Why can't I sell my Suwanee home? (Atlanta, Lawrenceville: real estate, foreclosure)

[Lizzy5]

I have a beautiful home in Suwanee. I have had 20 - 30 showings. It is near great schools and close it 85. Most of the realtors that show my house do not give my realtor feedback. The feedback I do get is positive. Do any of you have any creative ideas on how I can sell my house. My contract with my agent is ready to expire so I am looking for new innovative ways to market my house and get a buyer!

[spacelord75]

Reduce the price. Hate to say it, but I was in a similar situation and spent a full year him-hawing around with the price. Finally this Spring I slashed it $10k (actually sold it at a slight loss, but had to get ride of it since I already owned a new home) to get the jump on everyone else in my development and sold it in about 2 weeks. You have to throw out whatever misconceptions you have about prices from the past couple years and acknowledge that things have changed. Are there other homes in your same development currently for sale? How are you priced relative to them?

[Lizzy5]

I have already dropped the price $40K over the last few months. I can not afford to go any lower. The other 2 houses for sale in my neighborhood are listed higher than mine.

[scgraham]

In this market, this is called in real estate lingo as the "principle of substitution". If your floor plan or something similar to your floor plan can be bought for a lower price, then the buyer will typically purchase the home with the lower price. My advice: see if you are competitive with similar homes in your area.

[peacelover100]

where is suwanee is your home and what is the sale price ? I am looking to buy a home.

[atlantagreg30127]

For one thing, Suwanee while a nice area, is still "out there" for those who work in downtown Atlanta. With rising gas prices and Atlanta's traffic congestion increasing at something like 3% per year (ever year), people are trying to move closer in, not further out. The trick will be to find people who work in Gwinnett who also want to live there too.

Also, while to you it's a great house, what about others? Are there little things that maybe you've got used to seeing that someone else may not like? Cracks here and there? Creeking noises in floorboards or stairwells? Tons of kid's toys laying around when the house is shown, or the smell of cigarette smoke or pets in the air? Curb appearl nice? (fresh shurbs and flowers). Are there any trashy neighbors nearby that potential buyers drive past on the way to your house, Etc. Little things like that can have a big impact.

Other than that if all else is well, like others are saying, right now you have to undersell others in your area who are also selling. Buyers are in that "I have to get a great deal as things haven't yet totally bottomed out yet" mode.

[Georgia]

Your suffering is equal to many nationwide, but also many in Gwinnett.
Since this county has been controlled by developers for developers for so many years they now have a housing glut.
Suwanee is no exception, from Suwanee to Buford, to Dacula, to Lawrenceville, if there was a piece of grass over the last 5 years it was bulldozed for another development.

Sounds dreary, but all you need to do is ride around and see developments in stagnation, paved, sewer ready, vacant developments in foreclosure, and a Real Estate Book over 200 pages wide.

The best thing to do is ride it out if you can.

Good Luck

[Workerbee12]

How old is your house?

Do you have neutral colors?

Does work need to be done?



If your neighbors place sells before your and their's is listed hight then that is a CLEAR sign that there is something wrong with your place.


Secrets That Sell : Home-Staging Tips From Donna and Shannon Freeman : Shows : Home & Garden Television

[brookdaleresident]

Originally Posted by Workerbee12

If your neighbors place sells before your and their's is listed hight then that is a CLEAR sign that there is something wrong with your place.

One house could have a different floorplan that a particular buyer prefers. No two houses (or buyers) are exactly alike. While there are reasons one house is preferred over another, I don't think it must mean something is wrong with the other house.

[Lizzy5]

Thanks everyone for all of the advice. I keep the house clean, no pets, no smoke, in a sought after neighborhood, etc... I remodeled it when I bought it 3 years ago and I had the basement professionally finished, so it does show very well. My question is how to market it. With so many houses on the market I am trying to find out if going with a bigger broker will help. Are there special, unique ways to find Gwinnett buyers? Are there better brokers who close more deals than others?

Some of you were asking about the listing number. Here it is:

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