While I do understand your desire to not pay to sell your home, unfortunately in today's market many people are doing so. If you wind up losing say $20k on this property, consider yourself ahead of the game . . . . I've had seller's lose way more than that just to sell and "get out" from under. Unfortunately the state of the economy today. No need to hold on to a losing investment.
Francesca Patrizio, ePro, SRES
So yes, I think it is very possible that price remains the issue.
By all means ensure that everything else is working well - reflect on the feedback on those showings, be sure your advertising/online exposure is super strong. Make the home easy to show, and inviting for every showing.
Good luck to you. It sounds to me as though you are very close.
Unwavering Commitment to Service, Unsurpassed Results
I tell my sellers when there are showings and no offers that the buyers think you are overpriced. Have your agent do some homework and find out what the buyers are thinking. Showings are a good thing, if you are getting the feedback to help you sell.
Selling usually boils down to price. Bottom line, when a house is priced well it will sell and it will sell quickly. Especially at your pricepoint!
negotiate somewhat, and then there will be an inspection which may bring up some other issues, hopefully not, but one never really knows.
So make sure your bottom line is really your bottom line.... and then the question of pricing is irrelevant
to you because that is what you need to cut even....
THEN you need to sit down with your Realtor and put on your creativity hats:
There is much a Seller can do and that with support and ideas from your Realtor....
Make changes to the homes interior and may be exterior, sometimes it is as simple as putting some en vogue colors on some walls, sometimes just one wall in a few rooms to save money.
move around furniture or even remove some, have your Realtor get the help of a professional stager, to set up furniture in a different way, and may be remove some and bring in some new
may be remove curtains, and replace by blinds, we here do not know your home, but anything
that can help to show your home on the NEW photos and may be you have to hire a professional photographer to get the best photos and then have your Realtor market your home everywhere on
the internet...... encourage Realtors to come to a brokers open to see your home in a new light.
Hope this helps
Edith YourRealtor4Life & Chicago and Northern Illinois Expert
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Price is usually the main factor in selling a home however, your price reduction has at least brought you some buyers. That is a good sign, but still NO offers? Many other factors come in to play as well, location condition, upgrades, windows, roof, heating and air conditioning.....
I tried to do a search in our MLS system under Freehold and Freehold Twp, I did not come up with any current listings priced at either 268 or 285.
Talk to your agent, LISTEN to your agent, what does he/she have to say?? What are similar homes selling for in your area? The condition of these homes? The time frame that they are selling?
If I can be of any other help, please feel free to reach out
Peninsula Realty Group
Next, trade it for something neutral, like a vacant lot. Vacant lots are harder to sell than a house. Have your Realtor prepare a list of all the vacant lots listed within 50 miles of your house, then call every listing Realtor and ask if the owner of the lot would be interested in trading for your house. If your Realtor has time to make the calls you may have the wrong agent or there arenâ€™t many listings. If the other Realtor says there is interest have your agent call them. Good luck,
NMLS # 6395
Financing Kentucky One Home at a Time
This is complex situation.
#1. Have you signed a limited service agreement or working with a Flat Fee broker? If you have you need to reconsider.
#2. What is the number of sales in your community of homes just like yours?
#3 Home many homes are for sale, just like yours?
#4. Where are homes, just like yours, selling in the greatest volume?
#5. What is the current distressed or potential distressed profile?
Based on the sales data you can extrapolate the amount of activity your home should get.
Based on your 'rank' in competing homes, you should anticipate when an offer should be received.
Based on the condition of your home compared to competing homes, verify you are using the right STRATEGY in pricing and marketing. (Beauty pageant, price war, time urgent)
NOTE: Give thought to proactive offers.
Your multi-dimensional real estate professional should review with you the three most common marketing strategies to selling your home. These strategies require you to trust the DATA and have faith in the professional you have hired. Second guessing or ignoring the data results in a 'career' listing. No one likes that.
Finally, Price cures all issues, but the seller takes it on the chin EVERY TIME! Reducing the price WITHOUT doing proper analysis is the lazy agents marketing strategy. Often their ONLY marketing strategy.
Best of success to you,
Annette Lawrence, Broker/Assocate
Remax Realtec Group, Palm Harbor, FL
It is most likely price. Have your Realtor do a Comparative Market Analysis (CMA) using SOLD comps within a 1 mile radius of your property (the closer, the better) that have SOLD within the last 3 months (6 months at the most). This will give you current market value.
we are at 2003 prices unless you have done a lot of improvements. you agent shold be able to show you comparable sales so you know you are priced right.
Since you are getting showings but no offers it is most likely price but staging your home could help too.