Are we expecting too much?

[dblackga]

Originally Posted by OHgal123

An update & answer to some questions/statements.

We dropped the price another $10,000 just this Monday and so far nothing. We are now priced at $184,900 so in the scheme of things I am not sure how low priced that is. She had done CMAs but never took into consideration what was currently under contract (at the time of OLP & 4 weeks in) . . . She told us when we listed in August that the first 2 weeks of September should be the hottest time to sell. When we didn't sell or have many walkthroughs & we got concerned.

Well, around here, if a property is under contract, you STILL don't know what it sold for until it actually closes. Most agents hold that sales price close to the chest until closing -- because it is so very, very subject to change after due diligence, concessions, etc. So she couldn't have "taken them into consideration", because likely, she didn't KNOW.

Also, around here, September is pretty draggy. Every is back to school, summer is over. We'll get an uptick in October and November for people trying to close for tax purposes, relos, etc. -- but for the most part, September has always been pretty slow.

What I'm trying to figure out is if NOTHING in your neighborhood has closed over $180 -- why are you at $185? Is there a reason your house is worth more?

[cal-tex]

If you show us the listing; we can give you some free advice. I feel like we're not getting the full story. What's the Walkscore? What does www.floodsmart.gov say about the location? How much are the taxes? What would it rent for.

I've sold 8 homes over the years in three states and two continents. I used a realtor 5 of those times. The common refrain from the best ones was "you can fire me at any time, and vice-versa (just don't try to scam me on a commission)."

Some markets are almost always good; some are practically hopeless Third World Countries. The investors came out strong in 2012, and now they are gone. The first time buyers are in their grandmother's basement, likely years away from being sustainable; let alone buying real estate.