Anyone on here work in real estate? Could use some advice please!
Ok just after some advice (or opinions from other people if they like!) about our house.
We've been on the market since September, and its reallllly slow down here. Apart from the inital 2 or 3 people that came to look through it - we've had no interest whatsoever.
We know that the market is slow, the real estate agent keeps on telling us that. We had one person "interested" but had to sell their place in St Helens first, and apparently its even MORE slow on that side of Tassie than it is here (near Launceston).
Now, my mum has offered to purchase the place as an investment for her. However - she has to sell her block of land on the sunshine coast, and its slow up there as well. So no movement up there apart from one buyer who is interested - but of course - have to sell their house in Beerwah first *sigh*
So our problem - when do we drop the price we have on it to get the sale? We have until the end of the year to sell it. We have to sell it. Its currently on the market for offers between $255,000 - $275,000. There are two units next door on the market (nearly exactly the same but smaller versions of ours, and they share a common wall, we are separate and have a double garage and a nicer outlook out the back) and they are on the market for $239,000. We've been here for a year, and they were on the market for $260,000 when we purchased ours (for $265,000) and now he's slowly been dropping them - and still no interest at $239,000.
DH is telling me to get a date in mind so we can drop ours too. I told him that it doesn't seem to matter if we drop it, otherwise the ones next door would have sold when they dropped their price. He disagrees, saying that people maybe didn't want a unit as small as that for that price.
I'm unsure what to do. I suggested dropping the price in June if we haven't sold it by then. Is that cutting it too fine considering we have to be in Queensland by next January? How much should we be looking at dropping it for? Sucks that we can't even make our money back on it what we paid for it, but we are sacrificing that so we can be with our families again and DH can go to uni in Qld.
Any suggestions? Advice? Investors amongst us? ;) hehe