Home Selling in 20148>Question Details

Home Seller, Both Buyer and Seller in Myrtle Beach, SC

My home in Ashburn, VA has been For Sale since June 2008. My questions to you are How long is it taking to

Asked by Home Seller, Myrtle Beach, SC Sat Jul 26, 2008

sell homes in Ashburn these days and, If the house does not sell in the next few months, how long should I leave it on the mark? Thank Your for your help.

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I hate to say it, but if your agent is doing the basics, the problem is that you are not standing out as a value. This is a declining market. You will know when you hit the magic price. Look at SOLDS, not asking prices. Do constant CMAs.... and some of my clients suggest burying St. Joseph in your yard. It's a tough market for sellers, and I am sorry about that. The good news is that if you are buying, you get to be on the other end of the deal soon. Hang in there.

Also - you might wish to sign up for a product called Market Snapshot - its on my web site - front page, its free, and you can ask to get updates monthly (default) or more often.
1 vote Thank Flag Link Sat Jul 26, 2008
We really would need a lot more information to go on then what you have given. With days on market so low in Ashburn, there has to be some sort of issue with why your home hasn't sold and there are so many that I can think of that we really need more info to give you the best advice. Give us a buzz with more details so we could better answer your question.
0 votes Thank Flag Link Wed May 23, 2012
If you're home is priced and marketed correctly, it probably would have sold by now. Once a property is priced correctly, it typically sells within about 30 to 45 days. If it's overpriced, it will just sit on the market until you adjust your price to the current market value.

Buyer's and their agents have access to way more than enough information to figure out market value. Buyers will only move forward with the "best deals". To put this in perspective, over 80% of the buyers I've worked with so far this year have put offers on properties that had multiple other offers. All buyers are looking for value and they will jump on a (your) property if it's priced correctly.

A few questions to ask yourself...

1) How many showings have you had?

2) What's the feedback you've been getting from buyers and buyer's agents?

3) Have you seen the comps and objectively analyzed them to determine market value?

4) Does your property have a prominent internet marketing presence?
Web Reference: http://www.LoudounScene.com
0 votes Thank Flag Link Sat Jul 26, 2008
I just sold a house TWICE in Ashburn in less than 75 days. The first contract fell through and we relisted it and had another contract within a week. If your house has been on the market since June you need to talk with your agent about any changes in your neighborhood since your property listed. Relook at the sales that have closed and how does your price and condition compare. Our market is changing rapidly and with the new changes coming in FHA loans you really want to get your home sold now.
Web Reference: http://varealestatetalk.com
0 votes Thank Flag Link Sat Jul 26, 2008
Hi Cherie

It is taking homes around 100 days on average to sell currently in Ashburn. This will vary depending on the price range and neighborhood. I am going to spare you the details of telling you that it must be priced well, marketed well, and show well. Assuming that it meets these criteria and does not sell in the next few months I would possibly consider re-listing it with another agent. Every agent has lost listings, even the best of us, and some times it just takes a different angle.

Here are a couple articles I thought may help you:

0 votes Thank Flag Link Sat Jul 26, 2008
I'm selling my house in Oregon and here's what I'm learning: Realtors will tell you that PRICE (is a MAJOR factor) determines how long it's on the market. True, drop the price enough and ANY house will sell quickly. MARKETING is really serious the realtor's area of expertise or NOT. Are you using a realtor?
I've learned to be VERY PROACTIVE and ask realtors specifically How long are YOUR listings on the market? How many houses have you sold in the last 6 months, last 12 months & get a specific breakdown. What is the comparison on the listed price to the sale price on EACH of their sales....AND how long have they been selling real estate....Statistics can be manipulated but hopefully when they put it in WRITING what they've done they'll be honest. I've learned the hard way, too, that just pay for a home inspection B4 a buyer submits an offer (vs letting THEM pay for it themselves) & get any problem areas fixed b4 there's a pending sale. Also you might check with your state's Realtor Licensing Board & ask if you can get specific stats re: specific agents.....good luck selling.
0 votes Thank Flag Link Sat Jul 26, 2008
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