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(Reuters) - Facebook shares sank 11 percent in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday and driving others to switch back to more established stocks. Facebook's debut was beset by problems, so much so that Nasdaq …
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SHANGHAI/NEW YORK (Reuters) - Yahoo Inc will sell as much as half of its 40 percent stake in Chinese e-commerce powerhouse Alibaba Group for $7.1 billion, ending years of fractious talks over how to extract value from its most prized asset. Yahoo also increased its stock buyback authorization by $5 billion to $5.5 billion …
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TOKYO (Reuters) - Fitch cut Japan's sovereign credit status on Tuesday to the lowest level among global ratings agencies as a political stalemate dims the chance that the country can curb its snowballing debt. Fitch Ratings cut Japan's long-term foreign currency rating by two levels from AA to A plus, the fifth highest …
Apple still dominates world's top brands: study(Reuters) - Apple has maintained its place as the world's most valuable brand over the past year, leading a group of technology-related companies that dominate the top 10, according to a study published … More »Apple still dominates world's top brands: study
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Wall Street rebounds, but investors dump FacebookNEW YORK (Reuters) - Stocks rose more than 1 percent on Monday, with the S&P 500 snapping a six-day losing streak in a rebound from equities' biggest weekly drop in almost six months, but Facebook slumped … More »Wall Street rebounds, but investors dump Facebook
NEW YORK (Reuters) - Stocks rose more than 1 percent on Monday, with the S&P 500 snapping a six-day losing streak in a rebound from equities' biggest weekly drop in almost six months, but Facebook slumped in its second session after a disappointing debut. Tech shares were among the day's biggest gainers, with an S&P sector …
Wall Street up on banks, housing dataNEW YORK (Reuters) - Stocks rose on Tuesday, led by financial and housing shares, after home resales rose in April to their highest annual rate in nearly two years in another sign that the housing market … More »Wall Street up on banks, housing data
NEW YORK (Reuters) - Stocks rose on Tuesday, led by financial and housing shares, after home resales rose in April to their highest annual rate in nearly two years in another sign that the housing market may be on the road to recovery. But gains were capped as Facebook shares lost about 20 percent of the online social network's …
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NEW YORK (Reuters) - China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury's first-ever direct relationship with a foreign government, according to documents viewed by Reuters. The relationship means the People's Bank of China buys U.S. debt using …
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HONG KONG (Reuters) - European Central Bank Vice President Vitor Constancio said on Tuesday he does not expect Greece will exit the euro and urged Athens to work with Europe to remove the risk of its crisis spreading to other countries. "I don't think the worst is going to happen in Europe. I don't anticipate Greece will …
Citigroup says cautious on U.S. small-, mid-cap cos(Reuters) - Citigroup said it has a cautious view on the U.S. small-and mid-cap companies on concerns over earnings pressure in the second half amid the euro zone crisis and the political uncertainty in … More »Citigroup says cautious on U.S. small-, mid-cap cos
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Nissan aiming for 10 percent of China luxury car marketHONG KONG/BEIJING (Reuters) - Nissan Motor Co Ltd said it aims to triple global sales of its premium Infiniti brand by 2016 and take 10 percent of China's luxury vehicle market, challenging leaders like … More »Nissan aiming for 10 percent of China luxury car market
HONG KONG/BEIJING (Reuters) - Nissan Motor Co Ltd said it aims to triple global sales of its premium Infiniti brand by 2016 and take 10 percent of China's luxury vehicle market, challenging leaders like Audi AG and Mercedes Benz maker Daimler AG. Infiniti on Tuesday became the first global car brand to open a headquarters …
Flurry of arguments start Gupta insider-trading trialNEW YORK (Reuters) - Former Goldman Sachs director Rajat Gupta "threw away his duties" by divulging bank secrets to hedge fund manager Raj Rajaratnam, a U.S. prosecutor said at the start of Gupta's insider-trading … More »Flurry of arguments start Gupta insider-trading trial
NEW YORK (Reuters) - Former Goldman Sachs director Rajat Gupta "threw away his duties" by divulging bank secrets to hedge fund manager Raj Rajaratnam, a U.S. prosecutor said at the start of Gupta's insider-trading trial on Monday. The defense punched back that the government had no direct evidence. Gupta, 63, once a boldface …
Silicon Valley takes Facebook fizzle in strideSAN FRANCISCO (Reuters) - Facebook's lackluster initial public offering performance is a black eye for many on Wall Street and could have ramifications for similar upcoming deals such as an offering by … More »Silicon Valley takes Facebook fizzle in stride
SAN FRANCISCO (Reuters) - Facebook's lackluster initial public offering performance is a black eye for many on Wall Street and could have ramifications for similar upcoming deals such as an offering by Twitter, but venture capitalists in Silicon Valley are keen to shrug off Facebook's stumble - at least for now. ...
