Even though it is not my listing, I can't help but be happy that this house sold. For almost a year I have driven past its sign at least once a day, and was so excited to see the Under Contract sign yesterday morning.
What made it sell finally? Price, I am sure!
This was a cute cape cod, single family home with a great addition off the back, and fantastic curb appeal, this home was for sale much longer than expected. Yes, it has its drawbacks, namely the busy road, but it is also very conveniently located in close walking distance to a blue ribbon school with tennis courts, playgrounds and lots of open park-like space.
So why was this house on the market for 248 days? You can't change location. Its' condition is wonderful. The only thing you can change in price. They began up near $500,000 and re-listed at $475,000. The asking price at time of contract was $469,000, which does not mean that is the contract price.
So what does this all mean?
It means sellers have to get serious when it comes to pricing their houses if they want them to sell more quickly. This is a learning experience & market for all of us right now, and we agents are learning the curve as well. We can track data and work to predict where the price should be. And though that information may be hard for some sellers to hear, it is a necessity in order to get your home sold. Let's get it done!
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