Posted by
admin on May 5, 2010 in
Editorial
That’s the question I tend to ask when I come across a listing with no photos and/or no public remarks/description.
Now, right from the outset let me say that I see a large amount of listings each and every day. I do this as a part of my real estate business. Besides completing CMA’s for prospective customers/clients, search out homes for my buyers, prepare potential properties for my expired listing marketing campaign, I also complete 5-7 BPO’s for lenders each day. For all of those I have to research acceptable comps and therefore I need to view the listings in the general vicinity of the subject properties. With that said, I have lost count of the number of listings I have seen that have been on the market for over 90 days and have no photos of the property at all. Also, in some cases there has been no description, at any level, of the home. How are you trying to market the property? I can see that there may not be any photos after 6-8 days after getting the listing. You intend to go back and take photos during better weather or give the home owners a opportunity to properly stage the home. But after 90 days, you should at least have a photo of the exterior of the property. What is the listing agent thinking? That buyers will be interested in seeing the property just out of curiosity? I doubt it. Buyers feel if there are no photos showing any aspect of the home that it probably isn’t worth even viewing. Leave out interior photos and they will presume that the interior is in such bad shape that the listing agent didn’t want to scare off the buyers. So, they move onto other listings.
As for the lack of property descriptions, I just don’t understand this. The listing agent has been in the home. They had to be in there to make their presentation as to the market price and their marketing plan, so why not just pit down some basic information about the home…a verbal narrative of what the buyer can expect to see when they view it, highlights of the key areas of the house. I don’t know which is worse, have a blank and empty public remarks/description section or stating “Property description to follow” still showing after over 90 days on the market.
As a professional marketer and businessman, it sets my teeth on edge whenever I see such listings. The listing agent took the time to make their presentation to the home owner, establish an agreed to marketing price, and then had the home owner to sign a listing agreement. For what? To have the home owner’s home wallow on the market with no activity and a very slim chance to sell? These agents are my colleagues, my competitors, and I wish they’d find another line of work. They are tainting the market for the rest of us. We have to follow behind them and apologize for their lack of skills, knowledge, and professionalism.
Now I start wondering if the property listing has no photos and/or description then how does the listing agent expect to market and sell the home? I’m left with one conclusion. Price. If you price something low enough you will definitely get lots of interest regardless of the property condition. But the days of overpaying on homes is over. Under pricing a home just to generate interest is not doing your home owner any favors. Buyers still remember what happened during the last real estate “boom” when people over-paid on homes, made offers over the asking price. They remember the end results of people who have a home that is now valued at less then what they owe. So, why would buyers want to pay over the asking price, even if it is considerably less then where it should be? The listing agents aren’t home marketers because they aren’t properly representing the home owners or giving a true picture of the home being sold. In the last year the actual sold price vs. asking price has been less then 95%:
1. Camden County - avg. actual sold price was 89% of the avg. asking price
2. Burlington County - avg. actual sold price was 90% of the avg. asking price.
3. Gloucester County - avg. actual sold price was 90% of the avg. asking price.
4. Cumberland County - avg. actual sold price was 91% of the avg. asking price.
So, you’ll note that the average price that a property sold for was less then the average asking price. The actual sold prices are NOT 100%+ of the asking price. Then why market via price only? The listing agent isn’t doing their client any favors.
Real professionals look out for their client’s best interest and make a point of knowing the market area and what it takes to insure that the property is sold at the optimal price. As important as price is, proper presentation and promotion is just as important.
Terry Iwaniw | Create Your Badge

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Tags: home listings, homes for sale, listing agents, listing photos, MLS listings, no photos
Posted by
admin on Jan 12, 2010 in
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Take Advantage While You Can – 61 Tailor Ln, Sicklerville – Ref#: IE5640776. If ownership is your plan, then come see this 2024-SF HUD owned townhouse on 0.04 acres in Wilton’s Corner. Has 3 bedrooms, 2.5 bathrooms, dining room, casual living room with carpeting, family room, sunny kitchen with laminate countertops, sliding glass doors, deck, patio, front porch, 1-car garage. All properties are sold in ‘As Is’. Please call Terry for more information.
