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re: Real Estate Market
Posted on 4/10/24 at 1:53 pm to WhiskeyThrottle
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 2:07 pm to AUHighPlainsDrifter
quote:Maybe. There are times I suggest a seller getting an appraisal before they list a property.
Sounds like your family member needs to fire their realtor and probably lower the asking price as well.
There are times a seller insists on a higher price to list at “we can always negotiate down if need be”. I hear that one all the time, which usually prompts this story from me.
I had a home I sold a client for 850k. About 18 months later they decide to move to the beach, so I go there for the listing appointment. I gave the comparable sales laid out (I got started in real estate working for an appraiser, so I know how). I lay it out, I have a range of 930-950 it would probably sell in, and am going to suggest 949 as an initial list price. They flatly refuse to even listen and insist on a 1,050,000 list price. Since the client has the last word on it, that’s what it lists for.
90 days later, 1 showing. Meet again, they want to go with another agent because they don’t feel like I’m doing enough to sell their house. Fine with me, i suggest another agent with another firm who happens to be building a 2 million dollar home for themselves on the same street.
7 months later, he’s sold 3 houses in that same subdivision for 900k or so, theirs is still sitting now at 950k.
Why is it still there? Because buyers are wondering whats wrong with it.
Moral of the story, listen to your realtor when it comes to listing your house if they give you a comps analysis.
Posted on 4/11/24 at 8:12 am to AUHighPlainsDrifter
Sounds like your family member needs to fire their realtor and probably lower the asking price as well.
________
Shallow post. Very little info was provided to determine next step. I use multiple realtors in my business and have knowledge regarding quite a few. It is an industry with quite the range of competence. But to suggest one fire their realtor with the data presented is the ugly side of social media. Man, I hate seeing the thoughts of people like you.
________
Shallow post. Very little info was provided to determine next step. I use multiple realtors in my business and have knowledge regarding quite a few. It is an industry with quite the range of competence. But to suggest one fire their realtor with the data presented is the ugly side of social media. Man, I hate seeing the thoughts of people like you.
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