A skilled real estate professional finds the answers to today’s property questions.

The most asked question today is what will it take to sell my property without taking a loss?

First I would question what you intend to do after the sale. Are you planning on buying another property? Or are you selling to leave the area completely? In the first case you are trading equity, when selling now and buying now you’re sale and your purchase is being done in the same economic climate. In other words if you are selling for less than you want, remember the property you plan on buying is in the same boat as you, and it’s likely that it is going to go for a similar discount (or below prior market value) as yours did. Another solution that we have worked out for sellers is a direct trade, when two seller own different types of property and they are seeking each others as their ultimate replacement. We have had a land owner who wished to own a condo with amenities and an on site management company to care for the property as this buyer was out of state, and matched this property with a condo owner who was looking for a retirement home but had needs that required him to build a custom structure. In this case the condo was a lower value than the land so the land owner received a deed to the condo plus the additional money to off set the price difference.
When forced to sell now and not be replacing the property you are really at the value of the market and by definition that is what a buyer is willing to pay for it today.

Let Alpine Lakes Real Estate help you with creative real estate solutions. We look beyond the obvious to get our sellers the best results.