Quote:
Originally Posted by Winsor_Pilates
If the buyer really loves your house in particular, they will likely make the 5K less offer. But if your house is 1 of many comparable houses and buyers think they're all a touch overpriced, the 5K drop can make a big difference in setting you apart from the pack.
To the OP: have other comparable houses in your area been selling? If yes, has your realtor shown you sales and listing prices for them?
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This is where I'm inclined to think it's just quiet in my area... at 2.5 months my house has been on MLS for just about the shortest amount of time for comparables. My realtor provided me the list of what has sold over the past 2 months and there's not much in my price range that has moved (it seems there's been decent movement for homes in the high $300,000's/low $400,000's, but that's not where my home falls). That's why I haven't felt the need to lower my price again (I lowered by $10,000 already and saw no change in the number of showings)... I'm not yet convinced it's a pricing problem.
It just seems there's not a lot of movement right now. Maybe it's because I'm in sales that the appearance of lack of action by the agent frustrates me.
There's another house with almost the exact same floor plan as mine for sale just a few houses down - now listed $20,000 below mine, but smaller floorplan and not nearly as many upgrades. I'd like to think that if somebody went to view that home, they'd take a look at mine too.
I'm inclined to wait until January/February before I expect a lot. But I do want the right agent selling my home too. I'm not in a huge rush to sell, I've closed on a new lot in BC and just waiting for this house to sell before I start building the new one.