[Winsor_Pilates]

Originally Posted by fotze

But aren;t you in Vancouver, that place seems like an anomoly though, Could be the great depresion and things will sell 50k over asking in Vancouver.

Vancouver is definitely a different market, but nothing I wrote there was intended to be about Vancouver. What part seemed that way?

Originally Posted by Jonrox

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.

I agree with all of this based on the info you've given. Regardless of whether you stick with this agent, it doesn't seem like you need to panic and drop the price at a bad time of the year for selling in general. If you have time, I'd recommend waiting 1-2 months before price drops.

I've only sold a house one other time (when the market was really hot), so I have a question for those more experienced.

I would actually be willing to accept an offer 5% lower than my asking. What would you say is the best strategy... lower the price now to closer to this price or leave it where it is to give myself wiggle room when it comes to negotiating? In my line of business, it typically works better to have the wiggle room most of the time, but real estate strategy is a bit foreign to me.

I say keep the wiggle room. People expect to pay less than list when buying real estate 95% of the time, and definitely in a slow market. Only in a strong sellers market will you often get offers at or above your list.