U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > New Jersey
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
Reply Start New Thread
 
Old 07-25-2007, 11:27 AM
 
94 posts, read 240,736 times
Reputation: 21
Default So is the sale of my home hopeless?

From what my realtor is saying and the amount of response to my house I am beginging to think it is. Everyone is saying it is the market and it is a bad time to sell. But I am someone who needs to sell, so what can I do. Do you guys think the market is hopeless??
Reply With Quote Quick reply to this message

 
Old 07-25-2007, 11:33 AM
 
Location: Cream Ridge, NJ
401 posts, read 1,253,214 times
Reputation: 243
If the price is right, you will sell your house. There are many people who want to buy houses but sellers are asking too much. This is not the same housing market that it was 2 years ago. Sellers need to lower their prices.
Reply With Quote Quick reply to this message
 
Old 07-25-2007, 11:43 AM
 
202 posts, read 693,568 times
Reputation: 95
Quote:
Originally Posted by Shanlynn1012 View Post
But I am someone who needs to sell, so what can I do.
Lower your price.
Reply With Quote Quick reply to this message
 
Old 07-25-2007, 12:15 PM
 
510 posts, read 1,142,884 times
Reputation: 180
Agreed. Lower the price. Housing became too expensive too quickly. The market is swinging the other way.
Reply With Quote Quick reply to this message
 
Old 07-25-2007, 12:19 PM
 
7 posts, read 28,363 times
Reputation: 18
Question moving

Lower your price. We moved out of NJ 2 years ago, best thing we ever did. Why any one would WANT to move there is beyond me:
Reply With Quote Quick reply to this message
 
Old 07-25-2007, 12:23 PM
 
Location: Somerset (Franklin Township), NJ
26 posts, read 79,519 times
Reputation: 19
No, not hopeless - just very slow. There is some activity out there. Lower your price only if you are overpriced. Price it within the current market. Lowering your price is not a marketing strategy. Take a look at comps (what's selling, what's not) and make sure your home shows well. It's a tough market right not - very flat. Potential buyers have to sell their homes in order buy another. How long has your home been on the market?
Reply With Quote Quick reply to this message
 
Old 07-25-2007, 12:28 PM
 
Location: NJ for now
1,225 posts, read 2,016,460 times
Reputation: 687
I am in the same boat as you are. reduced twice. My house is in good shape, needs very minor touch up. The house across the street priced there house $10k less than mine, and got 3 contracts in the first week. WTF...I'm negotiable. This is just a asking price.
Reply With Quote Quick reply to this message
 
Old 07-25-2007, 12:29 PM
 
94 posts, read 240,736 times
Reputation: 21
We have been up for two months, it is priced at 279K in ocean county it jsut appraised at 289k so i think we are priced OK. Other homes on my block are priced above or right where I am. It stinks. I feel liek if my realtor is loosing hope I am really screwed.
Reply With Quote Quick reply to this message
 
Old 07-25-2007, 12:42 PM
 
202 posts, read 693,568 times
Reputation: 95
Quote:
Originally Posted by SomersetLife View Post
Lower your price only if you are overpriced.
If no one is even coming to look at her house at her current price, her home IS overpriced.

Shanlynn1012, the market value of your home has NOTHING to do with its appraised value. The market value of your home is determined by the market: the buyers.
Reply With Quote Quick reply to this message
 
Old 07-25-2007, 12:43 PM
 
Location: NJ for now
1,225 posts, read 2,016,460 times
Reputation: 687
Well my price is now the same as the market value. Been up for 2 1/2 months...Depressing when the house across the street gets a contract the first week.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:



Over $79,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New Jersey

All times are GMT -6.

2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top