their gas money (exact words to my mother). She said they do everything off the internet now. They also said their best option for now may be to try to find a nice, young couple and do a rent to buy option. My mother doesnt want the headache of renting because what if something breaks or they destroy the house. The realtor did say they have it priced right although they wont get that amount, it is a good price to start with.

What kinds of questions should my mom be asking? What should the realtors be doing to help sell this house?

Posted 5/6/11 10:40 AM
 

Beth EXIT Realty
LIFamilies Business

Member since 4/10

281 total posts

Name:
Beth- Exit Realty Achieve

Re: I feel bad for my mom...she is having a hard time selling my grandmothers house

Would this house make sense for an investor?

I have some ideas- FM me if you like

Posted 5/6/11 12:17 PM
 

Jenn627
Laaaaaaaambert!

Member since 5/08

9800 total posts

Name:
Jenn

Re: I feel bad for my mom...she is having a hard time selling my grandmothers house

Posted by Century 21 Dallow - Christine Braun

Was the house listed before, or is your mom just trying to get it listed for the first time now?

Estate sales can be tough, given that you have multiple people selling (usually) and they often have different ideas of what the property is worth.

But keep in mind that, no matter what area a home is located in and no matter what the condition - homes are selling IF they are priced right. And by "right" I mean in line with true comps that are not more than 6 months old.

A good realtor will be knowledgeable and straight with your mom and her siblings about the value of the home. Then, they can price it aggressively and hopefully sell it soon. And assuming there is no mortgage on the home, then it makes no sense to carry the costs of the home (insurance, taxes, etc.) instead of just selling for what you can get in today's market. Hopefully, the realtors your mom talks to have written marketing plans and can reassure them of what they will do to get the house sold.

Also, what's a "desirable" neighborhood or "undesirable" is really in the eye of the beholder (it all depends on your perspective). People are buying homes in Brentwood! There are a LOT of buyers out there right now looking to get their foot in the door of home ownership with the lower prices and still-low rates, so try to think positive!

Sorry about you grandmother. I hope it all works out!



This is so out of left field - but you are ALWAYS so helpful on the home sale posts.

So thanks!

Posted 5/6/11 12:43 PM
 

Christine Braun - Signature Premier Properties
LIFamilies Business

Member since 2/11

3986 total posts

Name:

Re: I feel bad for my mom...she is having a hard time selling my grandmothers house

Thanks, Jenn! That's so nice. Chat Icon

To the OP, I don't think that the realtors should be operating on the internet-only. That's just laziness! I do think that it's important to have a strong internet presence (most buyers do at least start their search on the internet). In my office, we put our listings on hundreds of sites and create an individual website for your house.

To see an example of the single property website, check out:

http://www.494southoceanave.com


or

http://www.120goldieave.com

BUT - A realtor should also do open houses, send "Just Listed" announcements to the neighborhood, network with local agents and builders (and have a broker's open house), get feedback from all showings.

Feel free to FM me or contact me if you need more info

Message edited 5/6/2011 8:23:54 PM.

Posted 5/6/11 5:59 PM
 

nov04libride
big brother <3

Member since 5/05

14672 total posts

Name:
Me

Re: I feel bad for my mom...she is having a hard time selling my grandmothers house

One of my good friends split from her DH and they sold their house in Central Islip, so basically the same issues. It DID sell, but it went for $200,000, a year ago. Things have gone down since then (and it was in excellent shape). I don't know what they are listing, but I'd list lower since they might be pricing themselves out of the market assuming people will want to negotiate.

Posted 5/6/11 8:13 PM
 

Mommy2Boys
My Boys!!!!

Member since 6/06

14437 total posts

Name:
C

Re: I feel bad for my mom...she is having a hard time selling my grandmothers house

Posted by Century 21 Dallow - Christine Braun

Thanks, Jenn! That's so nice. Chat Icon

To the OP, I don't think that the realtors should be operating on the internet-only. That's just laziness! I do think that it's important to have a strong internet presence (most buyers do at least start their search on the internet). In my office, we put our listings on hundreds of sites and create an individual website for your house.

To see an example of the single property website, check out:

http://www.494southoceanave.com


or

http://www.120goldieave.com

BUT - A realtor should also do open houses, send "Just Listed" announcements to the neighborhood, network with local agents and builders (and have a broker's open house), get feedback from all showings.

Feel free to FM me or contact me if you need more info




Yeh, the current agent they have has done NONE of this!!!!

I'm going to have to talk to my mother. This is ridiculous.

Posted 5/6/11 11:24 PM
 
 

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