1,231,853
Let the comps do the devils work. We had this issue with my parents' home.
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Hella M. Rothwell, Bro...
Carmel by the Sea, CA
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Susan Haughton
Alexandria, VA
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Anthony Acosta - ALLAT...
Atlanta, GA
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Debbie Gartner
White Plains, NY
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Nina Hollander, Broker
Charlotte, NC
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Mary Yonkers
Erie, PA
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Debbie Reynolds, C21 P...
Clarksville, TN
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Candice A. Donofrio
Fort Mohave, AZ
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Lisa Von Domek
Dallas, TX
3,742,012
The comps! Just the comps!
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Hella M. Rothwell, Bro...
Carmel by the Sea, CA
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
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Eric Kodner
La Pointe, WI
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Becca Rasmussen
Highlands Ranch, CO
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Mary Yonkers
Erie, PA
2,400,414
As you know Seller the average price per square foot in town is $200.00 and here in NE Minot prices have also been rising, now they are up to 50 cents per square foor.
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Nina Hollander, Broker
Charlotte, NC
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Becca Rasmussen
Highlands Ranch, CO
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Mary Yonkers
Erie, PA
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Debbie Reynolds, C21 P...
Clarksville, TN
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Candice A. Donofrio
Fort Mohave, AZ
617,935
Debbie,
This is why we get paid the big bucks. To handle bombs and land mines
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Susan Laxson CRS
La Quinta, CA
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Lyn Sims
Schaumburg, IL
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Candice A. Donofrio
Fort Mohave, AZ
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Mary Yonkers
Erie, PA
1,056,422
"Other neighborhoods are more in vogue these days."
"The neighborhood's gonna be a challenge."
"What WERE YOU THINKING moving here?"
Well, maybe not the last one. 3:)
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Nina Hollander, Broker
Charlotte, NC
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Mimi Foster
Colorado Springs, CO
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Bob "RealMan" Timm
Minot, ND
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Mary Yonkers
Erie, PA
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Debbie Reynolds, C21 P...
Clarksville, TN
2,707,721
You made me laugh out loud with this one Debbie Reynolds . This is a tricky subject, right up there with telling them their home has an odor(s)
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Nina Hollander, Broker
Charlotte, NC
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Becca Rasmussen
Highlands Ranch, CO
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Mary Yonkers
Erie, PA
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Debbie Reynolds, C21 P...
Clarksville, TN
1,683,912
We cannot talk about neigborhoods while talking to a buyer, so I personally would avoid it when talking to a seller. If they don't know their neighborhood sucks by now, then telling them won't do any good.
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Nina Hollander, Broker
Charlotte, NC
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Eric Kodner
La Pointe, WI
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Becca Rasmussen
Highlands Ranch, CO
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Curtis Evans
Golden Meadow, LA
787,765
Let the comps talk by themselves.
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Nina Hollander, Broker
Charlotte, NC
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Becca Rasmussen
Highlands Ranch, CO
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Curtis Evans
Golden Meadow, LA
715,407
hmm..maybe just present the comps?
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Nina Hollander, Broker
Charlotte, NC
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Becca Rasmussen
Highlands Ranch, CO
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Alesha A. Wilson, M.Ed.
Oklahoma City, OK
5,060,679
I think I would stick to the comparables and leave my opinions, and perhaps others', to myself. Feedback may tell the story.
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Nina Hollander, Broker
Charlotte, NC
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Becca Rasmussen
Highlands Ranch, CO
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Alesha A. Wilson, M.Ed.
Oklahoma City, OK
1,241,879
data speak for themselves Say within 1/4 mile
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Becca Rasmussen
Highlands Ranch, CO
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Alesha A. Wilson, M.Ed.
Oklahoma City, OK
1,092,947
Very carefully...put a positive spin on it. "What a great area this must have been when you bought here but the growth and development in other areas has resulted in high demand for those neighborhoods"...
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Nina Hollander, Broker
Charlotte, NC
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Mimi Foster
Colorado Springs, CO
2,375,711
wow - Debbie - I can't wait to read these answers!
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Nina Hollander, Broker
Charlotte, NC
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Mary Yonkers
Erie, PA
4,582,384
I would never say that. I share facts.
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Katina Hargrove 352-55...
Eustis, FL
2,221,377
2,784,716
The word "challenging" seems to get it done pretty good now a days
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Katina Hargrove 352-55...
Eustis, FL
1,847,041
Other neighborhoods seem to be more popular with buyers because .....
