Home Selling in 60193>Question Details

Me, Home Seller in 60193

Any thoughts on current sale vs list price for 3bdr units?

Asked by Me, 60193 Mon Jun 15, 2009

Hi, I have a home that has been listed for almost a year with no offers. I want to be as aggressive as possible, but want to know how much room do I have to play with. Any idea on current sales vs list prices? This is a 3bdr/2ba coach home, one level with 1car garage. Thanks in advance!

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The only way to get your unit sold is to find out the most recent sales in your subdivision and price your unit accordingly.

Visit me at http://www.palatinehomesforsalespalatineproperty.com
0 votes Thank Flag Link Wed Nov 11, 2009
Thanks for asking! I feel your pain! To have a home on the market for a whole year is a lot of work!
Please tell me about your home: asking price? updates? address? view? flooring? condition?

I have lived and worked full-time as a TOP Realtor in Schaumburg for the past 30 years. Since I know the area so well, I would be happy to take a look at your situation and give you my professional advice. I currently have a 2 bedroon, 2 bath unit for sale. We have had 34 showings in the first month for sale, and we have had two buyers come back for second showings. We should get an offer any day now!

Last month I closed on a 3 bedroom, 2 bath unit in Schaumburg that I sold in less than one month, after another Realtor had had it on the market for a YEAR!

I would love to help you!
0 votes Thank Flag Link Mon Jun 22, 2009
Based on closed averages it is 4% off the list price. Hopefully you mean the list to sales price ratio which is what I've given you. I also have a 3BR 2BA listed and we have come down in price because of all our competition. My particular unit has 20 others on the market to compare it with which is very disheartening. It has a great location and in good condition. Buyers just have a lot to choose from at this time. Price your home below what it should be, and keep it in above average condition. Buyers don't want to do ANY work - zero. So if you have wallpaper - get rid of it. Needs paint - better paint it. Only 10% of all homes on the market go under contract every month - so why should a buyer pay attention to yours? Make it the best value all the way around!

Good luck to you!

0 votes Thank Flag Link Tue Jun 16, 2009
I would set the list price $3000 above the sale price.
A detailed comparable analysis study will tell you the probable sale price.
Web Reference: http://www.realtybob.com
0 votes Thank Flag Link Mon Jun 15, 2009
You control the price, condition and terms. You need to change something if you aren't selling in a year. Here are the statistics you asked about.

Area Market Survey CriteriaStatus: Active, Back on Market, Contingent, New, Price Change, Re-activated, Temp Off Market, Pending, Closed Property Type: Attached Single Area: Schaumburg Months Back: 12 Months Bedrooms: 3-3 Total Full/Half Baths: 2-2 Type of House: Manor Home/Coach House/Villa

Under Contract
List Price Range # Listings Avg. Days on Mkt
$150,000 - $199,999 4 57
$200,000 - $249,999 3 298

Under Contract Summary
# Units Avg. MT Median List Price Avg. List Price Max. List Price Min. List Price Total Volume
7 160 $199,888 $197,641 $227,000 $159,900 $1,383,488

Active Listings
List Price Range # Listings Avg. Days on Mkt
$150,000 - $199,999 6 219
$200,000 - $249,999 13 135

Active Listings Summary
# Units Avg. MT Median List Price Avg. List Price Max. List Price Min. List Price Total Volume
19 161 $209,900 $208,453 $245,500 $177,900 $3,960,600

Sold Properties
Sold Price Range # Listings Avg. Days on Mkt
$150,000 - $199,999 3 248
$200,000 - $249,999 6 129

Sold Properties Summary
# Units Avg. MT Median Sold Price Avg. Sold Price Max. Sold Price Min. Sold Price Total Volume
9 169 $210,000 $205,111 $218,000 $194,000 $1,846,000

Dennis Toomey
Cell (847) 338-0180
Fax (847) 956-2844
E-mail: dtoomey@remax.net
Web site: http://www.HouseByZip.com
Web Reference: http://SchaumburgCondo.com
0 votes Thank Flag Link Mon Jun 15, 2009
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