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03-27-2008, 06:45 AM
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"Embrace the suck!"
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Join Date: Nov 2007
758 posts, read 432,348 times
Reputation: 606
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El, if you want to sell it and they are that decided (maybe), do a quick lowering of your price by 5K if you can. That often is a clincher. With 5K they can buy some things for the new house. If I were a buyer, I would be looking for a quick blink by the seller, as in a price reduction to cinch the deal. With it being a buyers market haggling, tell you they have narrowed it down, etc. is an invitation to a price drop.....
Of course I haggle on everything....
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03-27-2008, 09:21 AM
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Waiting Impatiently to Move Home
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Join Date: Nov 2006
1,865 posts, read 1,200,852 times
Reputation: 972
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Quote:
Originally Posted by maine4.us
El, if you want to sell it and they are that decided (maybe), do a quick lowering of your price by 5K if you can. That often is a clincher. With 5K they can buy some things for the new house. If I were a buyer, I would be looking for a quick blink by the seller, as in a price reduction to cinch the deal. With it being a buyers market haggling, tell you they have narrowed it down, etc. is an invitation to a price drop.....
Of course I haggle on everything....
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I agree with a quick, small price reduction.
However, do you know how the house up the street compares to yours? Size, upgrades, price?? Have your agent pull the paperwork and do a side by side comparison to see what you can offer that might make them pull the trigger in your favor. Good luck and fingers remain crossed!
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03-27-2008, 04:35 PM
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Moderator
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Join Date: Feb 2007
1,900 posts, read 1,286,759 times
Reputation: 2741
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Quote:
Originally Posted by Elcarim
We have quite a few slow drive-bys that are getting more frequent. One car slowed, stopped in front, backed up and turned and drove slowly down the side street
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El, you've got to quit sunbathing! 
Seriously though, I've had to impatiently wait for a sale to go through before and I feel your anxiety girl. The great thing about real estate-it only takes one!! 
We're rooting for you.
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03-27-2008, 05:43 PM
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Still Dreaming
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Join Date: Jun 2007
Location: Carefree, AZ
322 posts, read 228,883 times
Reputation: 342
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Good Luck El! I agree with the advise of giving the couple an incentive. Lowering may be one way to go, we were going to try that but were to late and the couple chose the other house because it was cheaper. My realtor didn't suggest it to me so I never thought about it until a friend suggested we try that approach and I was willing. So, I brought it up to my realtor and by that time the couple already made a choice.
So it couldn't hurt to give it a try and it may just be the ticket 
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03-27-2008, 06:32 PM
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Senior Member
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Join Date: Sep 2006
Location: Maine
5,031 posts, read 3,193,589 times
Reputation: 1708
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Quote:
Originally Posted by BacktoNE
I agree with a quick, small price reduction.
However, do you know how the house up the street compares to yours? Size, upgrades, price?? Have your agent pull the paperwork and do a side by side comparison to see what you can offer that might make them pull the trigger in your favor. Good luck and fingers remain crossed!
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We are thinking our only option for a quick sale is a $5K reduction. In our market, the only things moving are the "good deals". We have to make ours a better deal.
But is it appropriate to make an offer to a buyer? That's odd! But they are the ones pulling the strings today! 
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03-27-2008, 06:46 PM
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Member
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Join Date: Aug 2007
Location: santa fe,nm
99 posts, read 70,284 times
Reputation: 146
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Hi Tammy, I asked my Mom (a real estate broker) and she said that offering to lower the price to the buyer is perfectly acceptable. And often is the incentive they need to make up their minds. Good Luck.
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03-27-2008, 06:47 PM
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Waiting Impatiently to Move Home
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Join Date: Nov 2006
1,865 posts, read 1,200,852 times
Reputation: 972
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Quote:
Originally Posted by Elcarim
We are thinking our only option for a quick sale is a $5K reduction. In our market, the only things moving are the "good deals". We have to make ours a better deal.
But is it appropriate to make an offer to a buyer? That's odd! But they are the ones pulling the strings today! 
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We did it when we sold our house in Maine 2 years ago. We knew the buyers were coming from a really large house and had huge furniture that would never fit in our 1380 sq foot cape. We dropped our price $5K (seems to be the magic number) and offered the kitchen dining set and the washer & dryer (not originally included). We had a contract within 24 hours. Now, 7 year old appliances won't do it for most buyers but it represented roughly one thousand dollars they wouldn't have to spend on top of the purchase and that's all it took. You just never know.
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03-27-2008, 07:47 PM
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Senior Member
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Join Date: Sep 2006
Location: Maine
5,031 posts, read 3,193,589 times
Reputation: 1708
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Quote:
Originally Posted by BacktoNE
I agree with a quick, small price reduction.
However, do you know how the house up the street compares to yours? Size, upgrades, price?? Have your agent pull the paperwork and do a side by side comparison to see what you can offer that might make them pull the trigger in your favor. Good luck and fingers remain crossed!
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Yes, our house is the better "deal" between the two, and the other one is priced only $5K lower than ours as it is.
The major difference, which is huge in this area, is that our house is brick on a slab and the other one is frame on blocks. A lot of people here won't even consider a frame house.
Ours is 100' larger and newly remodeled and redecorated. That one isn't. They have a lot more landscaping - we have more yard and a large fenced in area in the back. They do have a garage that we don't have, but we do have a storage building.
There are just so many factors.
I got an email from our agent in response to my question about offering some sort of incentive. She said she has a "great program" she wants to discuss with me and will call me in the morning.
I have no idea what she means.
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03-27-2008, 07:50 PM
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Senior Member
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Join Date: Sep 2006
Location: Maine
5,031 posts, read 3,193,589 times
Reputation: 1708
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Quote:
Originally Posted by BacktoNE
We did it when we sold our house in Maine 2 years ago. We knew the buyers were coming from a really large house and had huge furniture that would never fit in our 1380 sq foot cape. We dropped our price $5K (seems to be the magic number) and offered the kitchen dining set and the washer & dryer (not originally included). We had a contract within 24 hours. Now, 7 year old appliances won't do it for most buyers but it represented roughly one thousand dollars they wouldn't have to spend on top of the purchase and that's all it took. You just never know.
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All of the kitchen appliances are less than 3 years old and NOT cheap models. They are all being included. They should appreciate that!
Hell, at this point, I'll even leave them our huge screen TV!  Less to move!!
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03-27-2008, 08:23 PM
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Waiting Impatiently to Move Home
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Join Date: Nov 2006
1,865 posts, read 1,200,852 times
Reputation: 972
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Quote:
Originally Posted by Elcarim
All of the kitchen appliances are less than 3 years old and NOT cheap models. They are all being included. They should appreciate that!
Hell, at this point, I'll even leave them our huge screen TV!  Less to move!!
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Make sure your agent knows that and conveys the message to the sellers agent!! They both might have been drooling over that TV and knowing they could have it might be the trigger!
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