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COULD USE A SECOND OPINION

By Valerie Osterhoudt

Real Estate Agent with Johnson Real Estate, Inc. RES.0761759

April 20, 2008 11:00 AM

I have this cute and unique one bedroom loft for sale in Country Squire in Cromwell, CT. It is nestled in the woods, and has a lot of charm.

In the days when there aren't that many buyers, I have had a lot of showings... this is good for my client. It is priced ahead of the market at $113,000; MLS #N275989

There have been a lot of the agents that have shown this unit can find anything wrong.. everyone seems to love it. Some have gone back for second showings.

I could use a second opinion, and if you could get back to me with any thoughts as to why this remains active, thank you.

valerie osterhoudt

VALERIE K OSTERHOUDT, ABR
GLEN I. JOHNSON REAL ESTATE, INC.
309 MAIN STREET
CROMWELL, CT 06416
E-mail: Valerierealtor@sbcglobal.net
Website: CTrealtorMLS.com
860-635-0387 (Office)
860-883-8889 (Cell)

Info about the author:

Valerie Osterhoudt is a Cromwell Connecticut Residential Realtor who can assist you with the purchase and/or sale of real estate in the Middlesex County of CT, as well as the surrounding areas. Please visit me at www.CTrealtorMLS.com for all your relocation and/or local needs.

Valerie Osterhoudt, ABR - Johnson Real Estate, Inc. - 860.635.0387 #2 - valerierealtor@sbcglobal.net

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Crystal Bush

I Am Marketing - Atlanta, GA

cute loft, but i think it looks a bit cluttered (in a clean way). i mean, you want it to be furnished, i like for the potential buyers to freely explore the entirety of the home. with so much stuff, it's often difficult for people to plan it to be their own. honestly, i'd take away some of the stuff, but i'm sure it will sell soon, it's lovely. good luck

Apr 20, 2008 11:28 AM

Ken & Linda Pillard

United Country - California Properties - Woodland, CA

ABR, ALC, CRS,CDPE,SRES

I totally understand how frusterating it can be. Because of the economy and large inventories, I have noticed that many buyers are on the fence. Trying to decide which home to choose. Because of this I would do a price reduction one more time to encourage these buyers to step up to the plate and make an offer. Perhaps you will get into a multiple offer situation where the seller will recoop the price reduction or maybe even more. Good luck and keep us posted.

Apr 20, 2008 11:34 AM

Leonard Thomas

RE/MAX Dallas Suburbs - Plano, TX

Valerie. Only two things keep any listing from selling - it's either the Price or it's the Realtor. If you have done everything you promised to do and have created traffic (through showings, contacting your sphere of influence, doing open houses, caravans, internet leads and sign calls) and you have even had second showings, that's usually a good sign it's not the Realtor. If your days on the market is creeping up to or has already sped past the average for the area and all the above is true, it can only be Price. Go get that price reduction!

Apr 20, 2008 12:14 PM

imo, if it were the price, wouldn't she atleast get an offer? maybe you can disregaurd me, i'm just the mortgage broker.

Apr 20, 2008 01:00 PM

George Souto

George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT

Your Connecticut Mortgage Expert

Valerie, I know what the Condo's in that area are selling for, and that price is not out of line. I wonder if you had a Broker Open to try to get some feed back from other Realtors if that might help to try to reveal the problem.

Apr 20, 2008 01:14 PM

Valerie Osterhoudt

Johnson Real Estate, Inc. - Cromwell, CT

ABR, Cromwell, CT Real Estate ~ 860.883.8889

To all that have responded... Thank you.. this condo is listed at the price where the others in the complex have closed at. The CMA's I do are right up there with what appraisers do. I always price listing *ahead of the market*.. not over priced only to reduce it. That would not be good for the seller or the buyer.. I don't play games. I'm looking for the seller to move on, and the buyer to get a good deal.

In my opinion, for what it be worth, is the amount of inventory that is out there.. and buyers now have more than ever, more to choose from.

Apr 20, 2008 01:19 PM

COULD USE A SECOND OPINION

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