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Selling Your House - $100,000 Pets
Is your pet worth $100,000? It may be if you don't make accommodations for it when selling your home. A Hundred Thousand Dollar Pet? A house I'd seen with a potential buyer in an attractive neighborhood built around two lakes sold for $100,000 less than was typical for the neighborhood. Do you know what caused it to sell for that much less? A pet. Actually, two pets. I can hear you thinking, "How can that be? Surely she doesn't know what she's talking about this time. How could two pets reduce the sales price of a home by $100,000? Is that even possible?" I understand your skepticism, but it's true. Let me tell you how I know.When I made the appointment for the potential buyer to look at the house, I wasn't told about the presence of pets. We arrived at the house, knocked on the door, and when no one answered our knock, I got out my electronic key to open the box containing a key for brokers to use. While I was doing this, we began to hear some loud barking from large dog or dogs inside the house. The buyer said she did not want to go into the house with "dogs on the loose." I have to admit I wasn't thrilled with the idea either, so we went on to the next house she was considering. She asked me if we could see that house the next day sans pets. I called and made arrangements. The next day we looked at a two story, 5 bedroom, house with a fully finished, walkout basement that supposedly didn't have pets. It was a nice house, but the whole house smelled strongly of pet odors. The furniture in the basement was shredded - truly not too strong a word to use. I've never seen furniture in worse shape. The front of the house was nicely landscaped. The back of the house was a disaster. The door frames and exterior doors were scratched and gnawed. The lawn had beaten paths and patches. There wasn't a flower or a shrub to be seen. The "buyer" couldn't get away fast enough. I later found out the owner of the house had a German Shepherd. The second "dog" was a wolf and shepherd mix. The house stayed on the market longer than typical, the price was reduced several times and the final sales price was $100,000 below what was typical for the neighborhood. Now you tell me, what cost that seller $100,000? Don't misunderstand, I know pets are wonderful. Over time my husband and I have enjoyed living with a German Shepherd, two Siamese cats, assorted adopted stray cats, fancy guppies, gold fish, koi, and various sorts of wounded critters our two sons brought home. Pets enrich your life. They don't enrich the sales price of your home. Take the right steps though, and they won't rob you of any of your equity. Raynor James is with http://www.fsboamerica.org - providing homes for sale by owner, "FSBO", properties. Are you thinking, "Should I sell my home?" Visit http://www.fsboamerica.org/seller.cfm to sell your home sale for free for one month.
MORE RESOURCES: Landmark Settlement Breaks Up the Real Estate Cartel The American Prospect Top real-estate CEO sees decades of housing pain ahead: 'What the Fed did will have a 30-year tail on it' Yahoo Finance Commercial Real Estate's Systemic Threat: Separating Fact From Fiction Commercial Observer Rules that helped set real estate agent commissions are changing. Here's what you need to know The Associated Press Refined Real Estate: Historic Queen Anne Polson House lists for $6,950,000 seattlerefined.com The Realtors' Big Defeat The New York Times Luxury's Latest Battleground: Real Estate | BoF The Business of Fashion Seabold Construction Ties Demise to Dispute with Real Estate Developer Engineering News-Record Local real estate agents face uncertain future with new negotiation rules WJHL-TV News Channel 11 Investigation underway after 44-year-old real estate investor seen on video firing shots off boat docked at Lakeview ... WSVN 7News | Miami News, Weather, Sports | Fort Lauderdale Central Texas housing experts talk impacts from $418M real estate settlement - 25 News KXXV and KRHD Central Texas housing experts talk impacts from $418M real estate settlement 25 News KXXV and KRHD What National Association of Realtors agreement means for Texas real estate KAMR - MyHighPlains.com Rules that helped set real estate agent commissions are changing. Here's what you need to know KXLY Spokane A luxury agent on how the NAR settlement will change his business The Washington Post What Seattle-area homebuyers should expect after national settlement The Seattle Times National lawsuit could shakeup housing market, cut into real estate agent commission 11Alive.com WXIA CrewBaltimore’s mission to accelerate women’s success in real estate Afro American Newspaper Cities Face Cutbacks as Commercial Real Estate Prices Tumble The New York Times Swimmo Invest Opens up a New Chapter in the Real Estate Industry Markets Insider Will March bring more madness to Craven County's real estate market? New Bern Sun Journal Settlement will affect Iowa homebuyers KCCI Des Moines Realtor group will pay $418M to settle commission lawsuits The Associated Press Realtors Reckon With a Seismic Shift to How They Get Paid The Wall Street Journal Once America's Hottest Housing Market, Austin Is Running in Reverse The Wall Street Journal Pension funds snap up real estate at steep discounts Financial Times National Association of Realtors Agrees to Slash Commissions to Settle Lawsuits - The New York Times A commission settlement may affect housing market 9News.com KUSA Israeli real estate event: Legal complaints escalate NorthJersey.com Making Sense of New York's Confusing Luxury Home Market The Wall Street Journal Illinois real estate: Home sales in Peoria, Tazewell, Woodford counties Peoria Journal Star Bay Area Real Estate Executive Charged with Wire Fraud, Identity Theft in Investment Scam - Hoodline What the death of the 6% real estate commission means in D-FW The Dallas Morning News Real estate commissions, unassailable for decades, could crumble after landmark settlement The Denver Post Foreclosures Are Rising—Especially in This One State—but Not for the Reason You Might Think SFGATE Is the Era of the Celebrity Real Estate Agent Over? Industry Reacts to Settlement That Could Slash Commissions Hollywood Reporter China's Real-Estate Market Just Set a Record—but Not a Good One The Wall Street Journal Rules that helped set real estate agent commissions are changing. Here's what you need to know KOB 4 Chicago Voters Face Choice on Tax to Fund Homeless Programs The New York Times Real estate lawsuit settlement upends decades-long policies that helped set agent commissions WQAD Moline Manhattan Real Estate Update westsiderag.com Realtors Reach Settlement That Will Change How Americans Buy and Sell Homes The Wall Street Journal The NAR Settlement's Impact On Commissions And Home Prices Financial Samurai Rules that helped set real estate agent commissions are changing. Here's what you need to know Antigo Daily Journal End of 6% real estate commissions could mean lower home prices The Atlanta Journal Constitution Artis Real Estate Investment Trust (OTCMKTS:ARESF) and Armada Hoffler Properties (NYSE:AHH) Financial Analysis Defense World A Look Into the Future of Home Buyers' Agent Commissions The Wall Street Journal Agent Migration and the Power of New Mike DelPrete National Association of Realtors to cut commissions to settle lawsuits. Here's the financial impact. CBS News Blackstone, World's Top Alternative Asset Manager, Eyes Record Highs Amid Real Estate Bottom Investor's Business Daily Antitrust ruling rocks real estate: Buyers brace for shift in commission structures Straight Arrow News 4 Ways a Settlement Could Change the Housing Industry The New York Times Real Estate Stocks Drop As NAR Agrees to $418 Million Settlement Markets Insider Jill Schlesinger: Real Estate Settlement - My Bellingham Now My Bellingham Now - |
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