Your home looks to be in very good condition. However, because it is an older home, fewer people will be interested. The home would appeal to a smaller segment of the potential buyers in the market. Those that are looking for vintage homes that have been restored. Any marketing done should be targeting this group of buyers. Another issue that may turn off some people is being located adjacent to a multi-family apartment building. These are external factors that you have no control over but should be aware of.
You do have control over the price. Although you are priced in line with some of the other homes in the area notice that they too are still for sale. The reference link below shows other homes for sale in the Riverside area that are priced $30k - $50k below yours and in some instances have superior sites and larger yards. This is your direct competition. Anyone interested in your home would almost certainly be looking at these as well. If you are serious about selling your home my suggestion is to set your price to be competitive with these homes. Good luck!
REALTOR/ Broker Associate
Realty Executives "The Elite Group"
All real estate is local, but some things are universal. If you are not getting any showings it is usually the price to blame. In some markets it doesnâ€™t matter if youâ€™ve priced it lower than past sales â€“it has to be one of the five best priced, best looking comparable homes to even get the attention of agents and buyers.
Take the time to view your competition, and also know what has sold since your put your house on the market. Why did buyers choose that one over yours.
Some news is tough to hear, but indicators are homes are worth more today than next month or the month after, so bite the bullet, price it right, and move on to the place you want to be. Best of Luck to you.
Sometimes you just need to put your buyer shoes on. Go look at your competition and ask yourself. If I had this much money to spend which home would I buy? Your home is only worth what a buyer is willing to pay for it on the day they go to buy compared to all the other available properties.
Prudential Network Realty
Jim Soda 941-809-7759
My BLOG: http://sodasells.wordpress.com/
Prudential Palms Realty Web site: http://www.JimSoda.com
Sarasota-Lakewood Ranch-Siesta Key-Longboat Key
Immobel International Property Realtors
Not sure you're even monitoring this anymore, but the house is still for sale as of 5-1-09. 335K seems unreasonable to me for < 1800 square foot. There are much larger homes in better parts of Avondale, listing just a bit more than that.
We aren't looking in Avondale, so your home would not be on our list.
As buyers, we have to consider the purchase price based on pricing for the next three to five years, and that is SUCH shaky ground, we are probably being even more conservative than sellers (you) want us to be.
Riverside pricing, like pretty much any other neighborhood in the US was way too high. This price adjustment was due. That is the main reason my wife and I gave up on the area five years ago, and are back looking NOW.
I can appreciate the position you are in, at the same time, you may need to think about where the buyer is coming from.
Buyers are out here. Several of the properties I have looked at are now under contract or sold. Some have sold for a loss. Take 2325 Forbes, which sold for 52K less in November of '08, than it did in February of '07. That seller took at fifty-two thousand dollar loss. You may not like that, and you may not want to hear that, but that's the reality. Either you bend, or dig in and hope it gets better.
Other issue that have prevented a showing or removed a home from our lists:
location not as good (not everying in 32204 is safe/good)
seller's realtors who refuse to get back to us despite repeated attempts
seller's realtors who use antiquated lock boxes and refuse to get back with our realtor with a combo so we could never view the home
very poor layout of the home, with additions that only connect to a back bedroom, making them fairly useless.
So take your pick, your realtor is very poor at following up with buyers or other realtors, (you may never know), your layout isn't so good so your price per square foot may be too proud or maybe your price is still too proud.
Your zip code is 32205? I thought Avondale started when you hit 32205. Maybe King street is the zip code divider, and some things West of King are still Riverside???
Anyway, good luck, and if you want feedback let me know. If you're concerned I'm a psycho, then I guess there's no way I can disprove that here. I can give you a list of the homes we've looked at and you can tell me if it's one of those. If it helps, we didnt' look at anything above $325K except for 2333 Post and something in the 2500 block of Herschel.
If you want to send me an email and the address of your home, (email@example.com) I would be glad to give you honest feedback on your home. We looked at everything between Margaret and King, and the river and Dellwood. Likely we at least took a cursory look at yours if we didn't actually do a tour. I don't generally monitor these blogs, so that won't help.
I get your point, but we must compare apples to apples, pinegrove has not been completly remodeled, from what I can see it is a beautiful place, but it will need at least 60,000 in repairs, lots of showing but no buyers, because of the condition
I am going to try the agents open house, there has been a mass of open houses thru alot of the major companies Yes I agree it is a difficult market, I just think I have a great product in comparison to others
but that is just that ....my opinion
thanx for the input great ideas!!!!
Jim Soda 941-809-7759
Sarasota - Lakewood Rancch - Longboat Key