I’m
in an interesting
situation that I’ve named the Real Estate Limbo and as I
drive to the
house I
love to listen to Limbo Rock by Chubby Checker. You see there are two
homes
right next to each other, both are the same square footage, have the
same
layout, neither seller has a mortgage, and both want to sell before
November 30th
to a first time home buyer.
Now, I’m starting to feel
like a yo-yo as I drive to and from my
listing, back
to the office to put the price reduction in the computer only to see
two hours
later the other listing is now lower than ours yet again.
I have a feeling that
buyers are just sitting on the fence waiting to
see when
the price war will stop between these two homes before they put an
offer in on
either.
Does anyone have an idea on what to do to stop the downward spiral of price reductions? My thought is to just let the other one sell first and then wait for ours to follow at a slightly higher price or the same price. But, I would love to hear your ideas!
Todd Clark - Broker / Sales Coach
Palazzo Realty Group
Phone: (503)524-9494
Fax: (503)622-8739
©2009 Todd Clark - The Real Estate Limbo: How low can you go when two neighbors with no mortgage both want to sell quickly?
Todd Clark and the Friendly Home Team
Knipe Realty
Todd@IFoundYourNewHome.com
Phone: (503)524-9494
Fax: (503)746-9573
I am a licensed Realtor who specializes in Washington County, Oregon and also work in both Clackamas and Multnomah Counties including the cities of Aloha, Beaverton, Canby, Clackamas, Gladstone, Gresham, Happy Valley, Hillsboro, Milwaukie, Oregon City, Sherwood and Tigard. All information contained in these posts are copyrighted and cannot be used without prior written approval authorization from the author me Todd Clark. If you are looking for an outstanding agent please give me a call I would love to help you with all your real estate needs.
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