Home Selling in 54401>Question Details

truefriends2, Home Seller in Madison, WI

I have a beautiful home in Wausau that had a market value of $460 a year ago. Today we have it on the market

Asked by truefriends2, Madison, WI Sun Jul 6, 2008

for $385. Does anyone have buyers that have sold homes and are buying in this price range that are relocating to Wausau?

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6
truefriends2
Here's a little info. regarding houses selling in the Wausau, WI area in your price range. In the $460,000 range, one house has sold since Jan. 2009. In the $425,00 to $449,999 range, one house has sold and in the $400,000 to 424,999 range- two houses have sold since Jan. 2009. In the $375,000 to $399,999 range, three homes have sold (your current price range-?-). However, since Jan. 2009, in the range of $350,000 to $374,999 there has been 10 homes sold. Hope this helps in some way to know what is actually selling and the price ranges that are more active.
0 votes Thank Flag Link Wed Sep 16, 2009
Truefriends2-
I hope you home has sold! Let us know if it didn't!
Lana
Web Reference: http://WausauAreaHomes.com
0 votes Thank Flag Link Mon Sep 15, 2008
You said your home had a market value of $460,000 a year ago. According to who? It's market value is what someone is willing to pay for it - not it's appriasal, not what it was compared "comped" at. If it's at $385,000 and it's past a month on the market are you gettting regular showings. If you are getting regular showings but no offers - hang in there. If you are not even getting showings you are overpriced, not being marketed broadly enough, or you need to fix/clean it up. Under most circumstances you can lease it while it's being marketed but tenants can mess up your investment, they can say "sorry, can't show it today" and make it nearly impossible to sell. Consider that by reducing your price you may take a hit BUT when you buy your new home you could recoup that money in what you SAVE on your purchase. Pay the standard commission and don't try to lowball the agents. Someone who can show homes and get 2% or show a home and get 3% will be more inclined to show the one where they will get more compensation. I'm not saying it's right but just as you are trying to make the most money, so is the agent. Also, consider what other points you might be able to negotiate to make your listing more appealing. Have an appraisal done, have a survey done (so the incoming buyer doesn't have the up front costs) Offer a home warranty so they don't have to worry about sinking a lot of money into a home and then not having any to spare if something goes wrong. Hold a "broker open house". Offer a simple lunch, beverage and dessert and have LOTS of AGENTS come over -- your agent should arrange a mass email or fax to every office in the area to announce it. By doing so it becomes more then words on a computer, they can recommend it to buyers based on what they've seen. Have a barbeque and invite the neighbors. Yes, even the ones you don't know. It's amazing how many people WANT to see inside your home but don't want to "bother" you. Make it easy for them. Neighbors sell homes by telling their friends and relatives!!! Make sure your agent has it in every available web site with multiple pictures. Statistics can lie but (supposedly) homes with more then 6 pictures get about 300% more viewings. And feel free to call me, our company is #95 in the country and we do business across the country.
0 votes Thank Flag Link Thu Jul 17, 2008
Not so much, a good place to market that listing is craigslist. Put a for sale add in there and update it weekly until it sells. I have had a couple good responses lately on the more expensive homes from that source.
Good luck,
Rudy McCormick
0 votes Thank Flag Link Thu Jul 17, 2008
Yes I am listed and at first she thought we were listing too low but the market is so bad here. We are moving to Alaska and will be stuck in a two bedrrom apartment until we sell. We are considering leasing the house this fall. But not sure how you can lease to someone and still keep it on the market. We hate the idea of taking it off. We figure that every month that we have to pay both rent and a mortage is hurting us, so we would rather just sell the house. I just don't know what more we can do. We are also offering a bonus to the realtor that brings us a buyer before July 30th.
0 votes Thank Flag Link Sun Jul 6, 2008
WOW sorry to hear the drop do you have an agent that is assisting you? is the house compd correctly? more curious than anything on the compd value If you dont have to sale have you thought about leasing the house out? . Good luck http://www.lynn911.com
0 votes Thank Flag Link Sun Jul 6, 2008
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