NetNews Usenet Archive 1992 #31/NN_1992_31.iso/spool/misc/consumer/house/16118

Text File | 1992-12-28 | 1.6 KB | 36 lines

Newsgroups: misc.consumers.house
Path: sparky!uunet!zaphod.mps.ohio-state.edu!darwin.sura.net!udel!princeton!mccc!pjh
From: [e-mail] (Pete Holsberg)
Subject: Re: How to go low?
Organization: The College On The Other Side Of Route One
Date: Mon, 28 Dec 1992 18:56:18 GMT
Message-ID: <[e-mail]>
References: <[e-mail]>
Lines: 25

In article <[e-mail]> [e-mail] (Bob Passell) writes:
=Another request for net.wisdom!
=
=I have my house on the market, priced $100 dollars below
=the nearest $100,000 that I think its worth (hint: way less
=than 1/2 million, that's for sure ;-> ). My realtor says
=that I need to go to $?79,900 in order to sell it. Personally,
=I think she's wrong, and I have some measure of respect for
=her telling me news that I don't want to hear. However...
=Keeping in mind that her contract is up on 12/31/92

=Homes in our area sell for just about what we're asking all
=the time, in an average of 90-110 days. We've been on the
=market for 95 days and have had lots of activity but no
=offers. I have called a sample of the realtors bringing
=clients through and not one of them has said "lower the
=price, stupid" even though I've led them to the point
=where they could graciously say so. I'm not in a hurry,
=but cripes, I _do_ want to sell the house.

What *did* they say about why no one made an offer?

I'd recommend calling a few REs and getting MVAs from them. There's only
one reason that a house doesn't sell, and that's price. If no one has
made an offer, it may be that the asking price is indeed far out of line.