Karin Cunningham

The Real Estate Therapist is “IN”!

March 3, 2009 ·  

Real estate therapy for the home buyer, home seller and home owner is a pretty common request these days. Some of the most frequently asked questions start  from what the current value of a home is in order to make a decent offer or sale to how one could lower their property taxes. It’s a different market out there in real estate but there are some interesting things going on!

What is the current value of the home you are placing a bid on anyways? We got Zillow telling us one thing and the seller telling us another! It’s tough to come up with decent comparables in some cases where there hasn’t been a sale in months. We know that the value has dropped but what should we base our offer on? In many cases we have to base the offering price on comparable “active” properties. We have to check how long these homes have been on the market and if they have had any activity! Comparing the “active” homes and their condition, square footage, and location should help determine the current vale of a home in this market. This is also helpful information for people trying to sell.

How can I lower my property taxes? There is buzz all over town about lowering our property taxes and the good thing is, is you CAN! All it takes is filling out one form with the current value of your home compared to the “higher” price you purchased it for along with some handy recent comparable sales that you get from your Realtor. This package is turned in to your county recorders office and put to review. This could save you hundreds of dollars per year!

Lucy

If you enjoyed this post, subscribe to the Author's RSS feed or the Blog's RSS Feed!

Comments

5 Responses to “The Real Estate Therapist is “IN”!”

  1. Jonathan Shaw on March 3rd, 2009 4:39 pm

    Hi Karin,
    I love the concept (and picture). This is an evolving market and there is a lot of confusion for our customers. The knowledgable realtor (theapist) is going to come out on top.
    Jonathan

  2. Brian Boisson on March 4th, 2009 9:59 am

    Karin,

    I agree that our services & skills are more valuable in the current enviornment and we always want our customers to contact us with any concerns or questions before, during and always after the sale.

    Brian

  3. Larry Franzella on March 4th, 2009 11:01 am

    Hi Karin,
    The assistance that you can give to homeowners in difficualt times help create the foundationfor strong lasting relationships. Therapy can be an importqant part of the Realtor’s job.
    Larry

  4. Adam Chinn on March 5th, 2009 10:07 pm

    Great Karin,
    I have actually been asked both of these questions before, most often, “How much should I offer on this house” or “What is my home worth”. Although I do not tell the owner what exact amount I believe the home to be to worth, I do show them the comparable properties and try my best to show them, within a range, what their home is worth. Thanks again,

  5. Jean Joh on March 11th, 2009 1:47 am

    Hi Karin, love the picture! And how true it is that we have a responsibility and the privilege of being able to help people navigate the maze of information that’s out there. Sometimes, being an agent also means being a source of emotional support for our clients, especially when there’s so much negative news out there.

Leave a Reply