Hi-

We are actually going to be looking to buy in Geuga County soon if we can sell our current house (in Eastlake, need some more space & land!). Do you have a link to your home that you can send us?

Thanks
Jason

The decision that you are facing is one that many home sellers are facing. Condition is the key to selling a home today. Your home need to be the the top home in your price range today. In the past 90 days, in the $225,000 to $275,000 price range 2 homes have sold. The really great new is that there are now 4 houses that are either contingent or pending, meaning that there is a good likelihood that these units will close within the next 30 days. So things are looking up.
As a Geauga county resident, I think that some times especially with $4.00 gas-we need to remind people that we're not in the middle of nowhere & that we are convenient to many things.

We just sold a home on Winfield Park and have a Home listed on Westwood, which we just reduced.. Newbury has been slow, even in good markets so you have to be patient and watch the market and reduce as necessary, which is how we sold Winfield. The condition is important and we stage homes to sell as the first impression is the most important. We have been selling in Geauga county for 18 years and love the area.

Hi,
I think Ian hit it right on the head...If your home is priced w/ the comparables, then just below the lowest priced comparable home it should sell eventually. You are going to have to be patient. Given the current lending climate your home seems to be in a good price point. You could also get an appraisal for lending purposes then price the home below the appraised value for lending purposes.

Kind regards, Capt. Mike Foate- By Land or By Sea!

The idea that you need to set yourself apart price-wise is key, I think. It's not likely your house hasn't sold because you're not offering enough money to the buyer's agent, but instead that you're in a bloated market. I'd recommend asking your agent what the current absorption rate is (the amount of time it'd take to sell all of the remaining properties if nothing new came on the market). If that number is at 6 months or more, you're likely in a very bloated market and should consider pricing the home BELOW comparable competition. Set yourself apart for those buyers looking for a deal, and wave at your neighbors as you pull away in the moving truck!

You could possibly offer a higher commission to the co-op agent...

Also, check out my blog I reference.

Reasonable is getting offers...you have to consider the solds in your area, not what people are asking for their homes.

Possibly offer a price 10% below the comparable solds, and $2000.00 towards closing costs...this pulls in Realtors with clients looking for a deal, and also folks maybe lacking just a little money for the closing.

In todays market unfortunately reasonable doesn't cut it. Buyers are looking for a good buy and if your competitiion is plentiful you have to position yourself right in front of the buyer's line of sight. Speak with your Realtor to find out what the trend in your market is and find out how many homes like yours are on the market. Your competition is probably, in this market, one of the most important pieces of info you can have.

Good Luck!

If you are in a slow moving market with more sellers than buyers, you might need to be below reasonable to catch the attention of buyers and secure a contract. When there are many properties available at market price, you have shine. You do that by being the best value for the dollar. You have to offer more value to a buyer than the other competing properites in order to get a contract. If your marketing campaign is aggressive and providing broad exposure, than it becomes price issue.

Depending upon the conditions of your local market, waiting it out might be a long wait that entails more dip before an increase. Review trends, inventory stats, and conditiions with your Realtor.