Ogre09 said:
Yes, these are things I expect the realtor to be telling me. I had a couple of good buying experiences with her, but not loving what I'm getting on as a seller so far. I'm working on that.
Of the 10 sold comps she shared, the median time to sell is 30 days and the mean is 47. There 2 two at less than a week and 2 over 100 days.
Feedback on showings hasn't been very helpful. "Seems like too much work down the road," "master bath is too small and needs updated," "nice kitchen," "nice backyard," "fair price," and "house is too small" aren't really things I am going to do anything about.
I'm already in the new house, so paying both mortgages. The old house is mostly paid and the interest rate is low so I'm mostly paying principal at this point. But I'd like to have it sold before September 1 to not keep paying both mortgages past that.
When did the comps sell? Did they have the same amount of comparable homes on the market to compete with? Were they fully updated while yours might not be? There's a lot of factors in play that could give context clues. Based on what the feedback seems to be saying, your home isn't the belle of the ball. If you priced it to be, then you likely overpriced it. A market that wants your home will tell you so. But without knowing location, I'm not sure anyone can accurately speak to what you should do. You hired a Realtor. Ask them. If they don't know, tell them to do their damn job or you will find someone who will.
Also, most Realtors have no idea how to actually identify comps. They merely take what the MLS spits out. They make no adjustments based on features those have that yours might not, or vice versa.
Lastly, depending on location, this is one of the tougher markets your average Realtor has seen. And most fail. They are used to "just stick a price at the top of an MLS generated comp set and it will sell quick". This isn;t that market anymore unless you are in a highly desirable neighborhood with move-in ready home that doesn't have much functional obsolescence. It sounds like your home is viewed as having too many risks at its price, at least based on the feedback you shared.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
