We have been trying to sell our home in saugerties ny ,foreclosures have affected us in our selling price?

Asked by Tina, Saugerties, NY Fri Jul 31, 2009

We have dropped our asking price from265,000to 215,oo.what else can we do?

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Lisa Brodsky’s answer
Lisa Brodsky, , 10950
Fri Jul 31, 2009
Unfortuantely...ANY available home or sale effects home values. If you are in a community where there are many foreclosures or short sales then your property will be effected. Your home is only worth what someone is willing to pay. Today your home IS worth less than it was in the past. I don't know what your personal circumstance are, but if you are in the situation to also buy something, you will also be paying less for your new purchase...so it is all relative.

Are you working with a REALTOR to market and sell your house for you? If you need a great agent, let me know....you are just North of me and I will refer you to someone who is one of the best in your area. This is a free service I am offering you...so let me know if I can help...

Good Luck ,

Lisa Brodsky
Broker Associate
Coldwell Banker
1 vote
Grist Mill R…, Agent, Saugerties, NY
Sat Jul 28, 2012
Are you still having trouble selling your home? Aside from the general economy could there be a more internal reason? Is the house in good condition, staged either professionally or yourself to attract buyers, uncluttered and clean? Yes foreclosures affect all listings as appraisals are scarce and forecloure sales are usually low. I persoanl viewing of the home would be necessary in order to determine the cause of the problem and a possible solution to same.
0 votes
Grist Mill R…, Agent, Saugerties, NY
Tue Mar 27, 2012
You haven't mentioned whether or not anyone has looked at the house. If not you need the assistance of a Realtor who knows the local area. The home needs to be marketed so itwill atrtract lookers.....good pricing, open houses, flyers and other marketing tools. You need lookers first - buyers will follow. Goood Luck. I am available to assist.
0 votes
Fri Jul 31, 2009
Hi Tina,
Yes foreclosures have affected home sales and it is a buyers market presently. Most buyers do access the internet to look for homes so it is important you have the home on the multiple listing services and other sites as well. This will give your home the most exposure. Have you ever thought of staging? I do have access to some wonderful people that can give you tips on making the home more marketable. Getting a list of recent homes sold that are similar to yours might help you also on where to price the property. Keep your chin up! Katherine Ryan
Associate Broker with Houlihan Lawrence Real Estate
0 votes
Margaret Ama…, Agent, Sarasota, FL
Fri Jul 31, 2009
The harsh answer is: You can either drop the price until you get interest or take it off the market. If you must sell for whatever reason and your home will bring less than it is worth on today's market, do a short sale. For that you need to work with a knowledgeable short sale Realtor in your area who can explain the next step.

Sorry, but values may not come back for years. It's not just the amount of inventory but also our economic standing in general. Anymore people can only buy what they can afford judged by their income. It's back to basics. Learn about all your options and then choose the best while keeping in mind that neither option may be what you really want.
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