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Advice on driving in buyers for a 2 master bed condo....

By
Real Estate Agent with Boulevard Financial Group

Hello All!

 I am hoping you can help me with some advice.  I have a great condo on the market but it has been on the market for 7 months now.  We have had one TFT Transaction Fell Through and now I need to generate another buyer stream into the condo to make sure it sells.

Problem... The mls states Many Days! I no longer get many replies from my craigslist ads and I am not getting walk throughs in my open houses....

Here is what I have done.  I have restaged the place so it looks new and different - better, more upscale.  Well partially restaged.  I still need to do one bedroom.  I added it to new mls's in close areas and have readvertised the place.  I have gone door to door (and found more possible listings) but no buyers.  I have had open houses with Balloons etc. for 3 weeks in a row.

What am I missing? Any ideas for a listing client who is tapped out and broke?  His condo is vacant now and he really really does not want to move back in as now he lives elsewhere.

Client has called and wants to drop the price 100 dollars only.  to break the 330K range and get into the 220K range. What do you think?  Do you have any advice?

Thanks for all your replies!

 

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James Gordon
Sibcy Cline Realtors® - Cincinnati, OH
REALTOR, PBD SFR SRS
A 100.00 drop will not move the property into any differant price range. You would need a 100,000.00 drop to move it from 330k to 220k.
Apr 10, 2007 11:22 PM