Days on the market - 8
Showings - 0
There was an open house for realtors yesterday, with only one showing up in the 2 hour period. The feedback we received included that at the price we've set the house should have hardwood floors and new flooring throughout. He liked the yard but felt it wasn't a family home because there is little grass. As I said to Curtis, this was formerly a foster home, the smaller shed is a play house, so obviously children can live here. Plus we have two parks within a 5 minute walk. The other agent also noted the one minor fix I hadn't thought to do so yesterday afternoon I peeled the linoleum off the base of the island (it was loose), took off the residue glue and painted it. It looks neat and tidy now so hopefully it won't dissuade anyone from purchasing the house. Bah!
On the other hand, as of Tuesday there had been 334 views of the MLS listing, 133 had viewed the photos, and 11 had marked it as a favourite. There is a public open house on Saturday and Curtis believes that those last folks are likely to show up.
We're already talking a price reduction. It seems far too early to me and we'll wait until this weekend's open house is over and decide on the basis of the feedback we receive then. I've been playing with my spreadsheet, inputting various scenarios and making a decision about my bottom line. I did some research on pricing here in Regina, and did some comparisons to properties currently listed. I truly believe I'm not that far off so for the time being I'm sticking to my guns. At least until I'm convinced otherwise.
Have a great weekend everyone!
I agree, too early for a reduction, it looks like you are desperate to sell then will receive a low ball offer from that lower figure if someone makes an offer. You are not desperate - you want to get on with your life but you are in a position where if it takes a while to sell you have that time. Just fyi, our market is considered "hot" but still the average home is taking 77 days to sell. When we moved out here we put our house on the market, waited 90 days and then took it off as Edmonton real estate had cooled. We moved anyway, my stepson lived there (most trustworthy 21 year old ever at the time) and we put it up for sale the following Spring - it sold in 2 weeks. Something you may want to consider is "your bottom line". Selling homes is right up there on the stress scale. Stay strong...perhaps keep some chocolate and wine(or whatever your vice may be) for those tough days.
ReplyDeleteHoping the public open house is great. I am never sure who to believe when selling a house. It is one thing for a relator to suggest neutralizing the interior to appeal to the most buyers, but another to suggest reducing the price before you have really shown it to many people.
ReplyDelete8 days isn't a long time. Realtors always want to lower a price...stick and stay for a bit! :)
ReplyDeleteOne thing you might do is advertise the house's open houses yourself. That's what I did. I used Facebook and community pages and Kijiji. Realtors vary a great deal in competence and energy.
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