Hi folks. Molly and I are going to be aggressive about marketing our home. We are 13 days into the process, and we have decided to drop our home's price by $10k. Although we believe we have one of the top homes in the neighborhood, we don't think it's wise to be the top priced home. We gave it the old college try at $249,900, but now a price cut in time for the weekend. Our Realtor from Edina Realty originally suggested a $5k price drop, but we all agreed in the end to the $10k number.
Here are some comparable homes from the neighborhood. What do you think? We're we smart? Dumb? A few years back our home would have sold in the $300k to $325k range.
Home #1: $234,000
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Home #2: $249,900
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Home #3: $239,900
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Home #4: $237,900
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Home #5: $239,900 (our house!)
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I think it really depends on what your overall goals are to determine whether or not you are smart/dumb. If selling it fast and painlessly is a goal of yours - then probably a good idea.
I checked out your house and it looks lovely, wish I didn't have a house of my own keeping me locked in.
Posted by: Ruby Leigh | September 29, 2010 at 09:00 PM