Homes Sell Faster When Priced Right
Posted by Larry Tollen on
Homes Sell Faster When Priced Right
Location, Condition, Curb Appeal are all critical factors when determining Price and it's difficult for any seller (and I include myself) to really be objective when considering their own home. It's easy to understand why, it's "our castle" and often we fail to see our own homes the way buyers (with no emotional attachment do.
When it comes to location, there's not much to be done, none of us can pick our home up and move it, in the vernacular of the day, "It is what it is." But when it comes to condition, curb appeal and price these are things every Seller has control over and where having an impartial professional to consult with can really pay off.
Condition
There are essentially two different areas by…
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One of the most common terms I see negotiated in contracts for a home in Durham today is for the seller to contribute money to the Buyer to cover all, or part of the Buyer’s Closing Costs. Seller paid closing costs can, with certain limits, be paid by the seller to the buyer without any problems…if you know the rules. Ignorance of the Underwriting Guidelines for the program and Bank that the Buyer is applying for a mortgage from, can turn a seller contribution of closing costs into a real problem!
Some homes in Durham and Chapel Hill are in Communities that have Home Owner Associations, and those dues could be charged on a monthly, annual or quarterly basis – depending on the Association and the Amenities that Community has.
Southern Village in Chapel Hill, NC
As I got into my car this morning I saw the first signs of Yellow Snow. Not the dreaded yellow snow made famous by Frank Zappa on his 1974 Album Apostrophe, but rather our annual NC spring “snowfall” of big yellow pollen coming from the long needles pines that are so abundant throughout the state.
Fairfield Subdivision in Durham, NC is a friendly community whose $155/quarter Home Owner Association dues include the pool and tennis club. Conveniently located in south Durham, it is minutes from the American Tobacco Trail and Southpoint Mall. If you work in RTP, you’ll have a mere 10-15 minute commute, and UNC is only a twenty- minute drive.