Getting frustrated!

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Old 06-25-2012, 04:18 PM
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Default Getting frustrated!

I'm getting so frustrated and reading TOTV bring me closer to moving mentally and yet just makes me sad that things aren't happening fast enough. We have had our house on the market since last September..we have reduced the price many times, it's a great house and is now priced just right but still nothing!! We aren't even getting showings. I have added new pictures to the multiple listing, reworded the verbiage, and last night we planted St. Joseph. The house is clean..top to bottom..we painted the walls and epoxyed the floor in the garage...I've tried baking cookies, open houses, baking cookies FOR open houses..There have been 48 homes in our price range sold within the past 90 days in our area. I'm really not expecting answers...just thanks for letting me vent...and any prayers you can offer will be greatly appreciated!

Trish
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Old 06-25-2012, 04:25 PM
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The week we buried St Joseph 3 people came back for a 2nd time and the following Monday we had an offer. We close 7/20 and head to TV. Wishing you luck in selling.
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Old 06-25-2012, 04:29 PM
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Default I'm right there w/you, Trish

We first put our house on the market 5/11 - fully expecting folks to just flock to our home and have a bidding war.....now wouldn't THAT be great??? But no, we've cleaned and polished and baked.....painted, rearranged, staged - I'm afraid I've got "House Won't Sell Fatigue". We did not sign w/original realtor when agreement expired and have signed w/another agency - one who has a great reputation and lots of success...we've lowered the price to almost make us sick and still nothing....it's very discouraging (and oh yes, we planted St. Joseph, too!) Prayers going up on your behalf, Trish and all the others that are in our same circumstances and would appreciate the same for us. Hang in there and as my very optimistic husband says: "It'll happen, all in God's time" I believe him, but it's still difficult. Goodness! Didn't mean to go on and on....
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Old 06-25-2012, 04:32 PM
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Do you have your home staged by a professional? Is it listed with a realtor? Price and Pretty are the two factors in selling homes in this tough market. Sometimes having another person's opinion is best as we get too emotionally attached to see something that may be obvious to others. What is the feedback from your showings - that is usually a good indicator of why they didn't choose your home to buy. Just a few thoughts...hope it helps and good luck to you!
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Old 06-25-2012, 04:41 PM
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Originally Posted by jmm2760jmm View Post
Do you have your home staged by a professional? Is it listed with a realtor? Price and Pretty are the two factors in selling homes in this tough market. Sometimes having another person's opinion is best as we get too emotionally attached to see something that may be obvious to others. What is the feedback from your showings - that is usually a good indicator of why they didn't choose your home to buy. Just a few thoughts...hope it helps and good luck to you!
I am the realtor (sad, isn't it??)...I have also gotten advice from all of the top selling agents that I know and they too are stymied. As far as staging, the house looks great...neat, clean, nicely decorated. The last feedback I received from a showing the other day was "The wife wants French country..your home is too modern but her husband loves it". The other problem we have is the house is on what is considered a 'main' street but it is set far back off the road on an acre of land...with a circular drive. Our house is priced between 400 and 600 thousand lower than the homes in our sub that aren't on the main road. To go much lower than the price we listed for would be almost impossible...and every agent I have talked to say it is priced great. Our backyard looks like a park...nice trees, private..... Thank you so much for your encouraging words. Someday we will all be in TV and this will be a memory.
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Old 06-25-2012, 04:42 PM
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Quote:
Originally Posted by BeeGee View Post
We first put our house on the market 5/11 - fully expecting folks to just flock to our home and have a bidding war.....now wouldn't THAT be great??? But no, we've cleaned and polished and baked.....painted, rearranged, staged - I'm afraid I've got "House Won't Sell Fatigue". We did not sign w/original realtor when agreement expired and have signed w/another agency - one who has a great reputation and lots of success...we've lowered the price to almost make us sick and still nothing....it's very discouraging (and oh yes, we planted St. Joseph, too!) Prayers going up on your behalf, Trish and all the others that are in our same circumstances and would appreciate the same for us. Hang in there and as my very optimistic husband says: "It'll happen, all in God's time" I believe him, but it's still difficult. Goodness! Didn't mean to go on and on....
BeeGee...my prayers are with you. I agree with your husbands thoughts but sometimes it's hard. Take care and good luck!!
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Old 06-25-2012, 04:46 PM
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You have my prayers. This is a difficult market but as someone on here has said "price it as low as you can stomach." Then reduce it if you can.
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Old 06-25-2012, 04:53 PM
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Default priced as low as we can stomach...

