Reply to Why won't my house sell
Thank you for all your responses, we found them to be helpful and painful at the same time.
Its hard to understand the "chasing the market" reply, when the price was set by a professional realtor at the time, and nobody had a crystal ball to forsee the huge down turn in the market throughout 2008. At no time were we told that "the sky is falling" and we need to drastically reduce the price in order to sell last year.
Hindsight is a wonderful thing.
The tax record is misleading to read, the land is valued at 180,000, which we were paying taxes on the years before we built in 2006. They assessed the new construction at 282,000 without even coming into the property, which was 136,000 less that was paid to build the house. Actual cash value in 2006 was 598,000. So I don't think we were overpricing the market at 579,000 in 2008 when it was first listed.
MLS 437421 is not actually in a private, gated, golf course community, a part of Echo G C runs through the back along with a busy road
Marian
I am sorry for your situation.
The truth is that the buyer who purchases your home will be represented by a Realtor about 90% of the time, so experienced Realtors knows that if agents are not showing the property that there is a pricing issue.
Homes that have 10-12 showings or one offer in the first two weeks are well-priced.
The other barometer is the sale of other comparable homes. Almost every seller that says "help me, my home will not sell" is apparently unaware of other home sales. We know that the average buyer looks at 10-20 homes before they by, so if 10-20 homes, like yours, are getting offers and selling, then something is wrong.
Good luck next time. If you'd like me to refer you to a local Top Realtor to analyze your situation, please let me know.
Keith
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