Selling my home in Islandia - need ideas (Islip, Central Islip: for sale, how much)

[jgennaro]

Hi all,

We put our house up for sale 2 weeks ago and have heard it's taking 6 months to sell so I want some advice to help get something going. We had an open house but no offers. When we had the realtor open house, they had nothing negative to say. We decluttered, painted, staged, yadda yadda, blah blah, but I want to get some outside ideas. This is where you come in. Any suggestions?

Thanks,

Jenn

[momix5]

Hi, I would add some color in the way of flowers, impatients are cheap, and can add a lot of color.

[jgennaro]

Hi Mom,
Sorry about the crummy wording. I meant "other" ideas not ideas for outside......my bad....sorry about that. LOL. Thanks for the response!!!

[barefoot14]

Have you posted on craigslist?

[momix5]

Hi, sorry but that's funny!and anyhow the plants can't hurt!!!

[nancy thereader]

Is that in the Central Islip school district ? You might have a problem. If it isn't, be sure to mention that in your ad.

[Boxer]

The market on LI is tough. We just sold in Lynbrook for 50,000 less than our asking price which we lowered 2x and much less than the homes sold for last year. I was advised, if you get no one looking your price is 10% too high, no bidders your rpice is 5% too high. We were asking 499 and then listed the house with a range 475-499 this brought in more people....but we ende dup below 475. I would list a range but not put the bottom as your real low number.....

[mom2gurls]

Originally Posted by Boxer

The market on LI is tough. We just sold in Lynbrook for 50,000 less than our asking price which we lowered 2x and much less than the homes sold for last year. I was advised, if you get no one looking your price is 10% too high, no bidders your rpice is 5% too high. We were asking 499 and then listed the house with a range 475-499 this brought in more people....but we ende dup below 475. I would list a range but not put the bottom as your real low number.....

Congrats on getting your home sold! And sounds like even though you lowered your price..its still worked. Shows that you were not being "unrealistic" in trying to get 2004 pricing. I can understand sellers wanting to get as much profit as they can..but if you bought pre "the boom"...you should be able to make some profit...a friend of mine is realtor and she consistently is baffled by sellers who are complaining about "lowering their price or low ball offers" especially if they have been in the home for 10 years before the boom and they bought their home at a real good price. Either way..they are going to make a tidy profit....I guess it depends on how bad you want to sell or have to sell...or how much profit you want to make.

Again..good luck and congrats that you got "out"

[nymlshomes]

Originally Posted by mom2gurls

Congrats on getting your home sold! And sounds like even though you lowered your price..its still worked. Shows that you were not being "unrealistic" in trying to get 2004 pricing. I can understand sellers wanting to get as much profit as they can..but if you bought pre "the boom"...you should be able to make some profit...a friend of mine is realtor and she consistently is baffled by sellers who are complaining about "lowering their price or low ball offers" especially if they have been in the home for 10 years before the boom and they bought their home at a real good price. Either way..they are going to make a tidy profit....I guess it depends on how bad you want to sell or have to sell...or how much profit you want to make.

Again..good luck and congrats that you got "out"

Mom2gurls you are right!! I am also a realtor and have been going through the same ordeal with some of my sellers.

It is my job to get them the most money for their home but unfortunately I can not control the market.

Right now it is no longer a sellers market....it is a buyers market. Until sellers come to terms with this their house will sit on the market for months.

The longer your house is on the market--the staler the listing gets!!

Good Luck to all.

[Boxer]

I would suggest that sellers also watch the contract that they sign with the realtor. I was not told that if the house sold and there was no realtor on the other side that my realtor would get 5% as opposed to the 2.5% that she would have got if there was another realtor involved. I suggest that sellers negotiate this part of the contract to at least 4% especially if the price you get is 50,000 under the asking price. Just my opinion.