What else can I do to sell my house in Montgomery Village?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
You probably know about this listing for what is basically your house. It has been listed for 79 days at 545K. So you probably need to go lower.

https://www.redfin.com/MD/Montgomery-Village/19904-Halfpenny-Pl-20886/home/10486909

It’s our next door neighbor. Is $550,000 not low enough for a house of this size?

You're denying the evidence in front of your own eyes? Both of you are over-pricing your homes.


It's not about square footage, OP. It's about what the market can bear at this time.

So in your opinion what would be a fair price?

[Anonymous]

You bought it for $399k six years ago and probably have a mortgage with a super low interest rate and you're trying to make $159-160k profit? Either drop your price or pull it off the market and rent it. It's a blandious house.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This feels like a troll. Is it from the seller's agent intending to demonstrate that they're being unreasonable?

If not, OP, you're looking for too much money, and you're in a price range and area where closing assistance is going to be a common provision. If you don't want to sell, that's fine, but this area isn't going to be doing well for the next 5+ years. It's only going to get worse from here.

$550,000 for a house of this size is too much money, really???

Yes. If your neighbor’s house is listed for less and hasn’t sold, you’re both asking too much. Both houses need new bathrooms and kitchens. It doesn’t look like you invested much since you bought in 2019.

[Anonymous]

Have you replaced anything important in the last six years? New HVAC, new roof, new windows, new major appliances?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
You probably know about this listing for what is basically your house. It has been listed for 79 days at 545K. So you probably need to go lower.

https://www.redfin.com/MD/Montgomery-Village/19904-Halfpenny-Pl-20886/home/10486909

It’s our next door neighbor. Is $550,000 not low enough for a house of this size?

You're denying the evidence in front of your own eyes? Both of you are over-pricing your homes.


It's not about square footage, OP. It's about what the market can bear at this time.

+1 op you’re falling into the trap that a lot of sellers fall into that you think your house is worth more than it is because it’s yours and it holds emotional worth to you. You need to try your best to look objectively at the information you have - for example, knowing your neighbors very very similar house has been sitting at an even lower price for 79 days I personally can’t understand why you wouldn’t have taken that deal. Because you didn’t think they were giving enough tokens in the negotiating? Try to put on your best financial savvy hat. Unless you really don’t need this to sell, otherwise you’re going to end up selling for a lot less because you’re harping on small things.

[Anonymous]

You are near where airplane went down a few years ago and another one hit the high voltage power line. Why not reach out to the third guy and accept the deal?

[Anonymous]

Anonymous wrote:You are near where airplane went down a few years ago and another one hit the high voltage power line. Why not reach out to the third guy and accept the deal?

+1 see if they are still open to the deal

[Anonymous]

Not sure this phrase in your listing is helpful "Ignore days on market- Buyers had a change of heart their loss could be your gain!" Sort of a "pay no attention to the mail behind the curtain" vibe. If I were a prospective buyer, I would read that and think "don't tell me what to do" and your insistence that I ignore how many days it's been on the market feels vaguely insulting.

[Anonymous]

Anonymous wrote:Have you replaced anything important in the last six years? New HVAC, new roof, new windows, new major appliances?

Yes we did some upgrades.

New fridge, new stove, and new dishwasher. Solar panels installed. We removed 2 large trees in front of the house and small trees in the yard, and added cement to the yard. We replaced the fences in 2024 and repainted the deck and garage twice. We painted the whole house.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
You probably know about this listing for what is basically your house. It has been listed for 79 days at 545K. So you probably need to go lower.

https://www.redfin.com/MD/Montgomery-Village/19904-Halfpenny-Pl-20886/home/10486909

It’s our next door neighbor. Is $550,000 not low enough for a house of this size?

You're denying the evidence in front of your own eyes? Both of you are over-pricing your homes.


It's not about square footage, OP. It's about what the market can bear at this time.

So in your opinion what would be a fair price?

You should have taken that last deal. I'd list it at 525K now because people will search in 25K increments. At your price range in MoCo, you're looking at 1st time home buyers who probably need $ help.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
You probably know about this listing for what is basically your house. It has been listed for 79 days at 545K. So you probably need to go lower.

https://www.redfin.com/MD/Montgomery-Village/19904-Halfpenny-Pl-20886/home/10486909

It’s our next door neighbor. Is $550,000 not low enough for a house of this size?

You're denying the evidence in front of your own eyes? Both of you are over-pricing your homes.


It's not about square footage, OP. It's about what the market can bear at this time.

So in your opinion what would be a fair price?

You should have taken that last deal. I'd list it at 525K now because people will search in 25K increments. At your price range in MoCo, you're looking at 1st time home buyers who probably need $ help.

PS I say that as another poster...not an agent but someone who just priced low in order to sell fast and it worked.

[Anonymous]

Anonymous wrote:You are near where airplane went down a few years ago and another one hit the high voltage power line. Why not reach out to the third guy and accept the deal?

Because we felt they’d asked for more money for so called repairs. We didn’t want our house to be relisted again.

[Anonymous]

https://www.redfin.com/MD/Montgomery-Village/20100-Loading-Rock-Pl-20886/home/10486945

This is the only sale I could find in the same locale, dating from April. It's larger than your house, but fewer bedrooms. Sold for $580K.

The difference is that the market started crashing in April. They sold at the last minute. You're in a buyers' market now, and you won't sell for a comparable price.

[Anonymous]

Anonymous wrote:Not sure this phrase in your listing is helpful "Ignore days on market- Buyers had a change of heart their loss could be your gain!" Sort of a "pay no attention to the mail behind the curtain" vibe. If I were a prospective buyer, I would read that and think "don't tell me what to do" and your insistence that I ignore how many days it's been on the market feels vaguely insulting.

Good catch - this is a red flag that you're both desperate and a pain to deal with. Buyers will stay away. Also, the description is way too long (it always is, but you can do better!).

[Anonymous]

$10k is nothing. Time is money. You could have made 30% on that money already in the market had it sold in June.