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<p>Price the house favorably and charge for viewing. If your house is a thousand or five or fifty below market, what’s $10 to see it?</p>
<p>no, I meant that if the price of the house is favorable you do not need to do anything to sell the house.</p>
<p>For example, in auction.com, there are 1000’s of homes are priced at below 50% of the “market value”, in a “forclosure” sale. You cannot even see the inside. People buy those just drive by. So are some of the REO slaes.</p>
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<p>If I have any agent no-shows, I will tell my own agent that they are not allowed to show my house. I mean it. Barring any emergencies, I expect a phone call if someone decided to cancel. I wouldn’t want to work with a buyer’s agent like that anyway.</p>
<p>33 days on market. Good bit of showing action. Several sets of back for second looks, etc.</p>
<p>First offer this morning: cash money 8% below our asking price. With a competing offer coming this afternoon. So, it looks like a favorable scenario unfolding.</p>
<p>Nice interesteddad…</p>
<p>Looks good…</p>
<p>8% below asking is pretty darn good. Allegedly, the asking price is supposed to be 5% above what you want to close at. Sounds like just the right spot for negotiating.</p>
<p>Sent from my DROID RAZR using CC</p>
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<p>I am sure that is down right frustrating. But you are at the disadvantage have to make an appointment to show the house. Just think those vacant and staged competitions. I have seen 100’s agent cards when I visit a vacant house, if you only get 10% of the foot traffic, you are at a disadvantage. Show or no-show, you should still open the door, do not put emotion into it.</p>
<p>It is very uncomfortable when you are selling your most valuable asset, especially maybe every 10-20 years.</p>
<p>I know in my area (which some here are referring to as ground zero for real estate) 5% above is more common.</p>
<p>Anyone from the Charlotte area of NC? What is the average asking price vs sales price there? (We are looking, and aren’t sure…)</p>
<p>I just came back from NYC on apartment hunting. I think I saw 20+ apartments. Prices have dropped, even from 2011 to now. There is a lot less in inventory because people have been pulling them off the market. Deals seem to be getting done about 5% below asking price. </p>
<p>Anyone who is looking in NYC, buying or rental, there is a very good website, streeteasy dot com, which shows asking, price drop, closing price, and how long on the market. It also shows historical selling prices for each apartment.</p>
<p>Oldfort…I am going to check that out.</p>
<p>Thanks…</p>
<p>I am surprised that prices are going down.</p>
<p>I am closing on my house in Ohio next week (OK, unless something goes awry) and the price was just slightly above 95% of asking price. Just throwing it in the information mix.</p>
<p>I forgot to add, I put in a bid for one apartment, the seller accepted it, then gave it to someone else 2 hours later. I wasn´t going to get into a bidding war. We were disappointed initially, but I saw a lot more apartments that were more suitable for us and less expensive. Today we are probably going to put in another bid, hopefully it will work out. This agent I am working with is very analytical. He does a lot of market analysis - comparison to other apartments, cost of renovation, rental value, and return on investment.</p>
<p>dstark - to get insider information (closing price), the cost $10/mon. They also have discussion threads for various apartment buildings. It is a very good way of getting inside scoop about how good or bad a building is.</p>
<p>Also wanted to say I hope all goes well interesteddad! Multiple offers in this market?! You are very lucky!</p>
<p>Oldfort…that’s great. You look like you are well prepared.</p>
<p>Good luck this afternoon.</p>
<p>DW the RE agent does a lot of business renting apartments.</p>
<p>The no-show rate was running about 50%, very frustrating and a huge waste of time.</p>
<p>She started a policy where she requires the prospective tenant has to call and confirm that they will be there on the day of the appointment, or <em>she</em> won’t show up.</p>
<p>You would be surprised how many people stand her up even after calling to confirm three hours earlier that they would be there. The lack of consideration for other people is astounding.</p>
<p>She will sometime get a “I’m here, where are you” call from people who forgot to confirm, but it doesn’t happen often.</p>
<p>She won’t rent to someone who stands her up though. Her philosophy is “how can I recommend you to a landlord when you’ve proven you have no consideration for other people?” </p>
<p>Maybe a few actually learn the lesson… but I doubt it.</p>
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<p>See that’s the thing. It’s not an emotion thing, it’s a question of whether I want to spend time putting a deal together with a flaky buyer’s agent. It’s hard enough when the economy is decent, but if someone can’t pick up a phone and cancel, even if it’s 5 minutes before a scheduled showing, I just don’t think I want to try and work with them. I’ve had enough deals go bad (we’ve bought and sold many homes) to know that the high selling season is really pretty short. Wasting time with someone like that doesn’t make sense.</p>
<p>jth</p>
<p>I can understand that and you are right, those no showers are more flaky than others. But if you had the home vacant, does it matter if some one show or no show? Flacky or not? You won’t know it anyway. What really matters if the offer is sound or not and if it can close or not. Just read a few pages back, jym had a flacky buyer, but she got it closed and that was with a big struggle…</p>
<p>You will have less chance to find a buyer if you prejudge…Renting is whole different matter.</p>
<p>Wow, the housing slump has hit us now. We are refinancing and just had our house appraised. We last had it appraised in 2008, when we put on a good-sized addition (large home office, garage, basement, bedroom, bonus room over garage, and even a second stairwell). We originally built the house in 1996. The value has gone down almost exactly 25% in three years! Ouch. This will affect our existing home equity line of credit - we won’t be able to keep the entire amount. Sigh. It also means we’ve put more into the house than it’s worth. I’m glad we’re not moving anytime soon.</p>
<p>Sorry to read that…MaineLonghorn.</p>
<p>Did you get the rate you wanted?</p>
<p>In the long run, everything will even out. Have faith…</p>