My friend is trying to sell his house

[ibjames]

MLS: 076074202

He has been through 2 realtors, and is having problems getting his place sold. What do you guys think? He said his realtor showed him that the closest comp was the same as his but it was an old place in bad shape. I told him to take another 15k off and call it a day.

Any suggestions? I think he’s chasing the market down.

SDR, you have an email I can email you?

[Portlock]

He will definitely be chasing the market down with advice to reduce his price in 15k increments. It fits the definition, and you are contributing.

What are you basing your 15k reduction figure on? What do the professionals recommend? Maybe you are in the profession, and if so, how does your data look?

What happened to the first realtor? Did he/she advise your friend that his price needs to be reduced drastically to sell quickly in a falling market?

[Portlock]

He will definitely be chasing the market down with advice to reduce his price in 15k increments. It fits the definition, and you are contributing.

What are you basing your 15k reduction figure on? What do the professionals recommend? Maybe you are in the profession, and if so, how does your data look?

What happened to the first realtor? Did he/she advise your friend that his price needs to be reduced drastically to sell quickly in a falling market?

[Portlock]

He will definitely be chasing the market down with advice to reduce his price in 15k increments. It fits the definition, and you are contributing.

What are you basing your 15k reduction figure on? What do the professionals recommend? Maybe you are in the profession, and if so, how does your data look?

What happened to the first realtor? Did he/she advise your friend that his price needs to be reduced drastically to sell quickly in a falling market?

[Portlock]

He will definitely be chasing the market down with advice to reduce his price in 15k increments. It fits the definition, and you are contributing.

What are you basing your 15k reduction figure on? What do the professionals recommend? Maybe you are in the profession, and if so, how does your data look?

What happened to the first realtor? Did he/she advise your friend that his price needs to be reduced drastically to sell quickly in a falling market?

[SD Realtor]

Hi James –

My email is [email protected]. All I can say is that it is a BRUTAL market right now.

SD Realtor

[SD Realtor]

Hi James –

My email is [email protected]. All I can say is that it is a BRUTAL market right now.

SD Realtor

[SD Realtor]

Hi James –

My email is [email protected]. All I can say is that it is a BRUTAL market right now.

SD Realtor

[SD Realtor]

Hi James –

My email is [email protected]. All I can say is that it is a BRUTAL market right now.

SD Realtor

[movielover]

Perhaps he needs to do something about the decor. Bright colors on the wall isn’t exactly a big turn on for buyers. Just looking at those pics makes me not even want to go inside the place. Maybe a $100 investment on neutral paint colors like white or beige might yield more visitors. I didn’t even notice the hardwood floors until I read the description cuz I was so distracted by the paint.

Also, having seen enough of those “Design to Sell” shows, the place also looks too cluttered. When my boss was selling her condo a few months ago, she started boxing things up and putting her stuff away on storage. You friend should de-personalize his condo, do a little bit of re-staging and get rid of the big items to make it seem more spacious. Spending an additional $500 to a grand on paint and staging will do him more good, minimize the loss, and get his place sold quicker.

[movielover]

Perhaps he needs to do something about the decor. Bright colors on the wall isn’t exactly a big turn on for buyers. Just looking at those pics makes me not even want to go inside the place. Maybe a $100 investment on neutral paint colors like white or beige might yield more visitors. I didn’t even notice the hardwood floors until I read the description cuz I was so distracted by the paint.

Also, having seen enough of those “Design to Sell” shows, the place also looks too cluttered. When my boss was selling her condo a few months ago, she started boxing things up and putting her stuff away on storage. You friend should de-personalize his condo, do a little bit of re-staging and get rid of the big items to make it seem more spacious. Spending an additional $500 to a grand on paint and staging will do him more good, minimize the loss, and get his place sold quicker.

[movielover]

Perhaps he needs to do something about the decor. Bright colors on the wall isn’t exactly a big turn on for buyers. Just looking at those pics makes me not even want to go inside the place. Maybe a $100 investment on neutral paint colors like white or beige might yield more visitors. I didn’t even notice the hardwood floors until I read the description cuz I was so distracted by the paint.

Also, having seen enough of those “Design to Sell” shows, the place also looks too cluttered. When my boss was selling her condo a few months ago, she started boxing things up and putting her stuff away on storage. You friend should de-personalize his condo, do a little bit of re-staging and get rid of the big items to make it seem more spacious. Spending an additional $500 to a grand on paint and staging will do him more good, minimize the loss, and get his place sold quicker.

[movielover]

Perhaps he needs to do something about the decor. Bright colors on the wall isn’t exactly a big turn on for buyers. Just looking at those pics makes me not even want to go inside the place. Maybe a $100 investment on neutral paint colors like white or beige might yield more visitors. I didn’t even notice the hardwood floors until I read the description cuz I was so distracted by the paint.

Also, having seen enough of those “Design to Sell” shows, the place also looks too cluttered. When my boss was selling her condo a few months ago, she started boxing things up and putting her stuff away on storage. You friend should de-personalize his condo, do a little bit of re-staging and get rid of the big items to make it seem more spacious. Spending an additional $500 to a grand on paint and staging will do him more good, minimize the loss, and get his place sold quicker.

[bsrsharma]

Why does he want to sell? Must he sell or is he afraid the market will go down more? How are other homes in the neighborhood that are selling (say, in the last 30 days) priced? How about pricing 10% – 15% below lowest list price in the zip on a $/sqft basis?

[bsrsharma]

Why does he want to sell? Must he sell or is he afraid the market will go down more? How are other homes in the neighborhood that are selling (say, in the last 30 days) priced? How about pricing 10% – 15% below lowest list price in the zip on a $/sqft basis?

[Author]

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