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Just curious, if you knew then, what you know now, would you have priced any differently from the start, say $35K less than your original price?
Thanks to all for your good wishes...and luck to you, Dogmom, it will happen. In answer to the above question, my husband and I talked about that very thing, and the answer is Yes, Yes, Yes. We literally chased the market down. When we first started, my husband had a certain amount in mind, and truthfully, I always thought it was too high, but I let him make the decision. But more houses went up, and prices came down. We had no other choice but to follow. Time passed very quickly and we soon found ourselves with an price that even I thought was too low. However, in this market, what can you do? I have a neighbor who before he put his house for sale, redid everything; the house is gorgeous and really priced fairly for what he had done to it. However, he is 8 months in with no offers. He gets told that the house is beautiful, but too much money. His home was priced $20,000 more than mine, but again, completely updated. He will sell his house when he lowers it more, but I don't think he will be very happy. We got to a point where we were going to remove our carpets and put in hard wood floors in the living and dining rooms. My neighbor had already done that. My realtor advised us not to, just lower the price to what we would have spent on the flooring. That's what we did, accepted a lower offer than what we wanted and the house sold. I honestly hope I never have to go through this again.
Thanks to all for your good wishes...and luck to you, Dogmom, it will happen. In answer to the above question, my husband and I talked about that very thing, and the answer is Yes, Yes, Yes. We literally chased the market down. When we first started, my husband had a certain amount in mind, and truthfully, I always thought it was too high, but I let him make the decision. But more houses went up, and prices came down. We had no other choice but to follow. Time passed very quickly and we soon found ourselves with an price that even I thought was too low. However, in this market, what can you do? I have a neighbor who before he put his house for sale, redid everything; the house is gorgeous and really priced fairly for what he had done to it. However, he is 8 months in with no offers. He gets told that the house is beautiful, but too much money. His home was priced $20,000 more than mine, but again, completely updated. He will sell his house when he lowers it more, but I don't think he will be very happy. We got to a point where we were going to remove our carpets and put in hard wood floors in the living and dining rooms. My neighbor had already done that. My realtor advised us not to, just lower the price to what we would have spent on the flooring. That's what we did, accepted a lower offer than what we wanted and the house sold. I honestly hope I never have to go through this again.
I have never heard the term 'chasing the market down'..it's a rotten game, isn't it. I think its the husbands who have these lofty ideas about worth. What the house is worth is what someone will pay for it. At least these couple hubbys, huh.
When this sells, we are taking a time out. no house purchase for at least 6 months, we are tired and burned out and need a vacation from all this mortgage and bill paying...we have our teeny 700 sq foot mobile home in western WA state, we can put the goods in storage, grab the dogs and head up there for a while. Yep, tiny and cramped, but no payments except small space rent, it is paid for...actually the more i think about it, I could be very happy there for a while..
Our listing expires in a couple weeks, maybe we should do one more drastic drop and see what happens...any thoughts on that...we are at 439,000. maybe we should go to 399,999? The worst that can happen is it sells...but on the other hand honestly if we got an offer today it would probably be for that anyway...i dunno..any words of wisdom out there?
Congrats on your house selling and best of luck to you.
Dogmom - I wish you luck selling your house soon and the mobile home sounds comfy.
I started at 259K then went to $239K and have just lowered to $230K. 22 acres with beautiful views of the mountains and a house with all major systems new with thermal windows and doors. I just keep hoping someone will apprecaite it like I did when I first saw it and buy!!!!
Thanks to all for your good wishes...and luck to you, Dogmom, it will happen. In answer to the above question, my husband and I talked about that very thing, and the answer is Yes, Yes, Yes. We literally chased the market down. When we first started, my husband had a certain amount in mind, and truthfully, I always thought it was too high, but I let him make the decision. But more houses went up, and prices came down. We had no other choice but to follow. Time passed very quickly and we soon found ourselves with an price that even I thought was too low. However, in this market, what can you do? I have a neighbor who before he put his house for sale, redid everything; the house is gorgeous and really priced fairly for what he had done to it. However, he is 8 months in with no offers. He gets told that the house is beautiful, but too much money. His home was priced $20,000 more than mine, but again, completely updated. He will sell his house when he lowers it more, but I don't think he will be very happy. We got to a point where we were going to remove our carpets and put in hard wood floors in the living and dining rooms. My neighbor had already done that. My realtor advised us not to,just lower the price to what we would have spent onthe flooring. That's what we did, accepted a lower offer than what we wanted and the house sold. I honestly hope I never have to go through this again.
You have a sharp Realtor. I am sure it feels good to move on. Just for fun, leave some dirty dishes in the sink, cause no one will know.
Our listing expires in a couple weeks, maybe we should do one more drastic drop and see what happens...any thoughts on that...we are at 439,000. maybe we should go to 399,999? The worst that can happen is it sells...but on the other hand honestly if we got an offer today it would probably be for that anyway...i dunno..any words of wisdom out there?[/quote]
Dogmom, I can only tell you what I did. We lowered the price $15,000 than the lowest priced house in the neighborhood, and then accepted an offer of another $15,000 lower than that. Again, not the best ending to our house sale, but an ending, and God I'm glad it's over.
Our listing expires in a couple weeks, maybe we should do one more drastic drop and see what happens...any thoughts on that...we are at 439,000. maybe we should go to 399,999?
Why would you want to give that kind of gift to your current agent? I'd only do it if the agent is willing to make a major concession on the current commission terms. As we know, no sale=no commision at all, and you're ready to walk away from the agent when the listing expires, correct?
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