Market Wise Q&A column for the SJMN: Should we Sell to the Neighbors or Put the Home on the Market?

Pat Kapowich for the San Jose Mercury News

Q:We are planning on moving and selling our current home. Several neighbors mentioned they would like to purchase our property.  This would make life easy, however, our son insists that we put our home on the open market and have buyers and agents come through it. Does our son have a valid point or should we negotiated with the neighbors and be done with it? 

A: Friends, family and neighbors who buy a property that has not gone on the market, usually get the better end of the bargain.  Now-a-days, with the World Wide web, a seller and their Listing Agent can generate more interest, offers, and a better price as well as terms and conditions.

11-5-11

E-mail questions to Pat at
SiliconValleyBroker@gmail.com

 


 

Pat Kapowich. Broker/Owner
ABR, CRS, GRI & SRES
(408) 245-7700