Houses in your neighborhood are large, but only small houses have sold recently. What happens when you sell?


Houses in your neighborhood are large, but only small houses have sold recently. What happens when you sell?
By Scott Rogers • September 30, 2011
Take a look below at your neighborhood. The houses in black are larger, and have not sold recently. The houses in red are small, and have sold recently. Your house is large, and is in blue. What could you sell your house for today? Could you sell your home for $295K Or $290K? Or even $280K? Or would the recent lower sales drag the value of your house down because of the recent sales of smaller homes? I have found that in plenty of circumstances similar to the above: Sellers believe their house is worth $295K or $300K, and that is probably a realistic value. Buyers believe they should be able to buy the house for $265K to $275K. This shows that they are willing to pay somewhat more for the house since it is larger, but they don't believe the value difference could really be $50K without having larger home comparable sales to examine. Refinancing your house could prove to be quite difficult! What have you experienced? Receive Updates by Email Recent Articles: Will Your Offer Terms Cause The Seller To Say YES Or To Seek Other Offers? The Comfortable Feel Of An Established Neighborhood Might Come With, Surprise, An Older Home That Needs Some Updates Home Sellers And Buyers Will Often Disagree About Needed Updates You Cannot Hear Traffic On A Nearby Road By Looking At Photos Last Call (Just About) For Selling Your Home In 2024! Sometimes An Offer Is So Strong A Seller Will Not Wait For Other Imminent Offers If You Will Be Moving To Sunnyside, VMRC Or Bridgewater Retirement Community, We Should Talk Sooner Than Later Sometimes It Makes Sense To Just Adopt The Timetable The Seller Prefers Fewer And Fewer Resale, Detached, Homes Selling In City Of Harrisonburg The Next Owner Of Your Home Might Love Different Parts Of It For Different Reasons, And That Is OK!
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 01, 2024 (unless otherwise noted).
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