If you choose to work with a Realtor, you can put this information about an October closing date in your listing contract. If someone wants your house, and they are in the position to wait, they will wait. If you are going to leave the house before October, you can always rent it back to the new buyer. There are usually solutions/ ways around everything.
I agree with Donna who answered before me: do not bother with a small price drop. If you are not willing to reduce by at least $20,000.00, it is not going to matter. Although this may feel like a lot of money to you, in the scheme of a price reduction, it is hardly noticeable.
A better idea: Why don't you just reduce it now and have it on the market now at a lower price? Why wait until your back is against the wall? Drop the price now and get people in there to see it: that is absolutely the name of the game.
I cannot stress it enough: In this market, with so much property for sale, the ony things that will make your property stand out are the location and the price. The longer you hold the property, paying your mortgage and other carrying costs, the more money you will be leaving on the table, as prices continue to drop thru the summer, as they usually do. Get serious about your asking price now and go from there.
I am from your area and I have sold many homes in the abington area in the last few months. I get a lot of clients from abington Hospital that want to stay nearby so abington, roslyn, glenside & upper moreland are areas that i spend a lot of time in.
It is ok to try and sell FSBO, just remember that you have a lot of competition right now and you need to effectively reach the masses to find a quality buyer for your home.
you are dealing with joe homebuyer, do you know if he is ready, willing and ABLE to buy your home? or are they there to waste your time? What i do for my client is start with 1000's of potential buyers, then i begin to work the cream to the top, you only want a qualified buyer walking through your home. Not just anyone!
Please contact me. We can spend a few minutes talking about your goals when selling your home.
I saw your listing and have a few suggestions. 1st, The Pictures you have online show a date of Jan 2004 ! Big No No ! Take better pictures and make them wide angle. Especially the Kitchen and Finished Basement. 2nd, a virtual tour will get you a much higher listing on other websites such as realtor.com. 3rd, In the description area, START with the highlights. like Large Rooms - In-law suite (a biggy)* , end with the Close to shopping and Pub Trans stuff. You want to GRAB their attention. Using a Flat Fee MLS lister as opposed to doing it ALL by yourself is a good choice but still misses the mark from listing with a full service broker. Truth is the vast majority of home buyers have hired a Realtor to find their new home. As everyone has said , granted they are all Realtors, Homes sold with Full Service Realtors sell on avg for 10-15% more than if sold by owner. And maybe even more importantly, Close and with less risk of crashing and burning. And if you hire an experienced Realtor, You get Professional marketing far beyond the three P's (*P*ut a sign in the yard - *P*ut it on the mls - *P*ray it sells !) things Like Call Capture Ads, YOUR HOME on a dedicated web page, Gorilla Marketing, Direct Mail pieces making the community aware that your house is for sale, and on and on......
Feel free to write me if I can help you in any way.
For an example of Professional and Gorilla Marketing , Check out my website and look under Guarantees.
* there is a specific field on the MLS for In-Law suites - and the select group of buyers who need that , search using that field. The way you are listed, they wouldn't ever see your home for sale.
As far as settlement, in the listing description you could write "no settlement before October" or "seller prefers October settlement." In my opinion though, in this market, would you really be willing to forego a sale for the right price if the buyers wanted an August settlement? I personally would not so I do not think you should be quite so steadfast in your settlement desires.
Your home is your biggest asset, but you will not go to a professional? Do you go to a Dentist, or do you pull out your teeth with a plyers?
A Realtor can get you exposure, and thus a higher selling price. It has been proven and published by the National Association of Realtors.
I wish you luck, but when you grow tired of showing your home to potential buyers that are not financially qualified to buy your home, you will probably need to choose a Realtor. When that happens, you should call me, #1 in Bucks County on Active Rain Don Bradbury 215-536-6777 x 329 http://www.bradburyteam.com
I see that you are also thinking of reducing the price in a month or so. Reducing the price may not increase the volume of prospective buyers, but what could is enlisting a Realtor to assist you in marketing you home. This will also insure that your home is priced properly, which should help it to sell quickly and to help to negotiate your settlement requirement.
Further, the statistics show that a FSBO, on average, will sell 10 to 15 percent below what the property would have sold had it been listed with a realtor. So even after the 6 percent commission, you would still be way ahead of the game !!!!!
I can refer you to several strong agents in Abington who have a good pulse on the market. If interested in the referral, you can email me at firstname.lastname@example.org.
Also, feel free to visit our website below for more helpful hints !
Good luck !
The truth is that 86% of owners sellinng without professional representation list with a Realtor.
5% sell to someone they know. 5% sell to someone they don't know.
I suggest talking with three Realtors. HAve them present an Estimate of Seller's Net Proceeds. You run the numbers. Even is you are selling on your own, you will probably have to be a commssion to the Realtor that brings the buyer. So. you are trying to save 2-4% of the purchase price.
Hopefully you'll beat the odds. If you can sell, great. If you cannot, then you'll have a Realtor as your back up plan. BTW, the rule of thumb is that a price reduction should be 5%.
Remember, most buyers use a Realtor. When you bought your home, didn't you use one. Why?
Also, when the time comes to drop the price, unless you're willing to drop it $20K, don't bother. $5 to $10K drop won't make much of an impact.