we have a 2005 1900sqft home 3bd 2ba 1den, pool, huge master BA = selling for 245k got offers for only 175.5k

Asked by Lisa, Lehigh Acres, FL Mon Nov 5, 2007

. Home is all ready for move in. Is market that bad ? Lisa : travelbuff33@aol.com

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Linda J Sears, , Lady Lake, FL
Tue Nov 6, 2007

Many sellers in Florida would give you a standing ovation for simply getting an offer! You neglected to tell us if you have a realtor. I am hoping that you do and that your realtor upon presenting this offer to you not only gave you a net sheet to see the actual difference in the offer compared to the list price when it comes to a net figure but that they also gave you a CURRENT CMA. I know in my area of Central Florida the CMA can change from month to month. What homes are priced for today may not reflect what has SOLD last week. You really need to look at the whole picture.

Hope this helps!
1 vote
LLoyd Nichols, Agent, Fort Myers, FL
Tue Nov 6, 2007
LIsa, yes the market is not good. Lee County sales dropped another 7% the last quarter...though many parts of the USA have seen the same and the National Association of Realtors reported a drop of 8% sales in the USA as a whole.I can make a CMA for you with your full name sent to my e-mail at realtorlloyn@aol.com and I will be able to tell you more.Lehigh Acres is one of the areas which has been hit the hardest.I wish I had better news.Did you have your home appraised?You should be able to sell it for more then $175.5K if it appraises for more then $225K.I also need to check how many similar homes are for sell around your home and at what price homes in your area of Lehigh Acres sold in the last 2-3 months.
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1 vote
Elizabeth Bu…, Agent, Englewood, FL
Tue Nov 6, 2007
At least you are getting an offer. You have a able and willing buyer on the other side of the table. What is your home worth, maybe in this market place it is priced too high. I have started almost 100,000 apart on a offer and gradually got the offer within 10-15 thousand. Work the deal, counter the offer with your listing agent and test the waters. good Luck do not give up
0 votes
Cynthia, , Buffalo, NY
Tue Nov 6, 2007
Hi Lisa, though I am not familiar with your particular area, I have to agree with both of these answers. The market is favoring buyers around the country. Keeping yourself informed is the best way to get the most from your home in a soft seller's market. Asking your agent to keep you informed as to the recent listings and sales in your area will help you to determine how to negotiate when an offer is presented. I do have to agree that the first offer is typically the best offer. If you have that still on the table, I would work with your agent to see if you are able to come to some sort of agreement. Remember time is money. The first question a buyer will ask is "how long has it been on the market?". The longer the time period, the more buyers believe they can lowball. You may never have to take a lowball offer, but if all you ever see is lowballs, you will never see true value. The first 30 days are crucial for sale. At least in our area. Hope it helps. Good luck to you! Cynthia
0 votes
Ines Hegedus…, Agent, Miami, FL
Tue Nov 6, 2007
Lisa, Lloyd is spot on with his answer. Remember that the market is not "bad", it favors buyers....it's always good for one or the other. They say the first offer is the best one.....if you work with a good Realtor, they may be able to negotiate this deal and make it happen for you.
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