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Moving On Up – 1100 Beechwood Dr, Atco – Ref#: IE5630276. Make the next big step in this 2-story 4-bedroom/2.5-bath HUD owned home on 0.46 acres in Atco. This comfortable floor plan delivers a traditional dining room, relaxing family room, casual living room with carpeting, fireplace for winter days, laundry with w/d included, kitchen with dishwasher, electric range, refrigerator, pool, deck, porch, 1-car garage, fenced yard, patio.All properties are sold in ‘As Is’. Please call Terry for more information.
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No Place Like Home – 933 Ladner Ave, Gibbstown – Ref#: UI5622846. Enjoy a comfortable lifestyle in this 5-bedroom/1.5-bath HUD owned Colonial home on 0.44 acres in Gibbstown. Great features include a casual living room with carpeting, dining room, sunny kitchen with laminate countertops, double sinks, basement laundry, in-ground pool, 1-car garage. This 1,965 sq ft home is only a short drive to I-295. All properties are sold in ‘As Is’. Please call Terry for more information.
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Get Out Of That Lease – 12 Pritchard Ln, Sicklerville – Ref#: UI5637726. And into your own 4-bedroom/2-bath vinyl-siding home in Sicklerville. This convenient floor plan delivers an inviting family room with stone fireplace, master suite with separate shower, gracious dining room, engaging living room with carpeting, captivating kitchen with dishwasher, laminate countertops, gas range, second-floor laundry, fenced back yard for energic toddlers, 2-car garage. All properties are sold in ‘As Is’. All information deemeded and should be independently verified. Please call Terry for more information.
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The American Dream – 35 Colgate Rd, Atco – Ref#: UI5622828. Starts with homeownership. Come see this 2-story HUD owned Colonial home in Ivystone Farms. Features include 4 bedrooms, 1.5 bathrooms, warm family room, casual living room with carpeting, traditional dining room, sunny kitchen with laminate countertops, dishwasher, first-floor laundry, 1-car garage. Only a short drive to Route 73 or WHP (Route 30). All properties are sold in ‘As Is’. Please call Terry for more information.
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Terry Iwaniw
============================
REALTOR Associates
ReSales & Investment Realty, LLC
http://www.sellmysnjhome.com
http://www.terryiwaniw.com/
http://snjrealestate.ning.com/
Cell: 609-417-1086
Office: 856-795-3111 x263
============================
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Tags: homes for sale, HUD owned homes, hud owned homes for sale, real estate for sale
Posted by
admin on Dec 13, 2009 in
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for sale

4 Bedroom, 2.5 Bath 2 Story HUD Owned Single Family Home (IE5630276)
Location: Maple Glen
Make the next big step in this 2-story 4-bedroom/2.5-bath HUD owned home on 0.46 acres in Atco. This comfortable floor plan delivers a traditional dining room, relaxing family room, casual living room with carpeting, fireplace for winter days, laundry with w/d included, kitchen with dishwasher, electric range, refrigerator, pool, deck, porch, 1-car garage, fenced yard, patio.All properties are sold in ‘As Is’. Please call Terry for more information.
Information
Contact Information
Terry Iwaniw
Direct: 609-417-10
Office: 856-795-3111 x263
Pricing
Price: $215,000
Additional Pricing Information: HUD requires deposit at time of offer.HUD requires proof of funding or mortgage pre-qual at time of offer.Contact agent to request Property Condition Report.
Property Location
1100 Beechwood Dr
Atco, NJ 08004
View Map
Features
Bedrooms: 4
Bathrooms: 2.5
Year Built: 1979
Subdivision: Maple Glen
Lot Size: 20088
Garage Size: 1
School District: Wateford Twp
Square Footage: 2215
Agent Name: Terry Iwaniw
Broker: R & I Realty, LLC
MLS #: 5630276
HUD will allow escrow for repairs: Yes
Will qualify for FHA loan w/o repairs: No
Deposit required with offer: $1500
Attributes
Appliances
Range/Oven
Full Refrigerator
Washer/Dryer
Dishwasher
Exterior Amenities
Patio
Swimming Pool
Grass Lawn
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Tags: atco homes for sale, homes for sale, homes for sale in atco, homes for sale in camden county, homes for sale in waterford twp, hud owned homes for sale, single family home for sale
Posted by
admin on Dec 13, 2009 in
Listing,
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4 Bedroom 2.5 Bath 2 Story Home For Sale in Atco (UI5622828)
Location: Ivystone
A large 3 Bedroom 2.5 Bath HUD owned twin/duplex home has a fireplace, sliding glass doors leading out to the patio, a fenced yard on a corner lot. This home has a kitchen with a breakfast area, 1 car garage, spacious living room with a fireplace, master bedroom with its own bath, and dining room.
