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Message
re: Real Estate Market
Posted on 4/10/24 at 6:38 am to TejasHorn
Posted on 4/10/24 at 6:38 am to TejasHorn
quote:
Seeing the same around Texas.
Buyers have started to realize rates aren’t going back to the fairyland levels of the 2010s. Rent has been going up while home prices and rates have stabilized (albeit at higher levels than we got used to).
I have a family member trying to sell a house in Burleson (just south of Fort Worth) and it's been sitting for quite some time. No showings. I don't know how to tell if it's "priced properly" but if the right price sells, then it doesn't appear to be priced properly. Kinda odd it isn't even getting shown though. It's a standard cookie cutter neighborhood type of home at a price point most can afford. In decent shape with a smallish pool in the backyard.
We also have a lake property in the family that we're trying to sell. But that is another can of worms that I don't want to muddy this thread with, but it has only shown a few times when it was listed. The real estate agent is waiting for things to start moving a little more. Neither of these homes are in my control or direct interest so just conveying information here.
3
Posted on 4/10/24 at 1:53 pm to WhiskeyThrottle
quote:
I have a family member trying to sell a house in Burleson (just south of Fort Worth) and it's been sitting for quite some time. No showings. I don't know how to tell if it's "priced properly" but if the right price sells, then it doesn't appear to be priced properly. Kinda odd it isn't even getting shown though. It's a standard cookie cutter neighborhood type of home at a price point most can afford. In decent shape with a smallish pool in the backyard.
Sounds like your family member needs to fire their realtor and probably lower the asking price as well.
Posted on 4/10/24 at 2:16 pm to WhiskeyThrottle
quote:Run a zillow search for homes for sale in the same area, you can manipulate the map to get the area sized down. Then change in the settings to “pending/under contract”. You can see what’s at least getting offers and what you’re competing against, then (most importantly) ask your realtor for a homes sold in the last 60 days within the area.
I have a family member trying to sell a house in Burleson (just south of Fort Worth) and it's been sitting for quite some time. No showings. I don't know how to tell if it's "priced properly" but if the right price sells, then it doesn't appear to be priced properly.
If the realtor doesn’t know how to do that or have it in your hands in less than a day, get another realtor.
Posted on 4/24/24 at 12:22 pm to WhiskeyThrottle
quote:
and it's been sitting for quite some time. No showings. I don't know how to tell if it's "priced properly" Kinda odd it isn't even getting shown though.
Real Estate 101:
On the market but not selling is 100% a pricing problem.
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