Buying A Home
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
How long was your house on the market?
I know this is dependent on so many factors like condition, the area, inventory, etc., but we're listing our house in about two weeks and I'm curious how long people have had their house listed before they accepted and offer. This is our first time selling so I'm wondering what to expect.
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Re: How long was your house on the market?
Your agent should have access to the stats for your area, including average days on market.
We're buying, but in our area (top notch school district, stable housing market, low unemployment) houses that are priced right can sell in a week. Houses with unrealistic prices that don't account for condition or other negative factors tend to sit until there's a price adjustment or they sell for well under asking.
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We sold our house in a little under 4 months. Our condo has been on and off the market for 2 years ..... It really depends on the property, the market and the location.
Good luck.
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We just bought a house that was on/off the market since 2009 actually. It was on the market for almost a year before we bought it. The housing market around here is pretty bad and it is in a very rural area.
FI's parents' house finally sold after 2 years. One of my friends' house has been on the market for a year and half now.
Really tough here.
In our area, mid-MO, a majority of the house we saw when we first start looking had been on the market 6 months or more. Our realtor told us though that in our market and I would think it would be the trend in a lot of areas, the majority of homes are sold between April and September. Like close to 95% of them.
We have seen house that are new on the market while we have been looking and a majority of those are still on the market here as well. If a home is nice and priced right, it will sell. We have only had one house that sold before we could manage to go and see it. It was priced well and had amazing finishes.
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On the buying side, but the house we are buying was on the market last year for I believe 6 months or so, and it had been back on the market for about 2-3 months when we made our offer. They lowered the price the second time around
We sold our house last week after only 8 days on the market. We priced it slightly on the higher side and we're keeping our fingers crossed that it gets appraised at our selling price.
The market around here is hopping and nice homes are getting snatched up in a matter of days. Of course, others are sitting on the market for awhile.
what part of alexandria are you in? I would say that you shouldn't worry too much. Houses in NoVA in good shape and in good locations are selling very quickly. We sold our TH in Reston last summer in 3 days - started showing Thursday morning, had an offer on Saturday morning and had finalized the contract by Saturday evening (there were a couple back and forth counter-offer phone calls through the day). Our buyers had been looking in the area for 3 months and had seen a LOT of short sales and foreclosures as well as properties that were not updated. Our house sold for $11K more than the most recent sale in our neighborhood because we had a newly updated kitchen, fairly recent bathroom updates and almost all appliances/systems in the house had been replaced while we were there (almost 8 years).
The house we bought in West Fairfax/Chantilly was on the market for a month. They were originally priced too high. They dropped their house $15K, we viewed it and we settled at $20K below original asking price.
Just make sure you have staged your home/decluttered. Good luck!
3 weeks.
We were really fortunate.
Originally we put it on the market in October took it off in January had lots of showings but a crappy time of year to sell.
Put it back on March 16th- had an offer the 17th- signed the contract in the am on the 18th. We close April 11th... yep a quick sell. I am relieved.
We first put our house up for sale in August of last year, we got no showings, and took it off the market in December. It was a bad time to sell and the Realtor was ignoring our calls and emails. We re-listed it the first week in March with a different Realtor and lowered the price by 13k. We have had around 2-3 showings a week and are expecting an offer to come in this weekend or early next week. A couple that saw the house last week is going to look at the house again on Friday. This time they are bringing a roofing contractor with them. Our Realtor said that they want a roofing and siding estimate before they put in an offer. Our roof needs to be replaced badly and we can't afford to put on a new one. When we priced the house, we took the roof into account. We can't go much lower than what we are asking but I'm confident that we can negotiate something.
We already found a house we love and are probably going to put in an offer. According to Zillow, it has been on and off the market for the past three years but it was most recently re-listed last week.