Information
Contact Information
Terry Iwaniw
Direct: 609-417-10
Office: 856-795-3111 x263
Pricing
Price: $165,000.00
Additional Pricing Information: ALL PROPERTIES ARE SOLD IN ‘AS IS’ CONDITION.SELLER MAKES NO REPRESENTATIONS OR WARRANTIES CONCERNING THE CONDITION OF THE PROPERTY AND DOES NOT GUARANTEE THAT THE PROPERTY IS FREE OF HIDDEN OR VISIBLE DEFECTS. BUYER IS RESPONSIBLE TO TAKE ACTION TO SATISFY HIMSELF THAT THE PROPERTY IS IN A CONDITION ACCEPTABLE TO HIM. SELLER WILL MAKE NO REPAIRS. BUYER IS ENCOURAGED TO HAVE A HOME INSPECTION TO IDENTIFY ANY DEFECTS.
Features
Bedrooms: 4
Bathrooms: 2.5
Year Built: 1964
Subdivision: Ivystone
Lot Size: 20400
Garage Size: 1 car
School District: Waterford Twp
Square Footage: 1720
Agent Name: Terry Iwaniw
Broker: R & I Realty, LLC
MLS #: 5622828
HUD will allow escrow for repairs: No
Will qualify for FHA loan w/o repairs: No
Deposit required with offer: 1500
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Tags: homes for sale, homes for sale in atco, homes for sale in camden county, homes for sale in waterford twp, single family home for sale
Posted by
admin on Dec 13, 2009 in
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3 Bedroom 2.5 Bath Bi-Level Home For Sale (IE5616622)
Location: Woodshire Mews
Experience the value of ownership at this HUD owned bi-level home on 0.20 acres. Features include 3 bedrooms, 2 bathrooms, casual living room with carpeting, relaxing family room, tasteful dining room, finished, walk-out basement, laundry with w/d included, open kitchen with dishwasher, garbage disposal, laminate countertops, gas range, microwave, some appliances, home office on lower level, deck, off-street parking, fenced back yard for the pets, sliding glass doors. All properties are sold in ‘As Is’. Please call Terry for more information.
Information
Contact Information
Terry Iwaniw
Direct: 609-417-10
Office: 856-795-3111 x263
Pricing
Price: $135,000.00
Additional Pricing Information: ALL PROPERTIES ARE SOLD IN ‘AS IS’ CONDITION.SELLER MAKES NO REPRESENTATIONS OR WARRANTIES CONCERNING THE CONDITION OF THE PROPERTY AND DOES NOT GUARANTEE THAT THE PROPERTY IS FREE OF HIDDEN OR VISIBLE DEFECTS. BUYER IS RESPONSIBLE TO TAKE ACTION TO SATISFY HIMSELF THAT THE PROPERTY IS IN A CONDITION ACCEPTABLE TO HIM. SELLER WILL MAKE NO REPAIRS. BUYER IS ENCOURAGED TO HAVE A HOME INSPECTION TO IDENTIFY ANY DEFECTS.
Property Location
2809 New Brooklyn Erial Rd
Sicklerville, NJ 08081
View Map
Features
Bedrooms: 3
Bathrooms: 1
Parking Spaces: Driveway
Year Built: 1992
Subdivision: Woodshire Mews
Lot Size: 8625
School District: Black Horse Pike Regional
Square Footage: 1108
Agent Name: Terry Iwaniw
Broker: R & I Realty, LLC
MLS #: 5616622
HUD will allow escrow for repairs: Yes
Will qualify for FHA loan w/o repairs: No
Deposit required with offer: 1500
Attributes
Appliances
Range/Oven
Full Refrigerator
Washer/Dryer
Dishwasher
Microwave
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Tags: homes for sale, homes for sale in camden county, homes for sale in erial, homes for sale in gloucester twp, single family home for sale
Posted by
terryriw on Dec 13, 2009 in
Listing,
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5 Bedroom 1.5 Bath Colonial Style Home for Sale in Gibbstown (UI5622846)
Location: Gibbstown, NJ
Enjoy a comfortable lifestyle in this 5-bedroom/1.5-bath HUD owned Colonial home on 0.44 acres in Gibbstown. Great features include a casual living room with carpeting, dining room, sunny kitchen with laminate countertops, double sinks, basement laundry, in-ground pool, 1-car garage. This 1,965 sq ft home is only a short drive to I-295. All properties are sold in ‘As Is’. Please call Terry for more information.
