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About it being inheritance property, didn't you say it was your dads house? Not only that but it's obvious from the decor that it belonged to someone older who's been in the house a long time, meaning the the mortgage is probably paid off or very small.
Often people that sell an inherited house are less concerned with making a big profit on the house, than in selling the property quickly, especially if the house is part of an estate that needs to be split up between several heirs. Many buyers are going to assume that the seller is willing to take less profit in order to move the property more quickly. Since there is usually little or no mortgage sellers often will do just that.
When my brother sells my dads house he will price it low just to get the whole deal done and over with as quickly as possible since he will be handling the transaction from out of state. His profit will be decent, but not great, and some lucky buyer will get a pretty good deal out of the sale.
I also wanted to point out that the closer you are to listing your house at the correct price, the less your buyers will feel the need to bargain you down so much(although there will always be people trying to lowball you, LOL).
When I went to buy my house I felt like the asking price was pretty close to what the house was worth and my first offer was only 3% below asking.
If it had been listed at a price I considered too high I probably would have adjusted my offer to 6% or 7% off the list price. I think if your price is more in line with what the house is worth most buyers adjust their offers accordingly.
I don't think you need to leave such a great big gap between what you ask and what you are willing to accept. You need to leave a little bit of wiggle room in your price, just so the buyer can feel like they got a deal of some kind.
the first time my agent visited the house and gave it a good look inside and out, they said it should sell for 180-190.
If that was "false hopes", then the joke was on me.
I inherited the house, but that does not mean I won't decide to just live there. I'm not the average (inheritor-need to-got to sell) because I got my own home, because I don't. I need the money for other life time projects that have left me behind at age 59.
My father was 88, though the house was built in 1982. He built the family house in 1961 after they had rented for years since my birth. Then he was forced to leave home and went out and built his own.
I'm asking my agent to analyze another listing that was built in 1970, less land than mine, less square footage than mine, pink, and purple walls, and selling for well over 180. My home is in a much better location.
I had alot of wiggle room during the last half of April. Savings for a buyer of $30,000 sounded wiggly. There was the $8000 credit (maybe $6500) and a reduction from me to 178 from the 199,900.
I also remember the couple who looked at my house, when I was not able to sell it, and that is why I set the price at 195,900. They were not in any hurry to move, and they looked very closely at mine in late March, knowing the deed would be in my name mid April. Extensive look inside and out and time to go. Nope, she wanted to look inside one more time. The guy asked me, so you are asking 195? I had several ways to answer that question. I just said yes. He may have felt that was firm. It was not of course. I think they came very close to desiring my house, but the square footage was the stumbling block, even for a retired couple. Of course my price was 195 or best offer, 195 hopefully, etc. I hope my yes did not discourage an offer. Surely buyers know they can make offers.
That couple was more than a nibble near the hook. They were close to wanting it to get out of their state and into mine, which was only about 30 miles, and they had friends in the neighborhood, and they were fed up with their home owner's association, wanted public water and sewer, etc. So, there were alot of positive's for them with my house. I was advised, never call a buyer-looker back. Let them call you back. I did ask my agent to call them end of April to ask if they had any interest before it was listed. For sale by owner's don't get as much exposure, but the lady said they still had not decided on one. They're in a subdivision but want out.
the first time my agent visited the house and gave it a good look inside and out, they said it should sell for 180-190.
If that was "false hopes", then the joke was on me.
I inherited the house, but that does not mean I won't decide to just live there. I'm not the average (inheritor-need to-got to sell) because I got my own home, because I don't. I need the money for other life time projects that have left me behind at age 59.
My father was 88, though the house was built in 1982. He built the family house in 1961 after they had rented for years since my birth. Then he was forced to leave home and went out and built his own.
I'm asking my agent to analyze another listing that was built in 1970, less land than mine, less square footage than mine, pink, and purple walls, and selling for well over 180. My home is in a much better location.
I had alot of wiggle room during the last half of April. Savings for a buyer of $30,000 sounded wiggly. There was the $8000 credit (maybe $6500) and a reduction from me to 178 from the 199,900.
