Home Selling in Tampa>Question Details

Julie Weeder, Home Seller in 33629

Advice on how to move our house in South Tampa

Asked by Julie Weeder, 33629 Sun Mar 9, 2008

It has been on the market for four months. We have had lots of people looking but no offers. Our agent says when he follows up with the buyer's agents they all say the price is good and they don't have any suggestions for improving the property. We just lowered the price $10,000 and had some more lookers. Should we lower it again? Would it do any good, or is nobody buying right now?

Help the community by answering this question:

Answers

8
Unfortunately, many of us feel that exact same pain. The fact that you are getting lookers is a very good sign. You may want to encourage your Realtor to follow up with previous showings to see what they bought so you can compare that to your house. In this buyers market, it is not uncommon for people to look at 30+ properties and take their time in making a decision. Definitely make sure your home is easily accessible and in show condition as much as possible with things clean and less clutter. Take advantage of the free places to promote your home--Craigslist, Zillow, flipit and others. On a positive note in South Tampa we are definitely seeing an increase in activity since the beginning of the year which is a positive sign.
1 vote Thank Flag Link Thu Mar 13, 2008
Nathan has good advice. Get an update on your competition and take a look at those actually pending or sold since your listing went active.

Also if you're in the Plant High district, you might want to be sure to note that in the listing. Robinson High has an IB Magnet program so it is also good, see:
http://www.sptimes.com/2008/02/26/Hillsborough/Robinson_s_ac…

If your house has been on the market more than a month or two, you may want to ask for an updated CMA from your Realtor. I would ask for a detail of those homes in your square feet (+- 200 sf) that are active, pending and sold since you listed your property.

I'm seeing more activity just in the past 2 weeks and with the increased lending limit on FHA loans, it should improve matters.

Also I'm sure your Realtor already gave you expert advice about keeping your house looking and smelling fresh and clean and to never miss a showing--even if it's only 15 minutes notice! Some sellers are hiring a cleaning service once/week to keep their house in tip top shape.

Good luck!

Alma
1 vote Thank Flag Link Mon Mar 10, 2008
Your house needs to be priced right and look better than its competition in order to sell. Have other homes in your neighborhood sold during this time and how did they compare to yours? If you have not gotten any feedback about improving the appearance of your house, could it be location or some other factor that is deterring buyers?
1 vote Thank Flag Link Sun Mar 9, 2008
I don't know where your property is or what you have it priced at but unfortunatly the same thing is happening to all of us who have listings. I know my sellers are saying the same thing as you.

Here are my questions to you: Are you in a hurry to sell? Do you have to sell?

I live in the 33629 area and know that there are over 30 listings in a 9 block area around me (MacDill west to Himes and San Jose south to San Pedro). In that same area over the last 60 days only two homes have sold and four others are pending.
I would suggest sitting down with your realtor and asking him or her to do another CMA with you. Find out were your house stands as far as price with the other homes for sale in your area. Your best allie in this should be your Realtor.
To answer your original question though "Yes" people are buying just not as quickly as they were in the past. Hang in there.
1 vote Thank Flag Link Sun Mar 9, 2008
You have to list with a brokerage that can get you a lot of internet visibility. More than 80% of the buyers look online for "South Tampa Real Estate" or "Tampa Real estate". So you should pick to list with a brokerage next time that shows high in ranking in Google when you type in those keywords. That's the brokerage that can get you the high profile exposure and visibility you need. Those are the sites also that will have lots of buyers.
Web Reference: http://www.tampa4u.com
0 votes Thank Flag Link Thu Nov 20, 2008
Hi Julie,
I see this post is from March 2008. Were you able to sell your house, or are you one of the 7,000+ foreclosures in Tampa? Sell now or be out priced forever. Good Luck

http://www.trulia.com/for_sale/Tampa,FL/foreclosure_lt/
0 votes Thank Flag Link Tue Nov 18, 2008
The buyers that I'm working with only get excited when a home is clearly priced ahead of the market. So you will have to be the best priced home in your area to really create demand for the property.

You might also want to insure that you move down a full price band at a time...

What's a price band...

Well if your home is offered at $285,000 and you drop to $275,000 you've moved into a new price band because folks tend to shop in $25,000 increments at that price level.

If your home is offered at $315,000 and you drop to $305,000 it's likely that you have done little to expose your home to new buyers.

Hope that Helps!
0 votes Thank Flag Link Tue Nov 18, 2008
Hi Julie,
It's our recent experience that people are buying. However, the common thread question is tied to a market that sees property values continuing to sink. When will we see the bottom? People know prices have dropped but need assurance they are not buying prematurely.

It's impossible to predict the future but the sales we have executed this year include people that feel their purchase price is low enough to offset a continued decline in value. This is a tough pill to swallow but today's buyers aren't willing to pay yesterday's prices.

Best of luck,

The "Eckler Team"
Century 21 Almar & Associates
Venice, Fl 34285
0 votes Thank Flag Link Sun Mar 9, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer