Real Estate Market (Weston, Eustis: mortgage, loans, fsbo)

[DadofTwo]

Our house is on the market in Eustis ... we have been listed for a month now and no action yet !!!! Any suggetsions on to help sell .... I know the market is slow and for buyers so I don't want to hear whining just good suggestions on how to get interest ...we are in the historic part 2000 plus sq ft and priced at appraisal. thanks. and good luck to others trying to sell !!!!

[Prichard]

One month isn't that long, I'd first just try being patient for at least two to three more months. The days of getting your house sold in one to two months are gone for the near future.

Make sure that it is listed in the MLS.

Make sure that your house has "curb appeal" - professional landscaping and some outdoor sprucing up can help.

Make sure that your house shows well inside - a good realtor should also be a good decorator. If your realtor is good at this, follow his/her advice unquestionably regarding decor. Now is not the time to show off your collections or "unique" decorating tastes.

Eustis is a slow moving market right now. I hate to say this, but listing it at a price based on an appraisal that is even a few months old may be too high to generate quick interest. Appraisals don't mean much when people start dumping their houses just to get out from under their loans. So, if you need to move your house quickly and time is not on your side, do the obvious - lower the price.

You can offer owner financing, but most people aren't in the position to offer this, nor do they have the temperament to deal with late payments and deadbeats.

Is the house listed in the local paper classifieds? Or in any other publications? What is your realtor doing for you as far as marketing, other than just sticking it in the MLS?

[jhlcomp]

Don't feel bad. I live in south Florida in an area called Weston. There are 3 hourses on our block of 9 houses - one has been on the market 8 months and doesn't have any curb appeal. The other, which does have curb appeal, has been on the market 4 months. The last one, the nicest of the 3, 3 weeks. And they are all priced for the current market.

Very, very little is moving.

[Jammie]

DadofTwo~have you done anything besides list it with a realtor? Have you tried FSBO? Also, toward the bottom of this site, there is a classified section and you're free to list your home there.

But like the two previous posters said, a month really isn't a long time. Two years ago it'd probably be sold by now, but it seems it's a totally different market now.

[Dee2e]

Originally Posted by Prichard

One month isn't that long, I'd first just try being patient for at least two to three more months. The days of getting your house sold in one to two months are gone for the near future.

Make sure that it is listed in the MLS.

Make sure that your house has "curb appeal" - professional landscaping and some outdoor sprucing up can help.

Make sure that your house shows well inside - a good realtor should also be a good decorator. If your realtor is good at this, follow his/her advice unquestionably regarding decor. Now is not the time to show off your collections or "unique" decorating tastes.

Eustis is a slow moving market right now. I hate to say this, but listing it at a price based on an appraisal that is even a few months old may be too high to generate quick interest. Appraisals don't mean much when people start dumping their houses just to get out from under their loans. So, if you need to move your house quickly and time is not on your side, do the obvious - lower the price.

You can offer owner financing, but most people aren't in the position to offer this, nor do they have the temperament to deal with late payments and deadbeats.

Is the house listed in the local paper classifieds? Or in any other publications? What is your realtor doing for you as far as marketing, other than just sticking it in the MLS?

Good advice! The average time on the market is nearly 100 days. The key is the pricing. If the home's priced well, it will sell.

Good luck!

[jbravo]

Originally Posted by DadofTwo

Our house is on the market in Eustis ...
Any suggestions on to help sell ....

One suggestion: lower the price.

Forget the "appraisal." For the first time in years (way back to the 1970s) appraisers are checking off the box titled "are prices declining in the area?"

By the way, I live in Mt. Dora and know builders here. "Slow" is an understatement. The president of Lake County builders association said it was a "depression."

Originally Posted by DadofTwo

.... I know the market is slow and for buyers so I don't want to hear whining just good suggestions on how to get interest ...
...

Same suggestion: lower the price.

_

[emb2519]

Prichard is right on. An appraisal means very little, if nothing in this market. I hope that your realtor did not suggest listing your home at appraisal price? The key to selling property in this market is price, curb appeal, and the inside must be in tip-top showing condition. Even if your price is right on with the market or even under, and your house has excellent curb appeal, and shows great, you can still plan on a minimum of 4 months on the market. Just for kicks you could check out some books on Feng Shui and / or bury a statue of St. Joseph upside down in your front yard facing the house. It can't hurt anything.

[maggiekate]

Originally Posted by DadofTwo

Our house is on the market in Eustis ... we have been listed for a month now and no action yet !!!! Any suggetsions on to help sell .... I know the market is slow and for buyers so I don't want to hear whining just good suggestions on how to get interest ...we are in the historic part 2000 plus sq ft and priced at appraisal. thanks. and good luck to others trying to sell !!!!

my thought, is to offer say 3000, towards floors, or closing, hold strong.
oh, the latest is a staging, ? me i would do the 3000.

[Annie31]

I agree with the others, there has been homes on the market for months, alot of people are lowering prices, offering special things to the buyer, taking care of the closing costs for the buyer. Now a days if you really want to sell your home and move, then you have to do one or another. Older friends of ours lives in the Villages and they hold 2 mortgage payments, there other home just won't sell, it is very nice, they have dropped the price twice, put it up for rent for 6 months, nothing, put it back on the market with another real estate company and hoping for the best, the home has been on the market for a little over a year now. You see some people offering buyers screen tv's or a cruise and alot of other things, but that is what it has came down to now a days to sell a home, sometimes you get lucky and it doesn't take to long, but if it does then you need to consider dropping the price or other things to get someone to buy it. Good Luck!

[DadofTwo]

thanks for the adv ice.....we just dropped our price by 10,000 so we hope that helps......we dol plan to offer the buyer some kind of incentive.....any ideas on ways to ,arket the house beyond the mls? thanks.