Would you mind providing a little more information? The MLS# would be helpful. I did a search for all properties between 183k-184k but didn't find a townhome in Williamstown listed for $183.5k. Once we have that info, we can give you a better idea based on other sales in your development, recent activity, and our own independent traffic stats for that area to give you an idea how many showings you might expect at each price level based on absorption and demand in your area.
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Listing agent what info. have they supplied you with ?
Busy home buying season April - Aug
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
All of it seems to point to pricing. Have you and your agent evaluated closely the activity in your neighborhood and priced it accordingly? Its important to constantly evaluate your position in the market. Homes listed in your price range at the same time you listed may have significanly reduced their prices, making yours now appear to be way overpriced.
There are other factors like photos, detailed descriptions, property website, open houses and the type and extent of marketing done for you, but being priced properly is the biggest factor in this market.
Recently I reviewed this type of information with one of my sellers when I encouraged him to adjust his price. What I was able to show him was that homes similar to his that had gone under contract or sold since he had listed had reduced their prices an average of 8%, my client had reduced only about 3%, so he was not keeping up with the market.
If I can be of any further assistance, feel free to call/text or email.
Licensed Salesperson in PA & NJ
Put on your buyers hat. Would you buy your townhome at that price? My guess is the first thing you would ask your buyers agent would be where are the deals? In order to stimulate traffic you need to be the leading edge of the prices that are your competition. Several times I have underpriced a property and got multiple buyers submitting their highest and best. Then selling the property for close to list price. Remember you do not have to accept any offers, but also remember you can only sell your property for what the market will bear not for what you want. Have you agent check comps on the most recent sales within the last 90 days and see if you are trending up or down.
Good luck to you,
Unwavering Commitment to Service
How do you compare to the units on the market and the ones that sold? I would have your agent take you to the properties on the market that you are competing with to better understand pricing and other incentives that might be offered on those properties.
How many months of inventory are on the market in your price range ? Also what is the typical list to sell percentage and home many days are properties listed (like yours) before there is a accepted offer.
So there are lots of questions that need to be answered. A price reduciton might be needed and there might be other things needed as well.
Certified Distressed Property Expert
These are signs that you probably should lower the price.... sounds high for a TH in Williamstown, depending on what section your in, but you can compare your competition here.....
A good listing agent should give you ADVICE and GUIDANCE based on your unique situation and based on their YEARS of experience. If you're not getting that, it's time to interview a new agent.
Joe Montenigro REMAX Home Team
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Serving Gloucester Twp, Washington Twp & South Jersey Real Estate Markets
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Best of luck, talk with your agent, sit tight....and best of luck again!
Good luck and Happy Holidays!
RE/MAX Main St. Realty
Keller Williams Realty - Atlantic Shore