Now, how many octagonal log homes have sold each month of the past year in your area?
Why did you buy this home?
How many people are moving to Durango who are just like you?
Clearly, there are those who believe price is the cure of all miladies when it comes to selling a house. This however may not be taking into consideration your objectives and the economic (tangible and intangible) assets your home may possess. If possible, a marketing specialist will be able to summarize and promote these assets into a message of 'risk aversion' for the potential buyer.
As revealed by the first three questions, the 'special' buyer for your home will be a rare breed. So rare that you can not chance this buyer escaping your homes appeal. Your real estate agent will discuss with you collaborative as well as affiliate marketing options that are available to expand the workforce who will work on your behalf and expand the projection of your homes availability.
Again, back to the first three questions. Only you can determine the timeline and the impact on you economicly that will occur by waiting for the 'special' buyer. Price, however, can convince the unwilling to consider your home. If you choose to go the 'price war' route, be aware, it's brutal.
You may find it beneficial to research previous answers provided regarding evaluating the success of existing marketing efforts. Never lose sight of the fact that an octagonal log home rarely comes up in any home buyers search criteria.
Wishing you the best of success in selling your home.
If you didn't want to put in the new carpet, you could also consider including a "carpet allowance" for the new buyer to select what they want.
Are you getting any showings right!?! If you do not have good showing activity that is another indicator that you need to lower your price.
I have a listing that closed that started at $550k and in order to finally sell, we dropped to $300k. The sellers were so concerned with making money - then breaking even - then FINALLY with SELLING!!
Hope this helps!
REALTOR, CDPE, The Elite Team
Your Castle Real Estate
You might find these links helpful.
PML of Longmont, CO
720 810 0683
I don't want to sound cruel, but you have to remember that the market doesn't really care if you break even or lose money on the home, all a buyer is looking at is whether or not the home is what he/she wants, and at a price he/she is willing to pay for it. Unfortunately, there are thousands of home sellers, over the past few years, who have sold at a loss, and there are many reasons why they're selling at a loss. The biggest reason is that the home was purchased during the height of the market.
The last piece is that your home sounds unique, and that doesn't always translate into an easy sale. You have to find the exact right person to purchase that home. I know, as I've had my own home on the market for the past 15+ months, as it's unique.
My suggestions: 1. Make sure you're marketing your home in all the right places, including the Multiple Listing Service and other web sites. Make sure your Realtor has virtual tours and many photographs up. This will pique interest in the home. 2. Though I know you don't want to do it, you will probably have to replace the carpet, or at least have it thoroughly cleaned. If it needs replaced, just go ahead and do it - remember that first impressions are the lasting impressions. If a couple walks in and sees frayed carpet, they'll always remember the home as the "home with the bad carpet" not as "the awesome log home!"
Best of luck to you!