Question removed

Asked by Ashu, Austin, TX Thu May 29, 2008

This question was removed by its author.

Answers

10
Isabella Wie…, Agent, Edgerton, WI
Mon Jun 16, 2008
Is your agent offering a virtual tour of your home? and does it describe in the virtual tour the improvements and features that your home has to offer? Photos get buyer's clicking and that's in any market. As, an agent I have embraced technology. We have to emphasize today in this market that we offer a service business and technolgy. I am sure your agent is doing a wonderful job for you. Just focuse on what is selling and leverage yourself in the market. Best of luck.
0 votes
David Van Noy…, Agent, Leawood, KS
Tue Jun 3, 2008
Your home doesnt' take any longer to gain equity than others in the area per say, it is all about the price and amenities available in the area. Yes, any issues could cause a problem with a potential buyer, but you must be up front and honest in order to protect yourself moving forward.
Web Reference:  http://www.davidvannoyjr.com
0 votes
Bud and Sara…, Agent, Wichita, KS
Fri May 30, 2008
Ashu, Since it was only a sump pump issue, you have absolutely nothing to worry. Your agent is quite correct on this. Sump pump failure is a common occurrance in this area and everyone is used to the problem. In recent years, a lot of homeowners have had backup sump units installed. You do not have anything to worry about.

I hope your questions and concerns have been answered to your satisfaction. You have a great agent and we totally trust her and believe what she has to say. You can do the same and feel comfortable with what you are being told.
0 votes
Charlotte Pa…, , Wichita, KS
Fri May 30, 2008
Ashu, you do have a very beautiful home. Newer construction does indeed take longer to gain equity than existing homes. Hope you're enjoying Austin! It's one of my favorite cities to visit.
0 votes
Bud and Sara…, Agent, Wichita, KS
Fri May 30, 2008
Ashu, You are working with one of the consistant top agents in Wichita. You have only owned the home for 20 months and in a market where the average inflation on homes is 2.5 to 3% a year, it is virtually impossible to recover what you spent on the home in less than 3 or 4 years. Since your home was new construction, it looks like you added items such as a sprinkler system, sod, landscaping and fencing. You also added window dressings and other interior immentiies. Some of this is recoverable. It is just hard to recover all of that in a short period of time in this market. If the house is showing and not selling, then it is price.

Talk to your agent. They know the market very well and can give you the most help.
0 votes
NonRealtor, , 23456
Fri May 30, 2008
When did you buy the house? What year?
0 votes
Keith Sorem, Agent, Glendale, CA
Fri May 30, 2008
Ashu
You should be concerned. Not about the carpet. About the fact your home has not sold in three monthsl.

The truth is that the buyer that first sees the home they buy sees it with a Realtor. 90% of the time. So if you are not receiving showings, then the price is too high. If you are receiving showings, but no offers, the price is too high.

Buyers want value. How many homes, like yours, have sold in the last three monhts? Why did they sell and not yours? Realtors and their buyers thougth that the other properties offered more value. One of your Realtor's main jobs is to expose the value of yoru home to the market. There are different ways to do that,price being the primary means of comparison.

Homes that sell in the first 30 days sell closest to asking price. Homes that sit, sell for ltess. Right now in my market a home that sits for 120 Days On Market sells for 93.6% of asking. Within 30 days they sell at 98.5% of asking.

Good luck
0 votes
Jesse Dyke, Agent, Wichita, KS
Fri May 30, 2008
Ashu, I agree with Charlotte. what is your address or mls #? I have buyers that may be interested.
0 votes
Bud and Sara…, Agent, Wichita, KS
Fri May 30, 2008
The Wichita real estate market is very strong and homes are selling well. There are a few price ranges that are slower than other, especially if your home is over $400,000. Whether the home has sold in 3 months or not is not necessarily the issue. The question would be, "How well is it showing." If it has had over 12 showings and no offers, then the asking price is too high.

The water issue could be a problem. How did the water get into the home? Even in heavy rains, the home should still be dry. The source of the leak needs to be fixed. The carpet may need to be replaced. The house can not have a musty smell or potential buyers will not be interested.

Talk to your agent about both items, the water issue and the showings vs price. Your agent will be able to help you through all of this. Good Luck.
0 votes
Charlotte Pa…, , Wichita, KS
Fri May 30, 2008
Ashu, the agent you have representing you would be the best person to pose this question to. Generally, any homes with water intrusion issues has a more difficult time selling then others. The issue must be disclosed, and the home usually smells. A qualified company water damage company is the best first start...being sure to leave dehumidifiers in the home. Your new buyers may not want carpet that has been flooded and cleaned. Best wishes, Ashu
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more