Unfortunately- noone saw this market problem coming. Make sure it is listed on Multiple Listing Service.- you can offer higher % rate for the selling broker. Reduce it until you get an offer. The price is ALWAYS the problem. It is never the condition or the location...it is always the price. The buyers set the market value. It is not what the sellers want- it is what the buyer is willing to pay.

Make sure you have a for sale sign that doesn't look like IT has been abandoned. Keep it straight, put up a new sign-get a gardener (or a kid down the block) to cut the grass-do 1 or 2 OPEN HOUSES and then reduce again-spark activity

Keith-
My realtor is my aunt. She says that not much is selling. She also says that she and her fellow associates just can't figure it out, why it isn't selling. She actually put the price on the home for us. I personally thought it was too high and she wanted to see what would happen. [Trying to help by making us a little extra] I just wanted to sell because I understood how risky two morgages and a bridge loan would be. We started at 179.9k and then I asked to lower it. It went to 169k, now we are down to 155k. Do you think changing the price three times in less than a year can actually put people off?

Beergirl
What does your Realtor say?

How many homes, like yours, have sold in the past year?

The truth is that homes are selling. Assuming competent marketing, with the lowest interest rates in three decades, the ONLY reason a home will not sell is price.

How did you pick the price?

The only real negitive we have gotten is that the yard is too big in town? Almost 1 acre. I try to keep the house as nice as possible for not living there, There are lots of perennials that need attention and maybe that is scary to people. The price is about 10k less than comparable property in the area. Maybe I should drop it another 10k?

Now I have more info...Ask your agent for a BRUTAL evaluation on the situtation. Does any showing feed back come back with a problem you can change? ie. Paint color,carpet etc. If so change it. But remember there's nothing wrong with a house that price won't fix-- If You need it sold, reduce the price.
Sorry.
Debbie