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Reply to "Best Way to Sell House As-Is in Vienna"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]As a Vienna realtor who deals with these types of transactions - the best advice is just reach out to builders directly. A lot of them have someone that works for them as a licensed real estate agent and will save you that 3-2.5% commission which would be so useless for something like this[/quote] NO. You save the commission by using a flat fee or discount agent. You need the MLS to maximize competition. [/quote] What competition in this market? We reached out to builders 2 months ago on our N Arlington teardown on a large lot (for Arlington). No weird issues with the lot or anything - just a normal, large flat lot. No one was interested. Talked to agents who said it wouldn’t do well on the open market because it needs a lot of $$ and buyers at this price point aren’t buying right now. In this market I’d focus on GETTING an offer vs maximizing competition. Sound similar, but very different strategies. [/quote] You are either a builder, builders buyer, or simply an ignorant [/quote] It's true that homes over 3m sit, especially those over 4m. Builders know this, it's why these homes are priced this high to account on spending a lot of time on the market. Eventually if this area runs out of deep pockets buyers there will be people prioritizing older homes as more affordable options to get to live near the homes they can never afford. If you have a tear down you have 2 markets: those wanting to demolish your home and build a shiny new mcMansion, and those wanting to get their foot in the door of an expensive neighborhood and don't mind a little fixer upper project with a possibility of building later. When your house is already at the top of the market it's harder to sell. OP will be fine. [/quote]
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