I don't think you should let it bother you if your neighbor has the home on the market the same time as you. If you need to sell within a certain time frame, you should go ahead and do so. If you wait for the neighbor's house to sell before you put yours on the market, what if another house comes on the market? Buyers want to see several homes before they decide on the right home and they will do the research before putting in an offer. As long as you price it correctly according to market value, you should be good. And if it has better curb appeal, your house should have more desirability.
If you updated 8 years ago, maybe the house has started showing wear and tear and the neighbors house (although as you say has cheaper materials) may still look new and spruced up. So think about it and price the home right. In this market with low inventory, you should be able to sell your home if it shows well and is priced right.
Make sure you get an agent who has an aggressive internet marketing system, has the experience and is responsive to your needs.
Help-U-Sell Achievers Realty
In deciding to sell it's more than just predicting what a future price might be, it's also involves meeting your timing priorities. You need to sell for a reason, and move someplace else.
If you would like to meet, to discuss further please feel free to contact me.
$$ BUYER COMMISSION REBATE 50-60% / SELLER DISCOUNT 50% $$
...example; $15,000 buyer rebate, on $1 mill home; see website for details.
Flavio Tejada, Owner/Broker, Realtor, MBA-Finance
It doesn't matter when you go on the market in relationship to your neighbor's home - there will be a different buyer for each with their own specific tastes and needs. As long as you price appropriately and make sure your home is prepared to the max (and staged), you will do well in the current market.
There is one thing to consider in an escalating market such as this - if you can wait until after your neighbor's home has closed, then you can use it as a solid comp to bump your price per sq/ft even higher. Buyers will not be able to go into your neighbor's home to compare it against yours, and, as long as you have prepared well, you should come out the clear winner.
Just email me if you have any other questions or concerns.
If as you say, your home is in better condition and also enjoys better curb appeal, the neighbor's home should essentially help to sell yours if priced similarly.
Let me know if we can be of any help to you.
Good luck to you,
If you are ready to sell, you should sell your house in this market and get advantage over low inventory. And also as per you said that your neighbor is using cheaper materials/appliances to renovate... the prospective buyers will compare both homes in quality upgrades. If the price range is difference, I believe then also everybody will like to see the next door home for sale to compare. List it when you are ready.
If your time frame is later, spring or summer, then you'll have to wait.
You need not worry about what they will do, sit down with your Broker and discuss the current values and your current time frames. As Dawn mentioned, there are not very many homes on the market at this time, however, that can change in the spring / summer time.
I'm sure you will achieve your financial goals in today market. Discuss your situation with a Broker soon.
In the current market condition (low interest rate, very low inventory, and motivated/qualified buyers in market), selling first or second should not make a big difference. However, as you indicated, Curb Appeal and Floor Plan WILL make a big difference in final price. It is easy to remodel (if required) and then change the floor plan. Correctly pricing the home and marketing it will attract buyers and create value in your home.
Please feel free to contact me if I can be any help.
could help your selling price. If you are ready to sell your home, then go ahead. No reason to wait for
your neighbor to sell first or later. If you're both selling at the same time it can also bring a lot more
buyers to the area. Let me know if I can be of service.
Intero Real Estate Services - Fremont
43430 Mission Blvd. Suite 100, Fremont, CA. 94539
(Corner of Mission & Mission Tierra)
Direct (510)-492-4872, Fax (510)-217-4249,
Visit my Website at http://CustomBayHomes.com
If I can be of any assistance and you want to talk about the Pro's and Con's I would be happy to share my 30 years of professionally and successfully selling FREMONT properties
It really depends on various factors and strategy behind market the home.
Feel free to contact me for free consultancy and can discuss further.
(Short Sale and Foreclosure Certified)
RE/MAX Active Realty
PH: 510 676 4770
Email : firstname.lastname@example.org
4056 Decoto Road
Fremont, Ca. 94555
Get the opinion of a couple of local agents that see your home first. It will depend on many factors; your other competition, condition, price range, your preferred time frame and the status of your local market. In most areas, there is a shortage of homes available.