The county assessed value is not always what the house is worth. Your real estate agent will have the better idea of what your house is worth. What has been the feedback on your house after the showings? That will give you an idea why your house is not selling. It could be as easy as repainting a room or two. If your house is smaller in size, you might want to rent out a storage unit and get rid of some of the times that you are not going to use. That will make the house look bigger. I hope this helps you out.
First, being on the market "almost a month" doesn't mean much in most areas. Lots of areas have an average "days on market" of 45, 60, or even more. You're saying yours is much less than that.
Second, a better test is how much "traffic" you've had. How many viewings? How much interest. That can tell you a lot more about whether the pricing is OK and whether it shows OK.
Third--looking at the specific listing--the place looks like a dump. I know it isn't, but that's the way it looks.
The photos are horrible. They're blurry, out of focus, and poorly exposed. They're also poorly composed, and the digital dating in the corner shows sloppiness. That applies to all the photos. They're actively working to keep your house on the market indefinitely. And what they're showing isn't too great, either. Here are a few examples:
#1: Blurry. Left-hand side should be cropped a bit to eliminate the house there, but leave most of that nice tree. Looks like there's something lying on the left-hand side of the driveway about halfway up. That shouldn't be there.
#2: Blurry. Come in a bit closer or crop the right-hand side to eliminate the pole.
#4: Blurry. That furniture is oversized. Meanwhile, you've got that dinky little table with some poor plants, and a TV above. Poorly exposed because the camera averaged the indoor and outdoor light. It should have been exposed for the interior.
#6: Blurry. Get rid of that rag on the stove. Seriously. And take EVERYTHING off the counters. You don't have much counter space; don't emphasize that by putting things on it.
#7: Blurry. Poorly exposed. Get the junk off the counter. Hide the trash can.
#9: Blurry. Poorly exposed. And this isn't about your furniture; it's about your house. Staging the table is fine, but the photos should NOT focus on your furniture. They should highlight the rooms. You can barely see the room in this picture.
#10: Blurry. Poorly exposed. And all this picture tells me is that the room has a window that opens.
#15. Blurry. Repaint the walls a neutral color.
#16: Blurry. Repaint the walls a neutral color. And move that sofa; maybe a quarter of the picture is taken up by the back of that sofa. Remember: Focus on the room, not your furniture.
#18: Blurry. Poorly exposed. And unless you're selling the computer, desk, and chair, move them. Again, focus on the room, not the furniture.
#19: Blurry. Poorly exposed. Repaint the walls a neutral color. And eliminate all those pictures above the headboard.
#20: Blurry. Poorly exposed. I don't even know what this shows. It looks like a poorly-done add-on to the back of the house where you've put a wet bar.
#23: Blurry. Poorly exposed. And clean up that area. The big drainage pipe, the kid's play house, the seemingly overgrow weeds on the right.
#24. Very blurry. And get rid of the laundry basket and trash can. On the right, align the washer and dryer.
#25: Blurry. It looks like a small but OK deck...ready for a yard sale of old yard furniture. At a minimum, get rid of all the stuff over on the right.
#26: Blurry. Poorly exposed. And what have I told you about focusing on the property, not the furniture?
I'm not saying redoing the photos along the lines I've suggested will ensure a sale. But I do know that the photos (and what they display) are actively discouraging potential buyers.
As a homeowner, i.e. for sale by owner you cannot, this is for Realtors only, but then why not list with an experienced Realtor who can get you good comps and also market and advertise your property efficiently including on this site.
Good Luck to you
Edith YourRealtor4Life and Chicago and Northern Illinois Expert
Working always in the very BEST interest of her clients....... more
Hi I am totally looking for a house and your house is exactly what im looking for! If you could post your house on one of the websites that would be awesome!!!! I'd say start off with 159,000 oh and if you tell me your address that would help to because the area means alot having to due with the price.... more
A HAMP refinance will have a negative impact on your credit score, but then so will a short sale or a foreclosure. They are not very easy to get, though. The banks really don't want to do mortgage modifications because the government is paying then, by covering their losses, to do short sales and foreclosures, but not to modify loans.
If you are one of the lucky ones and actually GET your mortgage modified, you will probably be fine to purchase a different property in two to three years.... more
Well, you have a almost too usual of story. This is very common. Sometimes it takes doing something unusual like offering a bonus to the agent bringing a buyer. I don't know what your value is, but lets imagine that your property is priced at $500k, if you have been inching down your price, it makes it look like you might not know what to do and so the jackels sit by the wayside waiting for your next move. The market will give you your answer. So, i would advise first offering to the buyers agent an extra $5k, its better then lowering it $5k because that's such a small amount and it generally gets attention, make a caveat on it that it's only for a full price offer., Give it two weeks then lower your price within 2-5% lower then the mot rececnt comp. If that doesn't make it happen then I would advise that unless you really need to sell because you have to relocate for a job or something like that, then you should stay put. The universe has spoken... more