I also remember the couple who looked at my house, when I was not able to sell it, and that is why I set the price at 195,900. They were not in any hurry to move, and they looked very closely at mine in late March, knowing the deed would be in my name mid April. Extensive look inside and out and time to go. Nope, she wanted to look inside one more time. The guy asked me, so you are asking 195? I had several ways to answer that question. I just said yes. He may have felt that was firm. It was not of course. I think they came very close to desiring my house, but the square footage was the stumbling block, even for a retired couple. Of course my price was 195 or best offer, 195 hopefully, etc. I hope my yes did not discourage an offer. Surely buyers know they can make offers.
That couple was more than a nibble near the hook. They were close to wanting it to get out of their state and into mine, which was only about 30 miles, and they had friends in the neighborhood, and they were fed up with their home owner's association, wanted public water and sewer, etc. So, there were alot of positive's for them with my house. I was advised, never call a buyer-looker back. Let them call you back. I did ask my agent to call them end of April to ask if they had any interest before it was listed. For sale by owner's don't get as much exposure, but the lady said they still had not decided on one. They're in a subdivision but want out.
These people did not buy your house nor did they even put an offer on paper.
The fact that these people looked at your house at 195K has absolutely nothing to do with what your house will sell for. Nothing.
no purchase and no offer, but price did not scare them away.
They looked too long and had too many questions that were not related to price.
They gave it a good look befoe they set the appt. and a good look afterward.
Contrary to these drink swinging people being brought by agents. My agent will contact the state Realtor Association or whoever overseas agents who exhibit such behavior and disregard for other people's property.
Do yourself a favor. Pretend those people that looked at your house never existed.
Amen! The bottom line is the house hasn't sold, and all of your conjecturing about why or who looked and who liked and who almost possibly maybe in Never Land was going to buy it DOESN'T MATTER. No one has made you an offer. They found either found a better house at the same price or maybe the same house at a lower price, whatever the case may be, all your listing has done is help other people sell their houses, because they've been able to take your place and use it for comparison and know that they can do better.
If you are serious about selling you need to address the factors getting in the way of that goal. Take the advice on here & stop trying to read the minds of the people who looked at the house. Sorry, but if you want to sell, it's time to poop or get off the pot.
We're also talking the Deep South. Price could have been an issue in the serious showing you had but it didn't come up during the discussion in the name of Southern politeness. Or they decided that since they were taking a pass for other reasons, they didn't want to cause a fuss with you by saying that the home was overpriced.
the first showing by my agent went well. The couple is wanting to downsize from their current $250,000 home. They loved the layout, they were there 45 minutes, they had driven by several times before asking for a viewing, they both already had ideas on updating they'd do as they said they had updated before, they liked the location and the yard. They already stated that they thought it was priced too high, so there may be a followup conversation between them and my agent, and we'll go from there. By the way, the wife said the cabinets were immaculate and would be perfect, until they updated, as their plans would be to slowly do things as they went along. This feedback and showing was an about face from the ones with those other agents back in late April.
They did not make an offer and maybe they won't. But, my agent said they did not say one negative thing about anything, even things needing repair, etc. The husband brushed alot of it off.
the first showing by my agent went well. The couple is wanting to downsize from their current $250,000 home. They loved the layout, they were there 45 minutes, they had driven by several times before asking for a viewing, they both already had ideas on updating they'd do as they said they had updated before, they liked the location and the yard. They already stated that they thought it was priced too high, so there may be a followup conversation between them and my agent, and we'll go from there. By the way, the wife said the cabinets were immaculate and would be perfect, until they updated, as their plans would be to slowly do things as they went along. This feedback and showing was an about face from the ones with those other agents back in late April.
They did not make an offer and maybe they won't. But, my agent said they did not say one negative thing about anything, even things needing repair, etc. The husband brushed alot of it off.
Potential buyers can blow all kinds of sunshine up your butt. Actions speak louder than words. They didn't make an offer.
How many people have to tell you the price is too high?
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