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Hi, I am looking for some advice from you guys about my home that is for sale. It has been on the market 60+ days. First time home seller and I am just not sure my listing agent is taking care of business. Can you guys give me some feedback on the listing and what I could do to make it better. Also to maybe get more showings. We had one offer and we accepted it but the buyer couldn’t get her loan after the rates went up.
MLS #: PW13103828http://www.ziprealty.com/property/289-E-SANTA-FE-CT-PLACENTIA-CA-92870/84069645/detail
Thanks in advance for your help, Jim
Hi, I am looking for some advice from you guys about my home that is for sale. It has been on the market 60+ days. First time home seller and I am just not sure my listing agent is taking care of business. Can you guys give me some feedback on the listing and what I could do to make it better. Also to maybe get more showings. We had one offer and we accepted it but the buyer couldn’t get her loan after the rates went up.
MLS #: PW13103828http://www.ziprealty.com/property/289-E-SANTA-FE-CT-PLACENTIA-CA-92870/84069645/detail
Thanks in advance for your help, Jim
Jim, the good news is that you have really staged it well by decluttering it and making it so nice and tidy.
I do not know your market, but it would seem to me that your price might be an issue.
Did your agent show you comps for the area (what other homes have actually sold for)?
Did your agent advise this price or did you insist upon it?
If you look at the inventory in that neighborhood, you'll find that you are not alone. There are four homes available in your community and they've all been on the market for several weeks--there could be several reasons for this. Of all of the homes on the market in that neighborhood, yours appears to have the nicer upgrades. Beyond that, I can't really say much... but I will try to stop by and preview it sometime soon. Good luck!
Last edited by Joe Van Fossen; 08-08-2013 at 12:59 PM..
While the market in Placentia could be the problem (slow), I'm thinking the price is more likely the issue. Especially once you tack on that $191 A MONTH in HOA dues.
Your price can't be too far out of line since you received an offer. However, if you want to sell, drop the price by a couple of thousand dollars and see if that picks up the interest in the house.
I'm not going to look at your ad, but the people who did take a look seem to think it looks OK.
There might be something in the close by neighborhood that is causing a problem. Not much you can do about that except to drop the price until the low price overrules the neighborhood issue.
I know the price is a concern. It's just a bit hard to gauge. The neighborhood could be better. The area where the Melrose listing is the problem(also that house is 500sf smaller). Also we are next to railroad tracks. It's also a gated community. If the house was in a better area in the city(about a mile away) it would be in the mid 500k's. The house is only 5 years old.
We did price with the realtor's advice. I am not in a big rush to sell so if the price goes to low, then I would take it off the market and try again after the new year.
The one problem I think is that this house is for first time home buyers(like we were when we git it). It seems like the market is void of them. Do you think this is true?
I know the price is a concern. It's just a bit hard to gauge. The neighborhood could be better. The area where the Melrose listing is the problem(also that house is 500sf smaller). Also we are next to railroad tracks. It's also a gated community. If the house was in a better area in the city(about a mile away) it would be in the mid 500k's. The house is only 5 years old.
We did price with the realtor's advice. I am not in a big rush to sell so if the price goes to low, then I would take it off the market and try again after the new year.
The one problem I think is that this house is for first time home buyers(like we were when we git it). It seems like the market is void of them. Do you think this is true?
Five years old huh? So you basically overpaid for it just prior to the housing market collapse?
Five years old huh? So you basically overpaid for it just prior to the housing market collapse?
If the OP's local market had appreciated over the past 3 years, would people say he/she underpaid 5 years ago?
Reality is the owner paid market value, at the point of sale. That was then and this is now. We all feel the OP's pain.
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