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Comp Vinyl

July 25th, 2010

Comp Vinyl

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Comp Vinyl
Why won't our home sell? Any suggestions?

Home for sale since June. FSBO for two and a half months. Then listed with a very good Realty firm and agent. Listing expired after 3 months and we decided to bring the price down a bit and relist with same firm. House priced correctly for neighborhood. Home next door sold within a month at a certain price above ours--( a bit bigger but not as many amenities-had carpeting and vinyl throughout and needed mega renovations water problem also!) We have hardwood, ceramic and marble flooring , in move in condition and staged to sell). A house across the street also was a great comp and sold a year and a half ago. Realtor has done everything you could possibly do! We don't believe bringing the price down or changing realtors is the answer. The home is beautiful. (Not just saying that because it's ours.) Great location for commuters and the lot is totally level. 4 people are interested but want to "steal" it! Much interest & activity.. Did Open Houses. What more can be done?

i love your question. your home sounds exactly like ours.
we also started out as a fsbo for 2 weeks-then listed with a realtor
we have been on the market for 15 months- all remodeled with corian kit counter top and cherry wood cabinets, loaded with ceramic tile, priced right for the neighborhood, level corner lot,
excellent curb appeal-we have reduced our home several times
it is now priced less than we have in it. just makes me sick, but i want to move and my patience is running out. other homes in this area have sold for faster than others-but-here we sit........
i don't know what the answer is - i even did away with all the cheap builder fixtures and plumbing and upgraded. even put in a
new all leaded glass front door with side lights. when you state the 4 buyers want to "steal it" , my question is are you moving to another home that will increase in value enough for you to take a
loss here and make it back in another home. that's what we have talked about. if you have a serious qualified buyer, ready, willing and able try to get a meeting of the minds and move on.
i truly understand your frustration and wish i had an answer, but
your not alone in this declining housing market we are in today.
you can also look at this as an opportunity to find yourself another
home where the seller is willing to take less than offered.
this truly is a nightmare trying to sell a home in todays market.
you have my blessing and i wish you alot of luck in both selling and purchasing a new home.

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