How Long to sell ?

[krisshan]

We just put our house up for sale here in Deland ( DULL-LAND ) to move to TV. That can't come soon enough. The question is, how long did it take for you to sell your home wherever that may have been. I'm sure some of you experienced some some real highs and lows trying to get the house sold. I'm not a real patient person but in this market I will have to be. Just curious as to what you went through to finally get your place sold.

[otherbruddaDarrell]

After 1-1/2 years we took it off the market and are renting it to our former pastor.
We will be putting it back on the market this spring............

[starflyte1]

We just sold our home in Bonita Springs, FL, Lee County. Lee has many foreclosures.

We priced our home very realistically. We had a number we wanted to take out of the sale and we received $87 above that. We did not even think to price it based on the hot market a few years ago.

We also had a GREAT Realtor.

Our friends have a home that has been on the market for 3 years. They are chasing the downward spiral and are behind it, so they are always a bit overpriced. And, it was way overpriced to begin with. They listened to high power realtors that wanted the listing and did not price it to sell. They have lowered the price $1 million dollars and it still won't sell. And the highest price was set by the realtor.

Their home and our home are both waterfront, gulf access and each has a pool. Their home is located in a prestigious neighborhood, but that has not helped.

The lady that bought our home is very happy to have it. It is a 30 year old
home, but has been updated. So, I would say, after all this, Just price to sell, not to make a killing.

Now we will see how we do in TV-we have a home that is going on the market sometime this week. :)

[Pturner]

Now we will see how we do in TV-we have a home that is going on the market sometime this week. :)

Hi Star, are you moving within TV? Upsizing? Downsizing? Prefer different area?

Whatever your plans, best wishes.

[starflyte1]

Bought a home with a small pool. Both homes are north of 466.

[elevatorman]

9 months in Maryland last May. Chased the price down and finally told the agent cut the price to minumum. Turned down 1 offer $60,000 less than what we ultimately sold for which was $100,000 less than first listing price. We were priced at the low end of the comps in our neighborhood from day 1 and had a lot of intrest. Some people came bake 3 or 4 times and decided to not buy anything until things got better with the economy.

[michaelkir]

I am closing this Thursday on a home just north of Boston that I put on the market at the end of Sept. I had a great realtor, lots of showings, turned down five offers and finally got what I wanted. It sold a couple of weeks before Christmas.

A little payer to St Joseph may have also helped!!

Good Luck.

[Doreen]

We put our condo on the market the end of January and have had only 5 appointments and only 1 actually showed. The agent already wants us to come down in price. We can't move until after June so I think we will wait until after April to consider coming down in price. If it doesn't sell we'll be snowbirds until the economy gets better.

[babs1199]

We just put our house up for sale here in Deland ( DULL-LAND ) to move to TV. That can't come soon enough. The question is, how long did it take for you to sell your home wherever that may have been. I'm sure some of you experienced some some real highs and lows trying to get the house sold. I'm not a real patient person but in this market I will have to be. Just curious as to what you went through to finally get your place sold.

It took us over 3 years to sell. We had a lake front home on Lake Huron and finally after 3 offers , which were all $80,000 less than we were asking we finally took the last offer. If we new now that itwould have taken that long we would have accepted the first offer. Good Luck to you...

[pooh]

We sold our house in southern CA in October, '06. It was on the market for about a week when two people stopped over, without an appointment. I didn't let them into the house, but they did look at the yard. Turns out, they bought the house...though we had a longer time finalizing the closing than having the house on the market. The house was on the market in late August, I believe.

Our real estate agent told us to price the house at a certain figure and it would sell. He was right, we had three offers for our asking price. Just a year before, people were getting up to $100,000 to 150,000 more for their homes sold, but things had started to change when we put our 30 year old house up for sale. It had been upgraded inside and out and prior to the real estate agent's arrival, we purged extraneous items from the house. Made the house look even more spacious than it was. Wasn't a large house, but there was plenty of room. Did painting inside and out, made sure there were no repairs needed around the house and kept the place immaculate. Not always easy with two dogs, but considering the short time it was on the market, we survived!

Prayers to St. Joseph helped, too, I have no doubt!

Determine just how much money you need to get as a result of your sale, what you need to get into your new place, what you might need to pay off any funds owed on your current home and set your figure...a realistic figure. You know your home is probably worth more than what today's market sets, but getting on with your life and getting here, where everyday is fun, is more important than waiting till you try to get more than banks might feel your house is worth.

[krisshan]

Pooh,, you are so right. We are going to take a hit on this house. Life is too short to be missing out on TV and I am more than willing to take a loss and be totally happy than to keep the money and be miserable. My wifes brother and his wife just moved to TV and we are packing to spend 2 glorious weeks over there compliments of the brother-in-law and his 2nd bedroom. Thanks for all the replies !!! Got to get a St. Joseph statue.

[Pturner]

Just heard a report on the radio that there are still an estimated 8 million homes that will be foreclosed in the next couple of years. Banks are holding on to some because if all went to market at the same time, the housing market would tank again and the banks would get even less than what they will get by spreading the timing in bringing them to market.

I hasten to add that I don't know the source(s), basis or accuracy of this report. It's one broadcasted report I just heard this evening. Just passing this along as something interested sellers might want to look into further.