Here's my house for sale -- any suggestions? Thx
- Thread starter KCalhoun
- Start date
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Good ;
an honest REALTOR+ plenty of those around is NOT going to keep telling you to ''drop bids just to get a quick sale'' UNLESS that was goal[quick sale from get go]
I sold a lot of[RE] property in 20 years; but i'm not pretending to know that market;
I would not care @ all about dead trees in backyard. I would rather do any landscaping myself.
Average certified appraiser may get 3 bids[ for comps];
my favorite REALTOR[not certified appraiser ]got 20 comps for me .
ASAP, ask ''average marketing time '', that area;
in my area it was mostly 3-6 months.[Maybe shorter now, dont know.; so any price reduction before 3-6 month would be counter-productive, my area.]
IF it was worth $598K then $630 K was fair asking price, assume an appraiser+ REALTOR agrees with those numbers.
Many REALTORS will not tell an owner if they INSIST on overpricing it\ but let the market no sale, no offers close to asking price\ prove that.
{ WITH comps of 3100sf, dont know if average person would want to pay up for that 3900,sorry.
I sure would not want to put ANY more money in a 3900sf, to sell, with highest sold for $615 K}Sorry the home seems a bit oversized, based on 3100sf comps;
may not matter, CO Springs maybe 6th strongest RE market in US
Join one of those Evangelical Churches, Colorado Springs is known for and pawn it off on some young, unsuspecting couple. Place is full of rubes.
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Pikes Peak, Gardens of God area has hillbillies around there ,also??
THAT could explain the hot market.
Ken, I checked REDFIN+ your agent +RE info/ WOW that is a hot sellers market.
Average days on market[DOM]=13 to23 days
\ but average CO springs home price \$555k
I could probably hold out for 21-23 days. LOL But @ 13 days on market I would want to know what price is a reasonable sell. I've seen RE with DOM of 333 or 666 DOM, usually a red flag.
I sure would not have an extended period of price reductions like penny stock price dips; people assume you will keep lowering the price, like a penny stockLOL
RE agents tend to be good with price help; but average price=$555 or less.
Hi Ken...Was a Realtor for 15 years.
Your timing may not be the best. The best time of year to sell/put on the market, is in the spring. People want to get settled in the summer, so their kids can enter the new school in the fall. From October to February is the worst time to sell. People are thinking of Halloween, Thanksgiving, Christmas (family coming), new years...NOT on buying or selling a home.
Talk to your Realtor about the above. Also, what did your Realtor think you should price the home at?? With interest rates high, you may want to get it close to the selling price (5% above). Also, your wife may have good/great input...Don't discount it.
Others are wrong about lowering the price. If you have two/three buyers bidding up a property it's a win-win. Having it sit over the winter makes for a looong winter.
My wife and I just put our (1/3 of an acre) lot on the market this last week...$320,000. A beautiful location...In a park beltway (walking, bike riding, frisbee). We have in the contract that we will reduce the price to $299,000. within 30 days. We want to be practical about it. WE DO NOT HAVE TO SELL!! But, if a buyer comes along, we will do the deal. We have also agreed with our agent (5 month listing) that if the property doesn't sell, we will give her $1,000. for her time and effort. It's just a way to say thank you for your effort (a friend). Also that $1,000. does give us some incentive to price it correctly.
One last thought...Wasn't able to see the back yard. But if it's in a good neighborhood and the yard is done right...What about drone pictures? Just thinking off the top of my head, flying a drone could get you shot (or have the feds on you) really fast in that city!!
Our lot's drone photos show the parkway really well and the pools in the neighbor's back yards...
PS As a Realtor in the Central Valley of California, I always heard from clients about "it just takes one Bay Area schmuck to sell at my price"!! The problem is there were no Bay Area schmucks...They knew value when moving out to the valley. They paid accordingly for the value they saw...They were wise on the market.
Your timing may not be the best. The best time of year to sell/put on the market, is in the spring. People want to get settled in the summer, so their kids can enter the new school in the fall. From October to February is the worst time to sell. People are thinking of Halloween, Thanksgiving, Christmas (family coming), new years...NOT on buying or selling a home.
Talk to your Realtor about the above. Also, what did your Realtor think you should price the home at?? With interest rates high, you may want to get it close to the selling price (5% above). Also, your wife may have good/great input...Don't discount it.
Others are wrong about lowering the price. If you have two/three buyers bidding up a property it's a win-win. Having it sit over the winter makes for a looong winter.
My wife and I just put our (1/3 of an acre) lot on the market this last week...$320,000. A beautiful location...In a park beltway (walking, bike riding, frisbee). We have in the contract that we will reduce the price to $299,000. within 30 days. We want to be practical about it. WE DO NOT HAVE TO SELL!! But, if a buyer comes along, we will do the deal. We have also agreed with our agent (5 month listing) that if the property doesn't sell, we will give her $1,000. for her time and effort. It's just a way to say thank you for your effort (a friend). Also that $1,000. does give us some incentive to price it correctly.
One last thought...Wasn't able to see the back yard. But if it's in a good neighborhood and the yard is done right...What about drone pictures? Just thinking off the top of my head, flying a drone could get you shot (or have the feds on you) really fast in that city!!
Our lot's drone photos show the parkway really well and the pools in the neighbor's back yards...
PS As a Realtor in the Central Valley of California, I always heard from clients about "it just takes one Bay Area schmuck to sell at my price"!! The problem is there were no Bay Area schmucks...They knew value when moving out to the valley. They paid accordingly for the value they saw...They were wise on the market.
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%%
Pikes Peak, Gardens of God area has hillbillies around there ,also??
THAT could explain the hot market.
Ken, I checked REDFIN+ your agent +RE info/ WOW that is a hot sellers market.
Average days on market[DOM]=13 to23 days
\ but average CO springs home price \$555k
I could probably hold out for 21-23 days. LOL But @ 13 days on market I would want to know what price is a reasonable sell. I've seen RE with DOM of 333 or 666 DOM, usually a red flag.
I sure would not have an extended period of price reductions like penny stock price dips; people assume you will keep lowering the price, like a penny stockLOL
RE agents tend to be good with price help; but average price=$555 or less.
Right re no multiple price dips .. Trying to get offers with DOM< 31. Comps at mid 50s but for houses 2600-3100sft, we have 3900sft, but yeah will likely drop 1 or 2 times
Hey good tips, thx... y re drone pics... the 3d walkthru is good. The realtor is top notch, best by far of the 11 I interviewed. Tough to sell in a 7pct market. House has new roof, deck, central a/etc
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GOOD,By the way, nice home+ all it takes is one buyer
BUT with 3900 is maybe quite a bit/ above average sq ft+ 4 baths above average. But all you need is one buyer. For sure i would wait 31 or 60days to reduce price ; but ask REALTOR.
I priced my best farm @ Hi price, sold timber off it+ took 3 years to sell LOL.
BUT i sold 5 acres once 30 day$, may have underpriced it, but with a cash buyer i did not want to ''say you want to pay over list price?''.
Average DOM in my area was 3-6 months, dont know what it is NOW??%%
LOL/good
AMAZING how much oVerpriced property in WSJ\ that '$ why you see so many bucks off listing price IF it ever sells+ ''off market for 2 years + now back\LOL.''
FSBO tend to do same or worse overprice [for sale by owner]