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So your house has been listed for a couple of years?

By
Real Estate Agent with Associate Broker, Momentum Realty

 

There is one house that I have been watching for a couple of years now. Yes, you read that right--a couple of years.
 
It has been listed a number of times, taken off the market and relisted. I have shown it to several clients, all of whom are happily living their lives in their new homes now. This listing, however, hangs on. Still listed.
 
The buyers clearly don't really want to sell. If you want to sell, you have to get serious about three things: 1) the price (surprise, surprise) or 2) Buyer access, 3)the condition.  As far as access, are buyers and their agents readily able to see the property? Is it difficult to make an appointment? By condition, I don't mean how well maintained it is (although for a different house, it might mean this), I mean how it stacks up against other homes in its price range. I think we all know what I mean by price.
 
There are certain things that you cannot change about a house: 1) Where it is located,sold 2) the community, 3) the lot on which it sits.  Because these things are static, the seller--and their agent--must control those things which they can control.
 
If your house isn't selling, you owe it to yourself to figure out why. It is is usually pretty straight forward, even if you don't like the answer.  The simple truth is that at a certain price, any house will sell. If you don't want to get to that baseline price point, then you better do the things that elevate your home above the others.This might mean updating the bathrooms, replacing the HVAC, doing some landscaping. Exactly what you need to do depends on the homes that you are hoping to compete with.
 
It isn't rocket science, but it is common sense. You may enjoy having your home on the market for several years. Me, personally, I would rather move on with my life. 
 
When you are ready to get serious about selling your house, I would love to have a conversation with you about how to get it sold--and I can guarantee you that it won't take a couple of years!

 

 

 

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 Momentum Realty

A GREAT Real Estate  experience.

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Comments(5)

Jenna Dixon
Momentum Real Estate Group LLC - Marietta, GA
55 & Over | New Constructions | Horse Farms

It's so disconcerting when we see this.  As much as sellers hate to hear it, IT'S THE PRICE.

Feb 23, 2015 09:35 PM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Seller's will take a stance that they are not going to give their house away and are blind and deaf to the reality of what the agents and viewings show them. 

Feb 23, 2015 09:49 PM
Holly Weatherwax
Associate Broker, Momentum Realty - Reston, VA
A Great Real Estate Experience

Yep, it is always the price. If you don't like the price, then your only option is to increase the value. Of course, a lot of sellers don't want to spend money, either.

Feb 23, 2015 09:52 PM
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

I showed a house over the weekend that I showed 1.5 years ago. It has been on the market 610 days. That's a long time for someone to have their house listed.

Mar 17, 2015 08:21 AM
Holly Weatherwax
Associate Broker, Momentum Realty - Reston, VA
A Great Real Estate Experience

Tammie, there were two properties, in particular, that I was thinking of. They both stayed on the market through several Spring Real Estate Markets and several of my cycles of buyers. Honestly, it really isn't that hard to sell a nice house that is in good shape in a popular neighbhorhood. There is only really one problem--and we all know what it is! One of them has finally sold (around where it should have been priced all along) and the other continues to sit patiently, waiting for that perfect buyer who is looking to overpay.

Mar 19, 2015 04:13 AM