Real Estate Information
Home Find a topic Links Guest Book
Welcome

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:

A Bullish Buy in Commercial Real Estate
Barron's - 6 hours ago
By TERESA RIVAS SOME INVESTORS MAY THINK that commercial real estate is a bubble waiting to pop, but a longtime director at Grubb & Ellis (ticker: GBE) has ...
Kojaian Accumulates 2 Million Shares of Grubb & Ellis (GBE) So Far ... StreetInsider.com (subscription)
all 2 news articles


Robert Shiller on the Real Estate Crisis
U.S. News & World Report, DC - 8 hours ago
Henry Blodget has an interesting interview with Yale Professor Robert Shiller on the housing crisis. Watch the video here. Highlights are below: Home price ...


Longtime Real Estate Industry Executive Bob Bill Joins HouseValues ...
MarketWatch - 16 hours ago
today announced that longtime real estate industry executive Bob Bill has joined the company as vice president and general manager of broker services. ...
Longtime Real Estate Industry Executive Bob Bill Joins HouseValues ... CNNMoney.com
Longtime Real Estate Industry Executive Bob Bill Joins HouseValues ... Trading Markets (press release)
Thomas Properties Group Adds Paul Rutter as Executive Vice ... MarketWatch
all 15 news articles


AXcess News: Taking a Byte Out of Canada's Real Estate Market
MarketWatch - 6 hours ago
RENO, NV, Sep 05, 2008 (MARKET WIRE via COMTEX) -- While the US real estate market sits in the doldrums, home sales in Canada are expected to rise 5.3 ...


Arizona Republic

Vehicle found in slaying of real-estate broker
Arizona Republic, AZ - 22 hours ago
5, 2008 12:00 AM Authorities in California on Thursday located the vehicle of a slain Phoenix real-estate broker and detained people found inside for ...
Vehicle of slain Phoenix real-estate broker found in California KSWT-TV
A prominent Jewish activist in Phoenix, Irving Shuman, 84, was ... Jewish Telegraphic Agency
Slain Phoenix broker's car found United Press International
Arizona Republic
all 21 news articles


Report: San Diego Real Estate Undervalued
NBC Sandiego.com, CA - 3 hours ago
SAN DIEGO -- San Diego's real estate market is now undervalued, according to a report from economic and financial analysis company Global Insight. ...
A housing flip-flop San Diego Union Tribune
all 2 news articles


Washington Post Real Estate editor and columnist
Washington Post, United States - 11 hours ago
Welcome to Real Estate Live, an online discussion of the Washington area housing market with Post Real Estate editor Maryann Haggerty and columnist ...
Sales slip in August, but real estate market holds firm overall Canada.com
I got this email from a reader: Boston Globe
all 4 news articles


IDX Broker Customizes and Simplifies the MLS Search on Real Estate ...
PR-CANADA.net (press release), Montenegro - 14 hours ago
IDX, Inc. announces the addition of Mille Fine with Century 21 Advantage Gold to the rapidly growing database of real estate brokers and agents who are ...
Sprucing up your home’s MLS report a good idea Naples Daily News
Custom IDX Search Tools Enrich the Search Experience for Realtor ... PR.com (press release)
all 3 news articles


Report: Real Estate Prices Down by 1.5% in August
PR Web (press release), WA - 16 hours ago
Real-time real estate statistics by Altos Research show the Las Vegas real estate market continues to be the hardest hit in the country. ...
Where Homes Are Selling Fastest BusinessWeek
Asking Prices Resume Downward Trend; Summer’s Glow Gone? Housing Wire
REALTOR® Reports First Dip in Austin Home Prices in 2008 PR Web (press release)
all 6 news articles


Real estate shake-up strengthens consumer's arm
New Zealand Herald, New Zealand - 12 hours ago
Photo / Herald on Sunday In a little over a year, house buyers and sellers ripped off by real estate agents will be able to get up to $100000 compensation. ...
New laws to hold agents accountable Waikato Times
all 2 news articles

Real-Estate - Google News

Home | Guest Book |Site Map | Recommended Resources | Search

Powered By: TJTMEDIA

© 2006
Google