Information
Contact Information
Terry Iwaniw
Direct: 609-417-10
Office: 856-795-3111 x263
Pricing
Price: $150,000.00
Additional Pricing Information: ALL PROPERTIES ARE SOLD IN ‘AS IS’ CONDITION.SELLER MAKES NO REPRESENTATIONS OR WARRANTIES CONCERNING THE CONDITION OF THE PROPERTY AND DOES NOT GUARANTEE THAT THE PROPERTY IS FREE OF HIDDEN OR VISIBLE DEFECTS. BUYER IS RESPONSIBLE TO TAKE ACTION TO SATISFY HIMSELF THAT THE PROPERTY IS IN A CONDITION ACCEPTABLE TO HIM. SELLER WILL MAKE NO REPAIRS. BUYER IS ENCOURAGED TO HAVE A HOME INSPECTION TO IDENTIFY ANY DEFECTS.
Property Location
933 Ladner Ave
Gibbstown, NJ 08027
View Map
Features
Bedrooms: 5
Bathrooms: 1.5
Year Built: 1939
Lot Size: 19215
Garage Size: 1 car
School District: Paulsboro
Square Footage: 1965
Agent Name: Terry Iwaniw
Broker: R & I Realty, LLC
MLS #: 5592059
HUD will allow escrow for repairs: No
Will qualify for FHA loan w/o repairs: No
Deposit required with offer: 1500
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Tags: homes for sale, homes for sale in gibbstown, homes for sale in gloucester county, single family homes for sale
Posted by
terryriw on Dec 13, 2009 in
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for sale

Invest In Your Future! 2 Bedroom, 1.5 Bath Cape Cod Home For Sale (IN5616665)
Location: Westside
Invest in your future with the purchase of this HUD owned Cape Cod 2-bedroom/1.5-bath home in Haddon Heights. Features include a relaxing family room with fireplace, intimate living room with carpeting, open kitchen with some appliances, gas range, laminate countertops, basement laundry, possible 3rd bedroom second floor, in-ground sprinkler system, New EP Henry pavers and wall, security system with automatic dial-up, water softener and newer hot water heater. Property is sold in ‘As Is’ but is in move-in condition. Close to NJ Turnpike, Interststate 295 and short drive to Walt Whitman Bridge into Philly. Please call Terry for more information.
Information
Contact Information
Terry Iwaniw
Direct: 609-417-10
Office: 856-795-3111 x263
Pricing
Price: $169,200
Additional Pricing Information: ALL PROPERTIES ARE SOLD IN ‘AS IS’ CONDITION.SELLER MAKES NO REPRESENTATIONS OR WARRANTIES CONCERNING THE CONDITION OF THE PROPERTY AND DOES NOT GUARANTEE THAT THE PROPERTY IS FREE OF HIDDEN OR VISIBLE DEFECTS. BUYER IS RESPONSIBLE TO TAKE ACTION TO SATISFY HIMSELF THAT THE PROPERTY IS IN A CONDITION ACCEPTABLE TO HIM. SELLER WILL MAKE NO REPAIRS. BUYER IS ENCOURAGED TO HAVE A HOME INSPECTION TO IDENTIFY ANY DEFECTS.
Property Location
2031 Maple Ave
Haddon Heights, NJ 08035
View Map
Features
Bedrooms: 2
Bathrooms: 1.5
Parking Spaces: Driveway
Year Built: 1948
Subdivision: Westside
Lot Size: 6250
School District: Haddon Heights
Square Footage: 1508
Agent Name: Terry Iwaniw
Broker: R & I Realty, LLC
MLS #: 5616665
HUD will allow escrow for repairs: No
Will qualify for FHA loan w/o repairs: Yes
Deposit required with offer: 1500
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Tags: camden county homes for sale, homes for sale, homes for sale in haddon heights, single family home for sale
Posted by
admin on Oct 11, 2009 in
Marketplace,
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for sale

3 Bedroom Ranch Style Home For Sale in Marlton
Location: Heritage Village
HUD owned 3 bedroom, 1 Bath Ranch style home located in Heritage Village eat-in kitchen, 1 car attached garage, central A/C, gas heat and cooking, hardwood floors, built on a concrete slab. Easy access to Routes 70 & 73 for connection to major highways. Evidence of mold.
Information
Contact Information
Terry Iwaniw
Direct: 609-417-1086
Office: 856-795-3111 x263
Pricing
Price: $185,000
Additional Pricing Information: ALL PROPERTIES ARE SOLD IN ‘AS IS’ CONDITION.SELLER MAKES NO REPRESENTATIONS OR WARRANTIES CONCERNING THE CONDITION OF THE PROPERTY AND DOES NOT GUARANTEE THAT THE PROPERTY IS FREE OF HIDDEN OR VISIBLE DEFECTS. BUYER IS RESPONSIBLE TO TAKE ACTION TO SATISFY HIMSELF THAT THE PROPERTY IS IN A CONDITION ACCEPTABLE TO HIM. SELLER WILL MAKE NO REPAIRS. BUYER IS ENCOURAGED TO HAVE A HOME INSPECTION TO IDENTIFY ANY DEFECTS.
Features
Bedrooms: 3
Bathrooms: 1
Year Built: 1961
Subdivision: Heritage Village
Lot Size: 10890
Garage Size: 1
School District: Evesham Twp
Square Footage: 1025
Agent Name: Terry Iwaniw
Broker: R & I Realty, LLC
MLS #: 5592045
HUD will allow escrow for repairs: No
Will qualify for FHA loan w/o repairs: No
Deposit required with offer: 1500
Attributes
Appliances
Range/Oven
Full Refrigerator
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Tags: homes for sale, homes for sale in burlington county, homes for sale in heritage village, homes for sale in marlton, HUD owned homes, hud owned homes for sale, ranch style home for sale in marlton, real estate for sale in burlington county, real estate for sale in southern nj
Posted by
admin on Oct 11, 2009 in
Marketplace,
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3 Bedroom 3 Story Townhouse For Sale in Wilton’s Corner (IN5606851)
Location: Wiltons Corner
This HUD owned 3 bedroom, 2 1/2 bath 3 story townhouse is ready to move in. It is located in Wilton’s Corner and it has a large livingroom, with a dining area and large eat-in kitchen, there is a deck off of the lower lever family room in the full finished basement that has a gas fireplace with marble hearth, and a mater bedroom with its own master bath.
Information
Contact Information
Terry Iwaniw
Direct: 609-417-1086
Office: 856-795-3111 x263
Pricing
Price: $175,000
Additional Pricing Information: ALL PROPERTIES ARE SOLD IN ‘AS IS’ CONDITION.SELLER MAKES NO REPRESENTATIONS OR WARRANTIES CONCERNING THE CONDITION OF THE PROPERTY AND DOES NOT GUARANTEE THAT THE PROPERTY IS FREE OF HIDDEN OR VISIBLE DEFECTS. BUYER IS RESPONSIBLE TO TAKE ACTION TO SATISFY HIMSELF THAT THE PROPERTY IS IN A CONDITION ACCEPTABLE TO HIM. SELLER WILL MAKE NO REPAIRS. BUYER IS ENCOURAGED TO HAVE A HOME INSPECTION TO IDENTIFY ANY DEFECTS.
Property Location
57 Wagon Wheel Sicklerville, NJ 08081View Map
Features
Bedrooms: 3
Bathrooms: 2.5
School District: Winslow Twp
Square Footage: 1160
Agent Name: Terry Iwaniw
Broker: R & I Realty, LLC
MLS #: 5606851
Will qualify for FHA loan w/o repairs: Yes
HUD will allow escrow for repairs: No
Deposit mount required at time of offer: 1500
Attributes
Appliances
Range/Oven
Full Refrigerator
Washer/Dryer
Dishwasher
Sink Disposal
Microwave
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Tags: camden county homes for sale, homes for sale, homes for sale in camden county, homes for sale in sicklerville, homes for sale in Wiltons Corner, real estate for sale, south jersey real estate, townhouse for sale, townhouse for sale in sicklerville, townhouse for sale in wiltons corner, townhouses for sdale in camden county