We recently decided to sell our 1500 square-foot 3BR/2BA home and move to have a little more space plus be closer to my husband's job. Our realtor was really confident that it would sell quickly due to the fact that it's on 2 acres and in a very desirable area. We replaced the flooring throughout, which was much needed and also did some work on the front porch and back deck. Even with all the updates, the land and location, I was still concerned that it wouldn't look the best to potential buyers. The walls have quite a few marks, even after a deep cleaning and the front and back storm doors both need to be replaced. After talking with our agent, we decided it would be best to not put any more money into updates, and she assured us that if we priced it right, it would still sell quickly. We listed at 295K after she talked things over with her colleagues. She said she was really confident going into this weekend and thought that maybe we'd even have an offer before the weekend was over.
Well, today bright and early was our first showing, and we've already gotten negative feedback. The client thinks the condition of the home, especially the walls doesn't match the asking price. Our realtor did say that we'd find out soon enough whether the price was right, but she had us thinking it was already priced right. She's been very open and honest about whether the asking price was fair on the houses we've looked at buying. We have quite a bit of equity in the house so it's not like we're trying to price higher just to make sure we make a profit. If we need to drop the price, we can, I was just excited about the possibility of being able to close prior to closing on the house we're under contract on. We can figure out a way to afford two mortgages temporarily if we have to, but of course it would be great if we could avoid that altogether.
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source https://www.reddit.com/r/RealEstate/comments/1utnpo0/our_house_hit_the_market_today_and_the_feedback/
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