We listed our house 120 days ago in a great neighborhood near a major university where cookie cutter starter homes fly off the market. Every professional we spoke to, and our own research, showed us that homes in this area last around 1 month on the market absolute max. In the two years I've lived here, I've seen it firsthand.
Relevant Facts:
We wanted to price to sell so we could move ASAP so did extensive market research with our agent. We redid ALL carpet, re-painted the entire house and got the house/driveway/patio pressure washed in addition to a major deep cleaning. We listed $5k below the comps in the neighborhood. After 3-5 showings in 2 weeks with no offer, we lowered the price another $5k.
We averaged 2-3 viewings per week and didn't sell after another month. We lowered the price another $10k and assumed this would be an easy sell. The buyer agent's feedbacks are always extremely positive. The only complaint we've gotten is the yard is small. We've had three people say they were going to put in an offer, then withdraw for various reasons (decided not to move to this town, found somewhere with a bigger yard and preferred a different side of town). We listed mid July and around the beginning of September all showings stopped. We've had 3 in over a month.
Since then, 2 homes have sold in our neighborhood for above even our original listing price. This is a very cookie cutter neighborhood, all built in the same year by the same builder. Same layouts, except this one had a slightly bigger yard (the only thing I can think of).
Our house is kept pristine, taken care of, regular lawn maintenance/deep cleanings to make sure it's always ready for showings, and it's priced lower than any other home in the neighborhood. I don't understand why it's not selling, or more importantly, what I can do about it. We are doing really aggressive marketing (I can vouch for this) and have had an open house with 10+ guests. We are about to try an agent bonus, or consider professional staging which is really unappealing since we still live here.
This is so unexpected, and I'm at a loss. Staying in this city is not an option past the holidays. I'm having a sit down with our realtor (highly rated in the area with an excellent track record), to figure out a game plan. Any advice, or suggestions please please send! I know the market is slow fall/winter, but since ours has been listed since July I'm terrified it won't even sell in the spring.
If you've read this far, thank you in advance!
Edited: Added a few more facts I think may be relevant
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source https://www.reddit.com/r/RealEstate/comments/dokr3j/house_not_selling_and_it_makes_zero_sense/
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