and yes we've had a professional stager come in and give recommendations and yes, we did all of what she said was a must!!! Thanks for your prayers Trish, your home sounds just lovely. I'm sure it'll sell soon.... The feedback we've received has all been good...they just love our home!!! Well, they're either lying or they found something that they loved even more!! So...NEXT!
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Old 06-25-2012, 05:44 PM
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Your home is now stale in your market area. You might wish to take the house off the market for a couple of weeks and then re-list it. It will appear fresh on the MLS.
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Old 06-25-2012, 05:51 PM
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Just hang in there. The market has been harsh on exceptional higher end houses. Most of the ones that have sold in our area are the lower end homes needing work. I guess with the slow economy, people who otherwise would purchase a home they were qualified to buy, are chosing the lower price home as there is still a fear of buying real estate.
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Old 06-25-2012, 05:57 PM
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I know what they say about a lawyer who represents himself, not sure if it applies to realtors....

I'd think 48 comparable sales in 3 months in the area would be extremely encouraging. That's a very active area, no? Your time HAS to be soon.

Priced $400,000 to $600,000 below your neighbors must be a typo.... Otherwise.....WOW!!!

Ask yourself (or, rather, a disinterested 3rd party realtor), "If I absolutely, positively had to sell within 30 days, what would that price be??" It might be your price.....
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Old 06-25-2012, 06:00 PM
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Quote:
Originally Posted by Trish Crocker View Post
.......Our house is priced between 400 and 600 thousand lower than the homes in our sub that aren't on the main road. .......
Seriously!? WHEW!! "High rent" area!

All other things being equal across all the equivalent homes currently on the market in your area, do what you can (IF you can) to see that yours is priced the best. Nobody likes it nowadays, but it IS price that sells - it's a buyers' market.

Best wishes for a successful sale!

Bill
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Old 06-25-2012, 06:08 PM
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It's been on the market since Sept, 10 months, you turned away buyers at higher a price. they bought something else, those prospects I guess you must consider out of the market.

In this market people want a super deal you may not be offering that super deal in relation what buyer perceives as added value v price.

You said "The other problem we have is the house is on what is considered a 'main' street but it is set far back off the road on an acre of land"

An acre is 200 x 200 how far back can it be, wouldn't a main st turn families off with little kids, so you may have a narrow market without kids.

You can sell anything for the right price, sounds like you need a big drop.

Being the owner/broker you may not be subjective enough, and other brokers are being polite not telling you their real opinion.

10 months is too long

Now we think our home is in a very soft market, we decided not to even try and sell, we are renting. Surprisingly here anyway that market is easier, we are getting a much higher rental income than we ever thought people would pay.

It's going to work for us, may not for others
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Old 06-25-2012, 06:16 PM
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Default Try baloons at end of street

a friend of mine was in the same boat, put out balloons for open house and sold that week.....Or you could do what we did and raise the price $25K and also sold within a week.....Good luck, paradise is waiting...




Quote:
Originally Posted by Trish Crocker View Post
I'm getting so frustrated and reading TOTV bring me closer to moving mentally and yet just makes me sad that things aren't happening fast enough. We have had our house on the market since last September..we have reduced the price many times, it's a great house and is now priced just right but still nothing!! We aren't even getting showings. I have added new pictures to the multiple listing, reworded the verbiage, and last night we planted St. Joseph. The house is clean..top to bottom..we painted the walls and epoxyed the floor in the garage...I've tried baking cookies, open houses, baking cookies FOR open houses..There have been 48 homes in our price range sold within the past 90 days in our area. I'm really not expecting answers...just thanks for letting me vent...and any prayers you can offer will be greatly appreciated!

Trish
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Old 06-25-2012, 06:22 PM
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Default We are in the same boat!

We feel your pain!!! Now, it is my turn to vent!!

Mom and I put our St. Augustine Beach condo on the market this past December. We are ocean side; but, we are so close to the beach that we hear the tide.

We listed our furnished condo with a realtor recommended by TV's Relocation Team. Our 1st 6 month contract is up in a few days. I would like to take our condo off the market in the hopes that the market turns around. We rent our condo out most of the year and it pays for itself. Mom wants to renew the contract. She feels we have several summer renters that return every year (some more than once a summer) and maybe they would be interested in buying it.

We did get one low ball offer that we didn't respond to. They came back with a second offer and we countered. We didn't hear back from them. I don't think we have to give our condo away. Its not luxurious but is very nice and was professionaly decorated. And about 4 years ago the entire condominium complex was upgraded to Hurricane 5 status. And, believe me, that cost a pretty penny.

I closed on my TV home in the Village of Charlotte on May 4th. But, unfortunately, my plans are to rent it out unfurnished, long term until our St. Augustine condo sells.

Here is hoping we both have good news soon!!
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