A Tale of 4 Houses: Part 3.
Another couple, similar to the seller in Part 1 and my clients in Part 2, had me list their home for sale a few years ago. This was another great house 
with a beautiful pool. They did have the home professionally staged (thank you Karen Otto!) and it looked great on the inside. But all the bedrooms were upstairs and multiple neighbors' yards made a less than stellar impression out front.
The house was priced at $239,000, a justifiable number based on a market analysis when listed. However, there were VERY few showings and no offers. The sellers had already purchased and moved to their new home and didn't have to sell. They resisted price reductions as the market declined. After 6 months, I knew the sellers needed to hear from other agents and decided not to extend the listing agreement. The next agent did get a small price reduction. After 242 days on the market, the property finally sold for $179,500.
As a professional real estate agent, part of my responsibility is to track the selling prices of homes. I'm particularly interested in homes in the neighborhoods where I have first-hand knowledge. Had these sellers made price reductions when suggested, would it have sold sooner? Probably. But we'll never know.
This blog post is part of the 31 Days in May Challenge on ActiveRain.
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