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Diana Zaccaro Broker A...
Cocoa Beach, FL
991,352
5,112,896
I think that's very hard to do, Debbie, and when I've had listings in such neighborhoods, the sellers really knew that deep down. I'd simply focus on the comps. Besides, in many cases that's a subjective opinion. I've had listings in neighborhoods I thought "sucked" that when priced right and marketed right sold immediately. There's a lid for every pot out there.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
582,106
Evaluating neighborhoods is a job for the consumer. It's best to steer clear of violating Fair Housing laws.
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Nina Hollander, Broker
Charlotte, NC
274,109
Comps usually tell all, Abby stiller and Larry Johnston got this one !!
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Nina Hollander, Broker
Charlotte, NC
6,418,429
"A less expensive neighborhood"
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Diana Zaccaro Broker A...
Cocoa Beach, FL
2,538,633
Good morning Debbie. Not sure why that is necessary, don't they already know their neighborhood. it is all about price as you well know.
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Curtis Evans
Golden Meadow, LA
3,988,013
I just had to tell a couple of sellers that buyers don't want their neighborhoods (condition, traffic, school zone, quality) and they may be better off renting or bottom out the prices to move them.
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Mary Yonkers
Erie, PA
5,877,455
Debbie, as Mary stated, the comps say it all, and you don't have to say anything.
4,961,499
473,113
823,679
637,484
There are a lot of ways to talk about the LOCATION of the home. In my area it's all about how close to the ocean you are. Someone else might be too close to the highway. Or be in an older neighborhood and your seller is the newest house. Or is the only stick built in a subdivision with manufactured homes. Plus, I don't think "sucks" is part of an appraiser's language.
1,506,163
5,772,587
Debbie,
I would show the comps and mention that this neighborhood is not in the hot areas according to buyers today. A
5,583,328
1,027,602
Well, plenty of people buy and sell homes in neighborhoods we consider less than stellar, so there's that...just show 'em the comps and let them draw their own conclusions. It's all subjective, anyway.
1,513,143
Like selling a car; there is a seat for every arse or an arse for every seat so it goes with a neighborhood. It is not for us to judge but showings in the end will dictate price!
921,504
I don't.
Not my position in life to cast judgment on the conditions of life under which others live.
However, if the seller thinks they live in Snobs Hill, I will let the numbers do the talking and set forth correct expectations.
If there is no compelling motivation reason to sell, contracting with a delusional seller will prove frustrating but not necessarily without profit.
3,071,489
902,038
Perhaps through "another's eye"? Perception is... They probably know it already anyway, so to tell them otherwise might jeopardize your credibility.
1,466,257
4,434,177
5,027,876
7,864,108
16,371
Hi Debbie, I think that being honest and telling like it is is best, specially when there are things out of our or the sellers control.
Why does it suck? What is affecting it?
Understanding the 4 stages of neighborhood life - Growth, Stability, Decline, Renewal will help you determine why this subdivision SUCKS.
Assuming is going through a declining phase, I would use things like:
-Your neighborhood is going through some challenges that neither you as the homeowner nor I can control.
-Neighborhood is going through a declining phase.
-There is not enough pride of ownership in your neighborhood.
-The rental % is high in the neighborhood and affecting the look and feel.
-High foreclosure rate.
Finding out the REASON as to why a neighborhood is not at its best is key and letting your seller know the facts about their neighborhood and how it can affect the home's price, DOM, etc is critical and will give a real picture or idea of selling time frame.
3,416,038
Plan 1. Take a ride around. Plan 2. turn on the police scanner. Plan 3. determine how emotional the seller is to not offend them.
853,122
"You might want to come back here at varied times and make some observations". OR "SO... what do YOU think about this neighborhood?". Sometimes just the question will give them insight to move on.
1,553,572
My two go to's
"Let me take my Realtor hat off for a minute, now I'm just a citizen of San Diego chatting here..."
1.It's a great neighborhood, yes; I wouldn't walk my dog at night here personally.
2. It's a great neighborhood, yes; but I wouldn't sell my single sister a home in it personally.
(I do not say anything else or explain why except for data, comps & numbers).
Bonus Comment: Based on the comps, I'd find it to be a challenge to re-sell it when the time comes, and I want to be your listing agent one day, so I'd prefer to resale in a different area with better equity growth.
1,712,776
Either a CMA showing declining values and/or crime reports. The data would speak instead of you.