I think you have gotten some mixed advice. I would not recomend trying to sell it yourself. For Sale By Owners only sell 1% of the time. A qualified motivated agent is your best bet. Your house looks great. It is staged well and looks spotless in the photos on the MLS. It seems to be priced in the right ballpark.
Your agent should be able to give you comparable properties that are currently for sale and homes that have sold in the last three months for comparison. If you go back six months that is too far in the past to be accurate for todays market. The housing market is a fluid thing, and six months ago may as well be six years. If your agent can't give you a CMA, call me and I can email it to you.
The basics follow: Average days on market for sold homes = 74 days, minimum 46 days, maximum 143 days. The average price per SF$96, the maximum price per SF$102.88, the minimum price per SF$86.00. I hope this helps you.
Try to be patient I am sure your realtor is working hard to market your home. If they are not doing open houses, tell them they can call me and I will hold it open for them. Most realtors don't want to take both sides of a transaction and I would be happy to help them out. I work a lot in south Austin. Have a great night and good luck selling your home.
Its been a couple of weeks since you posted your question. I just wanted to check in and see how you are doing? Have you had more showings? Are you under contract? If there is anything I can do to help you please let me know. My offer of an Open House still stands. Have a great night.
For the most part you have recieved excellent advice! I do not advise you to try and sell your home yourself. What you are looking for is a quick sale not more time lingering on the market.
I do think you and your agent should go over the other homes listed in your area, every seller should be aware of their competition. You may be able to find a list of things that make your home unique. Seller bonuses tend to attract a little more activity. And of course Open Houses can produce activity as well.
If you put your home on the Austinhouse site (it's a free site) and your buyer isn't represented by an agent you'll only have to pay 3% to your listing agent. In your case, 3% is almost $6K. Perhaps use this 6K for upgrades or to pay your buyer's closing costs.
Austinhouse.net is used by realtors and FSBOs.
Option #2) might be to keep the home and lease it out until the market rebounds or you get the price you truly want.
Fewer people qualify for mortgages now so this may be a blessing in disguise. If you're concerned if you won't qualify for the new home if you leased out Texas Oaks...call me.
Price reductions are necessary for properties that are so over priced that they may not appraise, but they are pedestrian cures for slow sales of homes that are reasonably priced. Bump your price a little if necessary to get your bottom line, and add the incentives--just be sure not to go over the value indicated in the CMA.
I looked at you house on MLS, and your Realtor did a good job of presenting it. Still, if no one is coming to look, itâ€™s because they don't like what they see there. Or they don't like it for the price. I agree with the earlier answer, if you don't want to wait for "the right buyer," you have to be the cheapest similar house in the neighborhood.
Lower the price frequently, and change the primary photo each time you do. Changing the price causes your home to appear anew in searches for "new or changed" listings; but if you keep the same photo viewers will think, "Oh, I've already looked at that one" before they realize it's a new price.
Your photos are good, but could stand some brightening up. There are free programs that will let you color enhance, change brightness and contrast, and crop.
And try at least one open house, with a photo ad in the Statesman. It costs about $160 including the open house banner, and should being you 4 â€“ 10 lookers. Mention your "cool shady lawn." The 100+ temps are keeping many buyers home.
Ask your agent to post the listing on Craig's List & Backpage if that has not already been done.
Have you had a office tour by the listing agents office? The more Realtors see the home the better..since once they see it they will remember the home if they have a buyer who is a good fit.
All in all being patient is good advice & try not to stress too much :)
Motivated sellers understand that they have to be the buyers CLEAR VALUE. Buyers determine value by comparing the features and benefits of one home to another and the price. Motivated sellers understand their home must either have MORE features and benefits for the SAME PRICE as their competition or be LOWER IN PRICE then their competition.
No matter what the market, everyday homes sell. The question is whether the seller is MOTIVATED and the CLEAR VALUE.