Home Selling in 08863>Question Details

Meghan Donoh…, Both Buyer and Seller in 19083

House on the market for 21/2 months, lots of lookers but no offers.We just reduced the price dramatically. Is it too late to get buyers attention ?

Asked by Meghan Donohue, 19083 Wed Apr 28, 2010

our home?

Help the community by answering this question:

Answers

3
Most MLS computer systems will generate a notice when a listing has had a price reduction. If you reduction was significant enough, it should peek the interest of anyone looking for a home similar to yours. Typically a home need to be reduced atleast 4-5% before it will make a difference, however, I have seen even a few thousand dollar reduction generate new interest in the home.

Best of luck!
Web Reference: http://www.jameswehner.com
0 votes Thank Flag Link Wed Apr 28, 2010
Meghan:

It's never too late to garner the attention of a prospective buyer. Like Anna Brocco said, you should definitely make sure your agent is doing the very best s/he can to price your property in an attractive price, and that the marketing and advertising efforts are first-rate.

Make sure you do your homework as well as a home seller. Request that your agent advertise your property not only here on Trulia, but to the other major online real estate hot spots in order to attract the maximum amount of buyers. Utilize proprietary print magazines? Tell your agent you want your home included in the publication of their magazines to reach the hands of prospective buyers in the local market area. Also, tell your agent never to underestimate the value of Craigslist!

Your home should be clutter free, neat and tidy, and easy to show. Try to make your house as appealing as you can--after all, the prospective purchaser is looking for exactly what you have--a home.

Don't be discouraged by the lack of response from buyers. Just make sure your priced right, your agent is doing their part as a responsible and qualified agent should, and make sure your property is in the best showing condition and available for easy showings. It will sell!

Good luck to you, hope this helps!

Cara Realtors,
Point Pleasant Beach, NJ
Web Reference: http://www.cararealtors.com
0 votes Thank Flag Link Wed Apr 28, 2010
What is your agent advising--If the property is priced on target, coupled with great marketing, you will continue to see interested buyers--make sure the property shows well, is neat, clean clutter free and don't for forget the exterior for curb appeal--keep in mind that a property is worth what someone is willing to pay for it, not what the seller needs or potential buyer can afford to spend.
0 votes Thank Flag Link Wed Apr 28, 2010
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer