Well, After looking into it, we have lowered the price to 349,900 and took away the cc assistance, we could still offer it, but waiting for an offer first. The house is located in Cron Point Estates off of South mills road. It has 3 acres in a well established neighborhood. We do have a real estate agent. We'll see, i guess we'll have to tough it out.

Tue May 20 2008, 06:23

I am very familiar with the Moyock market and there are a lot of nice homes in the area and sellers offering properties with great incentives. You have a tough market. I have found that offering incentives does not attract buyers. Offering your home at market value and great marketing will sell your home. Home warranties and closing assistance are great negotiating tools, but you really need to be sure your home is priced to sell and marketed well. If you are working with an agent, I would encourage you to revisit what has recently sold in the area (past 4 months), current competition, and marketing strategy. If you are not working with an agent, feel free to call me and we can discuss your home....Let me know where it is and I will try to bring you a buyer!

Mon May 19 2008, 11:53

Thanks for the info Larry, we are offering a 1 year home warranty upon closing... I might discuss with my wife and talk about dropping it to 349,000.

Thu May 15 2008, 10:17

Mike,
If you are at 359K then I would drop it the 10K and then you can come in the search results for 350K. You also might want to consider a home warranty. That is always a plus for any resale. It takes some of the pressure of the unknown off of the buyers.

Thu May 15 2008, 10:09

It is hard but it will all work out!!!!!!! Good luck to you too. See if you can rent it out for a year!!!!!!

Thu May 15 2008, 09:54

i totally understand. Good luck to you guys in finding a home.

Thu May 15 2008, 09:32

I am sorry but our budget is 250,000 and not one penny more. Your house is great but out of our range for what we are trying to do. Maybe you should rent it out for a year and see if the market changes and then sell your house. When it is a buyers market whatever you list it for they will offer WAY less. We put a bid on a house in Port Norfolk and the counter was just under what they were asking so we didn't counter that we just removed our offer all together. This is just a really bad time to be selling for us we alot of wiggle room in our house but for you it sounds like you don't so I wish you much luck!!!!

Thu May 15 2008, 08:38

On a side note: Anna, Would you be interested in taking a look at the house, its in a GREAT school district and has 3 acres of space. Shoot me an email and I could send you some details. michaelbarron@live.com. We definitely could work out a deal if interested. I just got a great job in Richmond, that is the only reason we are leaving. We really do love it down here.

Thu May 15 2008, 08:22

Thanks for all the advice guys. The reason we offered the Home Depot card is that our land is 3 acres and we though maybe someone would see that and say, "Well we'd have to spend 2K on a Riding Mower" we though that would help. It is currently listed at 359K. I'll talk with my wife and bring the ideas you all broughtup. The gas card sounds like a great idea.

Thu May 15 2008, 08:19

My Husband and I are looking for a home in Moyock and we are looking for the BEST DEAL. We dropped the price of our home in VA Beach which is in a GREAT are with the best school to sell it and we dropped our price quite a bit to sell it. So my advice to you is to drop the price and yes by more then 5,000 thats just not enough and it also depends on how bad you want to sell it. I agree the HD card not good, cc ass. is great but lower the price people want to pay less!!!!!!!!!!!! I am a buyer so I know, I am not the agent.

Thu May 15 2008, 07:47

Mike,
Don has a good idea. You have to find their trigger. What is going to make them pull the trigger and buy. Of course not knowing about the listing it is hard to comment on what you could offer. The Home Depot card is for why? Is there work that needs to be done to the home? Mike I do not know the home or the listing but, if nothing else split the difference drop your price 5K and offer a home warranty. There are alot of nice homes for sale in your area. There seems to be alot of new construction also. So depending on the price range you are in you have to think of the break point on the $ searches. For example, say 499,990 just below 500K. So your 10K offer the only problem is that yes you are giving it back but, A) you are paying a commission on the purchase price. B) it is obviously not working. Your home may not be getting the views just because of the price.

Hope this helps

Larry Story
Coldwell Banker Triad

Wed May 14 2008, 19:05

You've got to figure out what your buyers want most, and that means both analyzing the market and experimenting--offering different "carrots" and see who bites at what.

Here's another idea: With gas prices around $4.00 a gallon, why not offer "Free Gas For A Year!"? You'd put a cap on it, but do the calculations: If someone drives 20,000 miles a year and their car gets 20 mpg, then they'll use 1,000 gallons of fuel a year. At $4.00 a gallon, that's $4,000. Even if they drive a lot (30,000 miles a year) and they only get 15 miles to the gallon, that's 2,000 gallons of fuel a year. At $4.00 a gallon, that's $8,000. At $5.00 a gallon, that's $10,000.

To do the specific calculations, you find out when they bought the car, then look at the odometer. That'll give you miles per year. Then go to http://www.mpgbuddy.com/ or one of the many other sites out there to figure out the vehicle's mpg.

Then you escrow the amount, and every month send your buyer a check (or a gas card) for 1/12th of the annual fuel cost for their vehicle.

You might even be able to generate a little local publicity with the offer. "Local Homeowner Offers Free Gas With Purchase Of Home."

Never hurts to be creative!

Good luck.

Wed May 14 2008, 15:44

This would depend on your buyers needs and if you find a buyer(which most are) that is credit rich and cash poor this would get them to close the deal a lot easier and quicker.

Wed May 14 2008, 11:36