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My home is for

sale...http://www.trulia.com/property/1052764309-1561-Wenonah-Trl-M…

Its Young built in 1995 and has the most land of any comparable Raised Ranch in the Yorktown area (1.67)acres. I think we have the house over-priced though seeing other raised ranch's in the area. Is land size a big factor?? Should I rethink the asking price??
Mon Apr 28 2008, 09:50 - 10547 - Home Selling - 3 answers
 
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Greg Kappm...
Home Seller
in 10547
Greg Kappm..., Home Seller in 10547 in 10547
Answers (3)
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Karen Benvin… was FIRST TO ANSWER Christopher … received BEST ANSWER
Price, Price, Price is the key factor.
It is hard to compare a home when it has land to residential areas. You need to look at how much land and where you are located ie: close to town or in rurals areas.
That can really influence how much your property will be worth.
Basically, it is the price and your home in comparison with market.

Mon Apr 28 2008, 13:06
 
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BEST ANSWER
Hi, Price is EVERYTHING in this market. Land does make a big difference, alot of people want a yard and space, even if they don't need it. I haven't seen your home so I couldn't tell you how well you are priced. one main thing to keep in mind is try to create the best value in the neighborhood, especially if you have other competing homes. The term market value went out the window the key to sell in a timely manner is 1) the best value and 2) pricing it a little under what you would consider todays market value to be.

Hope this helps.

Christopher Pagli
Associate Broker
Legends Realty Group
914.332.6300 x107
914.406.9023 cell

Mon Apr 28 2008, 10:13
Web Reference: http://www.ChristopherPagli.com
 
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FIRST ANSWER
Yes, Land is a big factor but you will need a more in depth market analysis of your property along with research on the other recently sold homes in your neighborhood.
If you need help - let me know - we also cover your area.
You are very smart to reconsider the asking price - esp in this market - you want to draw the market in - not have them call you "that overpriced" house - rumors travel quickly among the real estate community.

Mon Apr 28 2008, 10:12
 
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