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Home Selling in 60607 : Real Estate Advice

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  • Local Info3
  • Home Buying13
  • Home Selling3
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Activity 3
Tue Jul 18, 2017
Anthony Cavalea IV answered:
Thu Mar 6, 2014
John Meyers answered:
Have your real estate agent pull comps of homes like yours which have sold in the last 6 months. Price the home about 5% above the average of those selling prices. After that, you should get an offer within 30 days. Good luck! ... more
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Mon Aug 27, 2007
Ken Dooley answered:
Archana,
Buyers often like every home they visit, but the ones they like the most when there's similar properties to choose from are those that are priced lower. If you've had good traffic and no offers after 90 days, price is your issue. As market time increases, any offer will be lower than your asking price. As a seller, you've likely reviewed comparable sales when establishing your asking price. Today you need to look at the current inventory to see if asking prices are lower than sales from a year ago. The market is very efficient and buyers have the ability to physically view and compare 20-30 homes. Unless you've done the same, you don't know your competition as well as the buyers you're hoping to sell to do. They're telling you they like it but not at this price. Good luck going forward. ... more
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