Comments on: Does Price Trump All?

By: Blairsville Georgia Real Estate

Blairsville Georgia Real Estate — Fri, 14 Mar 2008 14:45:41 +0000

I think it’s price. Location they either like it or not and condition can be changed. It’s the price they want to know and may not even enter the house if not in there affordable range.

By: Luxury Homes In Florida

Luxury Homes In Florida — Thu, 13 Mar 2008 14:03:27 +0000

I have seen home buyers with this delema before and actually offer to buy the house next door and then they fix it up and clean the property and sell both. Somethimes if you want to sell you have to take a risk and doing something out of the box. Most won’t do this but for sure the neighborhood will be glad you did.

By: Real Estate In Blue Ridge Georgia

Real Estate In Blue Ridge Georgia — Wed, 12 Mar 2008 14:30:28 +0000

Exactly you control location when you buy and by staying intune with community projects in your area.

As for selling this particualr house consider this. As for the junk yard neighbor talk to the city and see if they can enforce any rules to remove the junk eye sore, hazard to children, enviromental hazard. Consider a nice fence and plantings. When all else fails offer to buy the junk from the neighbor and have it romoved may cost $1000 but well worth it and that creative people.

By: Kelley Koehler

Kelley Koehler — Fri, 07 Mar 2008 06:42:14 +0000

Hi Matt! I like your focus on value, but let me ask you this: if the seller needs to sell, how does he add value then? In that scenario, what do you, the seller, change in order to make your home sell, given that buyers are looking for value?

By: Matt Freeman

Matt Freeman — Fri, 07 Mar 2008 00:09:50 +0000

I understand that Price is always the first thing that comes out of someone’s mouth regarding what makes a home sell but I do not fully agree. Price is what you pay value is what you get. Buyers want to know that the payment that they are going to make for the next 30 years (so the plan) is ok for the home they are buying. They assume the only way to get the payment down is to get a better price. Case in point was during the boom when mortgage brokers sold Neg-Ams to customers buyers consistently spent more than what they were pre-approved for. WHY? The payment was comfortable for the home that they would get. As rates increase the price has to come down. When rates were dropping the price people paid went up without thought. The sale of a home comes down to is this the home that I want to pay $x monthly for for the time I plan on being here. What is the value for me not the price. Right now the inventory is high and the urgency is gone and buyers have the time to shop for value.

By: Kelley Koehler

Kelley Koehler — Thu, 06 Mar 2008 04:21:12 +0000

Hi there PVBRE! Can you use your name next time?

Buyers do tend to overestimate the cost of repairs, that’s a good point. Fortunately, this wasn’t my seller, so it’s not my personal situation to deal with! It was just a discussion I was participating in.

By: Ponte Vedra Beach Real Estate

Ponte Vedra Beach Real Estate — Wed, 05 Mar 2008 21:36:51 +0000

Price, Condition, Location and Promotion pretty much cover the bases when figuring out why a home is not selling.

Price is the easiest to fix because it only takes the Seller to say, “Ok, lower the price to $xxx,xxx”. However, it seems that Buyers always assume that cost of any repair is going to cost three times the actual cost of doing the repair. So the “triple estimate of repair cost” is factored into the buyer’s offer for the home. So we always get an estimate for the repair to show the prospective buyer before they make the offer.

I would suggest you get an estimate for a wall and another estimate for landscaping. Landscaping could be cheaper if you buy younger, smaller plants but you will have to wait for a year or so for the plants to provide privacy. (I am in Florida, so if you plant it … it will grow. I don’t know about your area).

In addition, with the current surplus of homes on the market in our area we do recommend to our sellers to fix the condition if it can be done for a reasonable sum. Unfortunately, for your situation a wall sounds expensive.