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Home Selling in Galena : Real Estate Advice

  • All31
  • Local Info1
  • Home Buying7
  • Home Selling3
  • Market Conditions2

Activity 5
Fri May 13, 2011
Anthony Cavalea IV answered:
Your Main Variables = Price, Location, Condition, Exposure (marketing)

Location you can't change. Condition is probably good since your house is fairly new.

And the fact that your original price is so close to your current price as a short sale makes me think your price isn't low enough. Short sales are worth less for 2 reasons: 1) The buyer expects (and deserves) a discount just for having to deal with the short sale. 2) Short sellers don't get to walk away with anything anyways so they have little motivation to keep the price high.

90% of marketing is just having your home on the MLS. If your home is on the MLS, there are little things you/your agent can do, but they won't likely be the catalyst that sells the house. If your home isn't in the MLS, get an agent to put it in there ASAP.

Like Deva said below, you may want to consider renting out your home since rentals are in high demand in many areas right now.
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0 votes 2 answers Share Flag
Thu Jul 29, 2010
Amy OBannon answered:
If you have a buyer don't wait around. It might be a while before you get another one.
0 votes 9 answers Share Flag
Tue May 26, 2009
Therese L Korahais answered:
Unfortunately- noone saw this market problem coming. Make sure it is listed on Multiple Listing Service.- you can offer higher % rate for the selling broker. Reduce it until you get an offer. The price is ALWAYS the problem. It is never the condition or the location...it is always the price. The buyers set the market value. It is not what the sellers want- it is what the buyer is willing to pay.

Make sure you have a for sale sign that doesn't look like IT has been abandoned. Keep it straight, put up a new sign-get a gardener (or a kid down the block) to cut the grass-do 1 or 2 OPEN HOUSES and then reduce again-spark activity
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1 vote 5 answers Share Flag
Fri May 22, 2009
Beergirl8 answered:
Our house has been on the market since last July. We have lowered the price three times for a total of 25k.
Do you think that sends the wrong message to buyers?
0 votes 5 answers Share Flag
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