Homes for sale in Huntsville; Troubleshooting homes that won't sell

Homes for sale in Huntsville ; Troubleshooting a homes for sale in Huntsville listing that’s not selling.

Homes for sale in Huntsville ; Troubleshooting a homes for sale in Huntsville listing that’s not selling.

Tags: Homes for sale in Huntsville

The link below is to MLS activity in the neighborhood since 01/01/09. The average sold price was $100 psf with a range of $91 to $124 psf. The house is listed at $113 psf, within the sales range but well above the average sold price. The average days on market were high at 136 days. There was however a huge range 13 to 396 days. Less encouraging is that there are eight other competing active listings with an average list price of $105 psf.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7113203911

We can troubleshoot Homes for sale in Huntsville listings by gauging showing activity. In our current market and in you price range we should consistently be seeing 1 – 2 showings per week. If showing activity is consistently lower, the property is priced above what the market will bear. If showing activity is good but there are no or very low offers, there is some reason the house is not showing well or there is some negative near the house. It looks like the former list price of $350,000 the house was at your break even price on a sale. At the current $339,000 you would take a loss of around $10,000.
There are a couple of options I can reccomend. The first is to offer the house as a lease purchase. We have used this successfully as a marketing tool and sold a house in your neighborhood that was on a less desirable lot. We were in a tough market then as well and other houses in the neighborhood weren’t selling. The builder had the house on the market for over a year with another firm.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7113203924
The link below is to the broad strokes of a lease purchase transaction.
http://www.huntsville-homes.com/LeaseOptionLeasePurchaseforSellers

Another option is to offer the house concurrently for rent while it is listed for sale and as a lease purchase. The link below is to rental listings in your neighborhood. Three of them are properties we manage or managed before they sold. While there is an ebb and flow in the rental market, in the six months you indicated you need to sell within, it will be April and the rental market will have started to heat up again. I expect that you house would rent in the $1,795 range.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7113203942
The link below is to a summary of our property management services and fees.
http://www.huntsville-homes.com/PropertyManagement