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SINGAPORE, May 22 (IFR) - India's mounting economic and political woes are prompting market players to raise the specter of a Greek-style crisis in Asia's third largest economy. This is not simply idle speculation. Last Friday, the rupee crashed to an all-time low against the dollar of 54.9 and it was stuck most of Tuesday …
Question
What's the best way to price a house for sale?
Unlike 99% of homes for sale in my area, my house is truly in mint condition. It was totally gutted, granite and marble added. I could go on and on. Although none have actually closed, several similar houses are for sale in the surrounding area but few are in as good condition. I met with a realtor who suggested listing it about $25k less than the others. She (and I) could not find other comparables that have actually sold recently. She said a bank would not loan a buyer what I wanted to ask. I pointed out that other houses that are not as good are listed much higher ie (no garage when mine has a two car detached), but she said you can't use asking prices of other houses to determine what to ask for yours. Any advice?
I forgot to mention that the agent wants to list it for $259,000; hoping it will go for $250,000. I appraised in January for $277,000.
Correction - It appraised..
Best Answer
She is most likely correct. No matter how nice your house is you will not get full value if you over upgrade for the neighborhood.
The list prices on homes mean nothing, only sales within the last 4 months.
You should get an appraisal now instead of later. Your agent is 100% correct in that no bank will lend money to a buyer if it appraises for under the sales price. You may get a buyer but not be able to sell the house. You may as well get it figured out now.
Other Answers
I think all buyers know by now that there are still many people out there asking too much for your house. My advice is to figure out what your house would've sold for in 2002 or 2003 and list it at that price. Thats pretty much how people are now getting the their houses sold here in CA are doing it. Its actually still pretty funny when i see a house that someone is asking 250k for that is 20 years old and 2 blocks away they are selling brand new homes that are the same size for 50k less. If you are looking to get out of your house right away, i would listen to the realtor. I mean you dont even know if these other houses are even getting looked at for the prices they are asking. But if you are not in a hurry, ask for what you think your house is worth and wait. (key word there is "wait") You can always go lower. Some people are still living in dream land though and think they will get 400k for their 2 bd 1/ba 75 year old home with 20 year old carpet and mice in the attic.
by Peilthetraveler - 4 years agoshe's right - comps are based on SOLD properties within a certain time frame - Just becuase someone is asking a certain price doesn't mean they'll get it (thats how come you use sold comps) Not to mention if your buyer can't get the home to appraise high enough then they won't be able to get a loan - so there goes a sale if it's priced too high. Also, when you start too high in price - and then sit forever it makes buyers think if no one else wanted it and it's been out there for so long - we don't want it either. You only get one first impression. If you don't like the amount your home would sell for realistically right now - then you shouldn't sell it at all. Your agent is doing a good job - she has a fiduciary obligation to you not to lie to you. TO tell you the facts about what's really going on in the market. If she were to have you over price - she's not doing her job. You'll just get upset with her when you get feedback saying your overpriced and /or getting no showings due to your being over priced. Trust me - there is a method to the madness :)
by Mrs HarleyBrat - 4 years agowww.zillow.com
by WallyMart - 4 years agoI understand how you feel about your home, but you need to be real about this market. For example, in most area's in Minneapolis, homes are selling right around the assessed tax value.
If you still aren't sure, get 2 more opinions from Realtors. If you can't or just don't want to stay put for awhile, then you need to take it like a man and put it on the market for less than the others.
Source(s)
Appraiser/Realtor
by alterfemego - 4 years ago
