Reply to Question for Realtors/Seller who yanked a house to wait for Spring

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Husband and I are in a position where the sale of our current home is not contingent on our future home.  We are in a sought after neighborhood and priced well.  Our house should sell quickly.  But the market seems slow and if we don't sell for the right price by mid November, we will yank the house and wait for the spring market where we can get as much, if not more than, we are asking now.

So, for those who have done that - or have had your clients do that - did it work out for them?

Financially we are fine and may even be better off waiting till Spring, though it is a risk.  We also have the bonus of friends who are interested in our home as a short term rental (4-5 month) should we not sell right away.  [/quote]

You'll still have to leave were price.  Your house isn't selling because of price, plenty still going under contract now.[/quote]

Lower price.[/quote]

My house has barely been on the market. But I know, as the realtor mentioned, that the market will come to a halt very soon. I want to be prepared.

The answer isn't always lower the price if you aren't desperate to sell. You can be priced right and there aren't the right buyers out there looking. There is such a thing as bad timing. [/quote]

+1.  we are in a sought after neighborhood and one home (priced high IMO) has been sitting on the market for weeks and has already had a price reduction. no takers. a home (less expensive)  went for sale last Friday and was under contract by Monday. another home in the same price range as the first one, just one block away, went under contract in less than two weeks. the first one is still sitting.  your home has been on the market for a short time so it may be too early, but if other homes around you are selling quickly and yours is not, it is priced to high for the house you have.  you can't be certain you will sell for more in the spring.

This is what people who price too high tell themselves.  It's still a very active market.  Different story in a legitimate buyer's market, but that isn't now.[/quote][/quote]

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