Stop the music!
Where is ELVIS?
The market is tanking....are you high?
Price it to sell..or take a loooonnnngggg vacation.like four or five years....
Look at the stats...I may be crazy but...
I have a company that will do this for you--http://weprovidethecash.com/sellersitebiz.php?id=betterway
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Our comments were based on you sitting through a rough winter....not knowing that you were also on market last spring. You're not alone out there. Stage it....try to sell.....try to rent as well. If you're going the rental route throw it on Craig's List.
Good Luck....hope something happens soon!
Market time re-setting back to zero after 90 days is one thing. What I was talking about is the property showing up as not ever having tried to sell it previously. If I am correct, I believe it's much longer than 90 days.
Another thought.....who's to say that next year is going to be that much better. If you take it off now and get somebody to rent and cover all of your costs (another risk) and a year from now you could find yourself in the exact same spot.
Stick it out. I'm seeing buyers coming out and becoming more interested. If you're priced right and there is "nothing wrong" as you say then this should be the best time for you to be selling even with the slower market.
FYI....it takes 3 months for the market time to reset once you're "off market." Not 9 months.
Are you listed with an agent? I realize it's on the MLS, but if you are using a flat fee company, all they care about is their flat fee! They aren't marketing your home which makes all of the difference in selling in this market. Think about it... if there are 200 properties in Edison Park, all in a similar price bracket and all with similar finishes, floor plans, etc. And, there are 20 buyers looking for those types of properties. They are all listed on the MLS. An APE could list your property on the MLS, but that doesn't mean it's going to get sold. Of those 200 properties, why would those 20 buyers come see yours? It's market share and it's a numbers game. The more places your home is marketed, the more people see your home, the more likely you are to get an offer.
If you don't NEED to sell right now, then why are you selling? If you don't HAVE TO MOVE or NEED MORE SPACE, I think renting it out for a year isn't a horrible option in this market.
It comes down to your emotional attachment to getting WHAT YOU THINK THE PROPERTY IS WORTH versus WHAT THE PROPERTY IS ACTUALLY WORTH. If you are willing to let it go, realize you might not make as much as you would've 3 years ago, then drop the price, market the heck out of it, stage it, and list it with a Realtor who has the skills and expertise to get the property marketed and featured in the right places.
Sorry for the long response. Email me if you need some more specific resources, lists, checklists on staging and selling your home, or if you want a marketing proposal.
I wouldn't want to take it off the market right now, or you may likely miss the spring market. I am not sure what your price point is, but there are buyers out there even though things have slowed down. I think the important things to do are to 1) price your home properly and 2) make sure it shows well - including sights and smells. In fact, I actually try to convince all my sellers to do some level of staging. I believe most home buyers make purchases at an emotional level first, then justify the purchase rationally after the fact. When the property shows well and is priced well, that hits both bases.
Edison Park is a desirable place to live, so maybe give it more time. As far as market time goes, I agree that properties that have been on the market for a while tend to get stigmatized. Oftentimes that stigma can be overcome by the 3 words no seller wants to hear - reduce the price.
Not sure if I helped, but I do wish you luck!