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Mon May 12 2008, 12:07 - Takoma Park - Home Buying - 5 answers
 
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Arvind
Home Buyer
in Washington
Arvind, Home Buyer in Washington in Washington
Answers (5)
Show me:  Recent Answers     Oldest Answers     Highest Rated  
 
Rick & Ivy R… was FIRST TO ANSWER
There are factors involved to consider when a home is on the market for 150 days plus. Location,Price,Marketing and Comparables in the neighborhood. Even though your home has been renovated it may not be large enough to command a 700K price in the 20912. Give me a call to discuss further. Visit my website athttp:// www.annettesellsmetrohomes.com Phone- 881 9800 ext 402

Mon May 12 2008, 13:10
Web Reference: http://www.annettesellsmarylandvahomes.com
 
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Hello, The days on market depends on your area. Four items effect the sale of a home, location, condition, marketing and the final item is price. Look at all four and that will tell you what you need to do. If you have other questions please feel free to call me at 410-610-5614. Before you lower the price look at the market in your area if the other three items are fine, then be a little more creative with your marketing.
Mike Benton

Mon May 12 2008, 12:40
 
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According to MRIS statistics for April 2008, homes in zip code 20912 were onthe market an average of 52 days. Average sale price was $422,200. There were 96 single family homes for sale, only 7 are priced over $700,000.

Sounds like this particular house might be over-improved for the area. ?

Mon May 12 2008, 12:35
 
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The market conditions and trends of the area would determine if the days on market are too long or not for any particular house. To determine if it is overpriced or underpriced you need to consult with an appraiser to establish the actual market value and what affect the renovations have on that value. Buyers establish selling price - the market dictates value.

Mon May 12 2008, 12:27
 
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FIRST ANSWER
It's probably price or condition. If the house has been renovated, and the price has been the same for the entire 150 days, the market has spoken...no one is willing to make an offer at that list price.

Rick & Ivy Reed 301-528-REED (7333)

Mon May 12 2008, 12:24
Web Reference: http://www.teamreed.info
 
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