Re: Our House For Sale - Not Selling!! - Posted by JPiper
Posted by JPiper on November 25, 1998 at 20:11:28:
I think it’s time for a reality check.
Properties don’t sell because they’re priced too high, or they’re in poor condition, or some combination of both. If your property has been for sale for a “couple of years”, and other properties in the area are selling, you’ve had time for a buyer to buy. Time to reevaluate your situation now.
Your property has to be priced right according to actual sales that have taken place recently. This doesn’t mean adding a couple of thousand because your property has a new widget, and your neighbor doesn’t. Along with this, the more lenient you are in what terms you will accept, the easier the sale will be.
Letting people know that your property is for sale is important. This goes well beyond a sign in the front yard. Newspaper ads written in a manner that they’re noticeable and attract attention help. MOST of the properties every year are sold by Realtors, not by owners. Realtors charge a commission for this, but in return they expose the property via the MLS system to all the other brokers in the area. If you’re trying to realize top dollar, with no terms the MLS is indispensable.
Only you know the status of your property. But 2 years on the market tells me something is wrong. You’re going to have to observe your property with a sense of reality, or have a professional observe it for you.