Home Selling in 12571>Question Details

SKE, Home Seller in 12571

Our house has been on the market for almost a year. Since April, we barely had anyone look at the house.

Asked by SKE, 12571 Sun Jul 6, 2008

Is this normal in today's market? Any advice or suggestions?

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7
Gail Gladstone’s answer
Although you must truly be aggressively priced, if the word is not getting out, it might as well be written on a blackboard in your kitchen.

There are dozens and dozens of websites your property should be marketed on once it is priced correctly.

Buyers always talk to us....if the house is overpriced, they will not come to see it. If you are getting a lot of showings but no offers, you are closer, but no cigar.

Go on the internet and see what the buyers are looking at on line (that's where they spend the first 6 days before going to any house). Put your buyer's hat on...would you look at your house after seeing what else is out there to buy and at what price?
1 vote Thank Flag Link Sun Jul 6, 2008
There are many factors that can affect the sale of your home. The most common cause is the price. Sometimes the agent will suggest lowerng the price put gets resistance from the seller. It is important to know what is selling in the area, so you should view the monthly market report. This is information I provide to the public monthly. Right now there are over 70 listings on the market and few sales. Keep in mind that buyers are also having a hard time coming up with downpayment therefore incentives to a buyer could be another consideration. You might also want to take a look around the house and yard, how is your curb appeal? could the property benefit from staging? it is a proven fact that a stayed house sells faster and for more money. It is hard to answer a question without having more detail, however I hope these suggestions will prove helpful.
1 vote Thank Flag Link Sun Jul 6, 2008
As Susan said, it's price and marketing (how & what is being marketed?)
1 vote Thank Flag Link Sun Jul 6, 2008
Depends, it can be one of two things, your agent or your price. How did you choose your agent? A friend, family member or did you interview agents and pick the best choice? Next how is your house priced compared to similar homes?
Web Reference: http://www.curtdarragh.com
1 vote Thank Flag Link Sun Jul 6, 2008
Depends on the house - what is your Realtor telling you? DO you have a large targfet market. All markets are local, so ask your Realtor what's typical in your area. Determining factors these days are the condition, the location, and the price, the price, the price. Did I mention price? It's definitely time to take a good hard look at what's sold recently, and your current competition, and evaluate your property against them. Your listing agent should have that data available. You might also tour some of the competition to see for yourself what your potential buyers are seeing. To sell, your home needs to be the best value in it's market - lowest price for equivalent or better features, priced to overcome any disadvantages that you can't fix. Best of luck! Su http://suwesely.yourkwagent.com/atj/user/HomePageGetAction.do
1 vote Thank Flag Link Sun Jul 6, 2008
Unfortunately, it is abnormal in any type of a market to have your home listed for almost a year. Believe it or not, there are still bidding wars going on today, but only when the home is properly priced, promoted and prepared for sale. If you aren't working with a full time professional Realtor, you should find one immediately. If you are, you should review their marketing plan with them, as well as the most recent sales for comparable homes in your area. Actually, you should be reviewing recent sales on a monthly basis at a minimum. The longer you wait to do so, the less money you will receive for your home. I'm sorry, I wish I could give you a happier answer, but the market is very unforgiving these days.
0 votes Thank Flag Link Sun Jul 6, 2008
In this challenging market many factors go into selling a house, but PRICE, PRICE, PRICE is the number ONE reason a house has not been looked at. There's too much competition out there and although you might think it is priced right, if there is no interest...the price is NOT right!
0 votes Thank Flag Link Sun Jul 6, 2008
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