Our home has been on the market for almost a month and it is not sold! Here’s what my realtor said this morning:
“We have the largest real estate brokerage company in the area with 50 agents. Usually at this time of year we have 15-20 homes that are under contract. Presently we have 3, all listed under $225,o00. I’ve never seen a market like this one before. We are actually getting a bit concerned.
In terms of marketing, we have your home on-line on all of the real estate sites with a home tour included. There’s a a smart phone ap that goes directly to the tour and the FOR SALE sign has the tour web address. I don’t think anyone else would be doing any more marketing than we are!”
My Reaction:
After our conversation, I had mixed feelings. On the positive, our home wasn’t the only one that hadn’t sold, the market in general was down. On the negative, there aren’t a lot of buyers!
I must admit, our home looks awesome! My side passion is decorating and after touch up painting, putting in a new kitchen faucet, mulching the yard and planting some flowers, you could move right in!
I’d love to show you a picture, but since you already know my name, I better keep a bit of internet privacy :).
More Market Info:
We live in a nice suburb of a larger metropolitan area. The public schools in our area are tops, so that bodes well for families. Since our suburb isn’t too large, there are not too many competing properties in our price range. I think our home matches up fairly well (maybe even a bit better), than the competion.
What’s Next
I’m not sure. I’m not panicked yet. We hope to move to our new area in the summer, so we still have a bit of time.
Here’s Where I Need Your Help
- What do you think?
- How is the real estate market in your area?
- Is there much activity?
- Any other recommendations to get this place sold?
image credit; Duane Hopper
