Ms Seagram, Both Buyer and Seller in Lexington, KY

OK to keep listing active after 4 mo in $500-$600k range due to economic jitters-or relist Jun 09??

Asked by Ms Seagram, Lexington, KY Mon Oct 6, 2008

Help the community by answering this question:

Answers

8
Every day on the market reduces the value of your property, yet it won't sell if it's not on the market. This is why pricing high and waiting never works.

Now you need to determine where to price considering 4 months on the market and get aggressive with the price. 4 months in Georgetown is a little long - 6 months or more is really long.

Most of all, you need a Realtor who will tell the whole truth without any sugar coating, and you need to follow their advice.
0 votes Thank Flag Link Tue Aug 17, 2010
if you need to sell: Yes and price it right

If you don't: No
0 votes Thank Flag Link Wed Feb 18, 2009
I think a lot depends on your goals. Why are you selling in the first place? Do you have a pending job change, are you trying to downsize, do you need to change school districts? The question you posed does not have a good answer because it boils down to what is best for you and your family. I would recommend having a heart to heart with your agent and finding out exactly what they are doing to market your home and if there are things that could be done differently. If you don't express your concerns about the "economic jitters" than your agent cannot help you with your concerns! Hang in there. Chances are it will sell but as the other posters have already mentioned, it can't sell if it isn't on the market.
All the best to you.
0 votes Thank Flag Link Mon Oct 20, 2008
You cant get any potential buyers if your house is not on the market. Days on market in this market and in yoru price range are not looked at as close as they once were. 4 months isnt that long in your price range. keep the faith as teh fall market has been stronger than the spring market we had. it is more important you get an up to date brokers price oppinion to see if your porice is in teh range of what similar properties have sold for in the last 6 months. good luck with your sale.
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Wed Oct 8, 2008
Ms.

You never know when a home is going to sell but there is one sure thing. If people don't know it's for sale....chances are.....It won't sell.

If it's not costing you money to have it on the market...why take it off the market. As long as it is priced where you want it to be, you can say NO to any unreasonable offer that comes along, your best interests are protected.

Good luck,
The "Eckler Team"
0 votes Thank Flag Link Wed Oct 8, 2008
Here in Colorado, 4 months is a long time on the market. Depending on how the viewing traffic has been, it could be the 'vibe' the house is presenting. Have you tried home staging or a home staging consulation? A professional home stager should be able to walk through the home and provide feedback on what a buyers impression is of the home and subtle changes can make a big difference.
0 votes Thank Flag Link Tue Oct 7, 2008
You have to keep trying and pull out all the stops. Maybe you need to lower the price? There are buyers out there, but lots of choices and what buyers are telling us now is so many houses look the same, they're typically just buying the one they think they can work the best deal on.

Wait until June 09???? Holding on to a $500,000 house will cost you approximately $5000 in interest, taxes, insurance for a house you don't want. In June of 2009 there may not be financing avaialble, jumbo rates could be so high no one wants to purchase. Down payment amounts may have increased. Who knows what will happen to the market by then.

If you want to sell, NOW is the time to do it.....you just can't predict what the future will hold.
Web Reference: http://www.teamlynn.com
0 votes Thank Flag Link Tue Oct 7, 2008
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
Contact
The answer will depend in part on where the listing is. If like properties are selling within that time frame then you could look stale. If others are taking longer then you can continue the listing. If you withdraw it the time on market will reset to zero after 91 days and the listing looks like a new one.
Web Reference: http://www.jmagruder.com
0 votes Thank Flag Link Mon Oct 6, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer