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Home Selling in 12561 : Real Estate Advice

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  • Local Info1
  • Home Buying4
  • Home Selling2
  • Market Conditions1

Activity 3
Wed Jun 24, 2009
ILENE asked:
Wed Mar 4, 2009
Chip Shaw answered:
W/out examinating the contract, I would think you could place the house back on the market. BUT would this be wise? If you were to put the house back up today, get a full price offer tomorrow, you would still be waiting 3 to 4 weeks for this new buyer to get financing. Most buyer's are having a hard time getting financing due to the banks are getting skittish (they are really tightening the screws on qualifying). You may want to counter back to the buyer and give them the 2 weeks, but add the phrase "time is of the essence". With that phrase, the times in the contract become the drop dead dates. If buyers cannot get financing by then, it's everyone out of the pool.
Good Luck!
Chip@chipshaw.com
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Thu Nov 17, 2016
Deborah Madey answered:
Where the log home is located can influence the level of diffculty encountered when selling. A log home being marketed last year in this area went through 3 listing agents and 20% drop in price before it sold. Buyers found it novel and quaint, but because it was not in an area that other log homes were located, it didn't conform. Buyers comented that, "This would be wonderful 'If" it were located _______." At a lower price, it did become attractive enough for the right buyer and it did sell.

Whenever you market to a smaller pool of potential buyers, your showings will be fewer and your marketing time can take longer.

Contemporary homes do not sell quickly or easily in certain areas, yet in other areas they do. That results from the customary trend and preferences of the region (as opposed to the exact specific location.)

As it pertains to your property, 1) Is the buyer pool for log homes smaller or larger than it would be for other types of homes in your area; 2) Is the property located near ranches, splits, and colonials or in an area where other log homes might be found?; 3) Have you evaluated your pricing strategy for possible adjustment?

Good Luck.
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