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Old 09-26-2012, 07:06 AM
 
Location: Sterling, VA
1,059 posts, read 2,623,292 times
Reputation: 613

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Quote:
Originally Posted by VRE332 View Post
a little trick that I have seen is once the house has been listed for 60 days, your sneaky seller's agent will change the status to off-market to Active just to reset the number of days on the market. See, potential buyers will ask themselves why has this listed for so many days, but the agents being tricky with status changes just in case the potential buyer is not doing their research.
I agree that the seller's agent sometimes does this but no one is fooled by this. The information available to the buyer's agent shows the number of days for the current listing and also the total number of days the property has been listed. All agents have access to the full listing history, which will show in detail any changes made to the listing after the initial data input.

As far as listing in the fall or winter, my husband and I have bought two homes in December due to relocations. If the home is in good condition and priced at the market, it will sell.
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Old 09-26-2012, 07:15 AM
 
Location: McLean, VA
790 posts, read 1,604,984 times
Reputation: 556
Margery is right -- and I also think savvy buyers will often know, on their own, that a house has gone on and off market. Why? People stalk the internet and supply is so low right now, it's not hard to spot a property like that. I watch a few areas (Reston, McLean mostly) and often recognize the pictures/property. Personnally, it makes me wonder what is wrong with the property.
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Old 09-26-2012, 09:41 AM
 
Location: Washington, DC & New York
10,830 posts, read 26,341,583 times
Reputation: 6895
Many times in this area, the only thing that is really wrong with a stale listing is unrealistic sales price expectation by the current owner, as there are few houses where things cannot be easily remedied, such as dated decor. Even structural problems can be cured by demolition if the property is priced accordingly, though things like murders, deaths, even suicides can be very off-putting to many, myself included.
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Old 09-26-2012, 10:54 AM
 
Location: D.C.
2,206 posts, read 1,831,742 times
Reputation: 3476
I tend to agree with this too. At first, my response was to wait to include it in the feeding frenzy that comes with the blooming of the dogwoods. But, realizing that I too bought my house last November as the high-water mark of home prices (back then) in my neighborhood, I think it's all about price. Supply is sooo low around here for decent housing. As long as Jimmy Hoffa is living in your basement, I think you can sell it whenever you want. Plus, hey, it's an election year and anything could happen. We might have a whole new crop of residents heading our way around that time...
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Old 09-26-2012, 02:30 PM
 
Location: Zone 6B ~ Northern VA
1,775 posts, read 2,375,349 times
Reputation: 554
This statement is what concerns me. The price you want may not be the price a buyer is willing to pay or what the home is worth.

Follow the 10/10 rule: 10 days from when your house goes on the market or 10 potential buyers have looked at it and you are not getting an offer, then the home is most likely over priced and its time for a price reduction.

Quote:
Originally Posted by dtt99 View Post
I am not in a rush. I just want to sell it fast and at the price I want.
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Old 09-27-2012, 09:20 AM
 
62 posts, read 218,191 times
Reputation: 17
Quote:
Originally Posted by movin2Reston View Post
This statement is what concerns me. The price you want may not be the price a buyer is willing to pay or what the home is worth.

Follow the 10/10 rule: 10 days from when your house goes on the market or 10 potential buyers have looked at it and you are not getting an offer, then the home is most likely over priced and its time for a price reduction.
Thanks for the advise. I have to strike the balance between price and speed. I plan to price it 5% above market value and if I don't get offer in a week, I might lower to market value.
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Old 10-04-2012, 06:46 PM
 
Location: Northern Virginia
274 posts, read 595,657 times
Reputation: 99
Yeah, there are some agents that do that, but other agents can see the trick (true DOM). Take an over-priced listing (to get more sellers/buyers who will work with your team), lower the listing price with a "new" listing. It doesn't help the seller at all, it leads to frustration. And if you list in March, the frustration results in a Withdrawal by May, thus missing a good part of the selling season. And I'd bet in most cases that the seller isn't even aware that this tactic is used. It's not in the best interest of the client, IMHO, and it also skews true number of listings and days on market.

Quote:
Originally Posted by VRE332 View Post
a little trick that I have seen is once the house has been listed for 60 days, your sneaky seller's agent will change the status to off-market to Active just to reset the number of days on the market. See, potential buyers will ask themselves why has this listed for so many days, but the agents being tricky with status changes just in case the potential buyer is not doing their research.
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