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

[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.

[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.

I understand why sellers decide to rent their houses.

[Anonymous]

Anonymous wrote:

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.

You can say no if they ask additional $ that you are not comfortable with. You will be back to where you are today in that case so what do you got to lose?

[Anonymous]

You were splitting hairs with the last offer. You should have taken it. You would have still made a good profit. Now your house is going to sit on the market and you may have to lower the price and still offer concessions.

One of the problems is that your house is in the middle of Montgomery Village and those buyers are either looking for lower cost homes or are going with the new construction town homes that are surrounding you.

I personally wouldn't deal with the rental market. You might not find the strongest candidates in that area.

[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.

+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.

But the house OP linked is much nicer.

[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???

A small SFH with no yard in Montgomery Village? Yes, that's too much money.

[Anonymous]

Anonymous wrote:

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.

Do you own the panels? Or did you do a Solar City thing?

Solar City just creates a headache when you need to fix the roof. It's negative value.

[Anonymous]

Anonymous wrote:

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!).

Yep. Your agent is awful if they thought that was a good idea.

[Anonymous]

Anonymous wrote:

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.

You're in a price range and location where you're going to be attracting first time homeowners who won't have any money left over after the down payment. They're going to want cash for closing assistance and repairs. You need to accept that otherwise you'll never sell it.

And sure, you can rent, but if you think buyers are unreasonable, just wait til you see what renters are like.

[Anonymous]

Anonymous wrote:

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.

The appliances and solar are good, but removing the trees is awful. The yard looks ridiculous - a giant cement slab w/ a deck perched on top. I wouldn’t even look at it bc you’ve killed off the ability to actually plant other than in containers. Do not listen to whoever told you to do that. Your curb appeal would be so much better if you had trees in front and back

[Anonymous]

Anonymous wrote: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.

The higher priced one was an end unit with better landscaping. I believe the basement square footage isn’t included (bc not finished) so basically the same or more total if you include that.