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07-25-2007, 12:27 PM
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Member
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Join Date: Jun 2007
94 posts, read 116,624 times
Reputation: 20
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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??
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07-25-2007, 12:33 PM
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Senior Member
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Join Date: Nov 2006
339 posts, read 355,282 times
Reputation: 127
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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.
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07-25-2007, 12:43 PM
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Senior Member
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Join Date: Nov 2006
202 posts, read 284,615 times
Reputation: 67
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Quote:
Originally Posted by Shanlynn1012
But I am someone who needs to sell, so what can I do.
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Lower your price. |
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07-25-2007, 01:15 PM
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Senior Member
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Join Date: Dec 2006
360 posts, read 362,204 times
Reputation: 102
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Agreed. Lower the price. Housing became too expensive too quickly. The market is swinging the other way.
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07-25-2007, 01:19 PM
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Junior Member
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Join Date: Jul 2007
7 posts, read 11,933 times
Reputation: 13
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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:
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07-25-2007, 01:23 PM
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Member
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Join Date: Jul 2007
Location: Somerset (Franklin Township), NJ
26 posts, read 30,916 times
Reputation: 17
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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?
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07-25-2007, 01:28 PM
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LOST!!!!!!
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Join Date: Apr 2007
Location: NJ for now
1,217 posts, read 968,684 times
Reputation: 659
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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.
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07-25-2007, 01:29 PM
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Member
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Join Date: Jun 2007
94 posts, read 116,624 times
Reputation: 20
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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.
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07-25-2007, 01:42 PM
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Senior Member
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Join Date: Nov 2006
202 posts, read 284,615 times
Reputation: 67
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Quote:
Originally Posted by SomersetLife
Lower your price only if you are overpriced.
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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. |
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07-25-2007, 01:43 PM
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LOST!!!!!!
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Join Date: Apr 2007
Location: NJ for now
1,217 posts, read 968,684 times
Reputation: 659
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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.
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