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You have to go back to 2013 to get any more comps of similar houses on my street, and 3 sold for $244,900-$245,000. I don't know how much they paid in closing costs. That is where we based our original asking price in Sept....$244,900. Based on the most recent sales (at that time) on our street. We are now at $235k. If we dropped it to $225k tomorrow, there probably wouldn't be an increase in showings or offers....because it's SLOW right now! This is not the OC or Bay area, or even Atlanta. Listings don't fly off the MLS in a matter of days, no matter what the price point. I can't understand why you don't get that.
Since you seem to have all the answers, I'm not sure why you keep asking questions.
I know I am going to regret jumping in here, but I can't help it.
You keep asking (in this thread and others) why your property isn't selling, how you can make it stand out, etc.
The answer is price. It's obvious to everyone but you, apparently.
unless you are willing to cut the price so much its a steal. most people are happy with a fair price.
where were you when the market crashed? They were people that actually owed more then the house was
worth. NO matter how cheap they priced the house sat. That is why we had the wave of foreclosures.
In my opinion I think its difficult to sell houses in the 150 to 250 price range. Unless you are in CA. NY or any of the states where housing is crazy expensive. People still have not bounced back in many parts of
the county and this price range is not exactly a entry level home, and the people that can buy comfortable
at this range usually go for higher price ranges.
Just like I use to tell my husband who was a small home builder, if he had stuck to entry level homes
in this area he would have been wealthy, instead he got into big custom homes, which some have foreclosed on these days.
I took a quick look when the house was priced, but there was a bit of a wave of sales in 2014 then things seemed to stall. So, right out the gate we cut 10,000. But you know since I am listed, I am leaving it to the realtors to worry over stats. Why they getting the big bucks!
I know I am going to regret jumping in here, but I can't help it.
You keep asking (in this thread and others) why your property isn't selling, how you can make it stand out, etc.
The answer is price. It's obvious to everyone but you, apparently.
See, even you have been swayed by the replies. Not once have I asked this forum why my house hasn't sold. I've asked 2 questions. (1) why are most realtors lousy at giving feedback; and (2) is there anything I can do to help house show better to a couple who was picking between mine & another one.
Those are the 2 questions I've asked. I'm not shy...if I wanted to ask why it hasn't sold, I would say "Hey, realtors, why hasn't my house sold?"
To Echo what Green valley said, I think this price point is kind of weird. It's more expensive than a starter house, but like GV said....people who can comfortably afford it go ahead & stretch their budget a little to get something bigger.
I took a quick look when the house was priced, but there was a bit of a wave of sales in 2014 then things seemed to stall. So, right out the gate we cut 10,000. But you know since I am listed, I am leaving it to the realtors to worry over stats. Why they getting the big bucks!
But, you were under contract within half the time that the OP has been on the market.
There must be some similarity you noticed, for you to post your note that you have gone through the same thing as she is.
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Not always about price.
