2007-06-19 07:09:35 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
I'm in one of the nice areas of town, that everyone wants
2007-06-19 07:37:24 · update #1
Your realtor should of shown you comparables of the homes that have sold in the area that your home is in. These comparables would be a list of homes similiar to your home and what they sold for in the last six months preferably. Usually the realtor will suggest a sale price for your home based on these comparables but the decision is yours. Hopefully you did not over price your home because this could cause buyers to not want to see your home. If you feel that your home is priced correctly after looking at the comparables but you are not getting any offers or even buyers to come through your home then it could just be that the market is slow at this time in your area. Usually if a home does not sell, it's either the location that it is in is not desirable or that the home is over-priced. I would talk with your Realtor monthly about lowering the price if you really want to get it sold and can afford to pay off the home and hopefully make a profit also. Best of Luck.
2007-06-19 07:26:50 · answer #1 · answered by smiles 3 · 0⤊ 0⤋
As many times as you need to in order to sell your property. It is a buyers market right now, which means that sellers are having a hard time unloading their homes as there are substantially less buyers out their purchasing homes. Florida, especially South Florida, is a perfect example of such this as many houses are sitting on the market for 8 months or more. If you see no one is making any offers after months and months you have no choice but to lower your price if you actually want to sell. Be cautious as to how much but remember, it's better to take less money in the end than to have your house on the market for 7 months.
Hope this was helpful
2007-06-19 14:18:55 · answer #2 · answered by logic_150 2 · 1⤊ 0⤋
If 'everyone wanted' your area of town, your house would be already sold. Remember that the housing market is soft right now, and even if you are in a desirable area of town, buyers are looking for deals. If you're not getting any action, reduce the price. Also remember that you have the right to reject any offer.
2007-06-19 17:30:06 · answer #3 · answered by acermill 7 · 2⤊ 0⤋
Just sold an investment property 3 months ago, after having the property on the market for 7 months.
We ended up having to reduce our asking price approximately 3 or 4 times before anyone even made an offer on it.
2007-06-19 14:13:57 · answer #4 · answered by (no subject) 4 · 0⤊ 0⤋
Your realtor should know the market and he is asking you to adjust the price to a more attracive level to encourage buyers. If the market goes flatter he may suggest again, but it is up to you how long you hold to get a sale. Check prices of similar properties in area and see what they are doing.
2007-06-19 14:16:44 · answer #5 · answered by Barbarian 5 · 1⤊ 0⤋