(Closed) Selling home and buying new home questions/advice!

posted 6 years ago in Home
Post # 4
7311 posts
Busy Beekeeper
  • Wedding: October 2011 - Bed & Breakfast

A house should be priced according to comps that have actually sold. So what has actually sold in the last 6 months, and where does your list price fall in comparison? Your agent should be able to justify the suggested new price using actual data. And if you really are motivated and can afford to, there is nothing inherently wrong with listing under market value just to be done with it quickly. Make sure that your price adjustment moves you into a lower search bracket. Like if you are listed at $221 and you drop $20k to $201, you are still in the same search bracket on many real estate websites, which break things into groups per $25k, so all $200-225k houses are grouped together. You want to get into that lower search bracket of under $200k to be exposed to all of those buyers who are searching at that price point.

And how does your house show? Have you consulted with a stager to get tips on how to show it at its best? Decluttered absolutely every surface and put overesized/excess furniture into storage? Neutral paint throughout? Is your house showing at its very best? What feedback have you received from the showings you’ve had? Done an open house? How good are the online photos of your home? Were they taken before you decluttered? Are they bad lighting or bad angles?

Also, since you are in the north east, your market is significantly affected by the weather. It’s winter, it’s cold, it’s snowy, it gets dark early, neighborhoods look bare, etc. so winter is the least prime selling time of year. Buyers will start peeking back out from under the snow in March, and will be out in force by mid-late April in hopes of getting everything taken care of at the end of the school year/over summer break.

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