Anyone have ideas about how to sell my lake house?

Profile picture for mlong0230

http://www.zillow.com/hom ... 356_zpid/ We originally had the house on the market for $305,000. No offers. Before we took it off the market 2 yrs ago, we were at $220,000 with no offers. We have 2 children with another on the way. We need the money that this sale would bring. The house is valued by the state of TN at $207,000. But having the house appraised during a re-finance 2 years ago, it was valued at $226,000. We had another independent appraisal this year at $238,000. The least we can take is $180,000. The house is lived in and cannot be staged really efficiently. Any help or ideas (or offers) would be appreciated greatly!

      Flag content
    Close
    Report a Problem

    Please enter a valid email address.

    Close
    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    Close
    We're Sorry
    This service is temporarily unavailable. Please come back later and try again.
    June 29 2011 - Morristown
    • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

    Answers (12)

    Profile picture for ConnieK_Oklahoma
    you've come down so much already and the pictures look great.  I suspect the Thomas room might be a small issue for some- offer to repaint if needed (although anyone with a preschool age boy would just flip over that! been there 3 times).

    If you are willing to work with buyer's agents, I would have a broker's open house, serve some food and snacks, call a local lender see if they will sponsor it for you and if they will email out notice to local agents, send a fax to all the local brokerage offices around.  Create fliers for them or info sheets so they have all the details including what you're willing to do if they bring a buyer and how to contact you for showings.   What this will accomplish is putting your house in front of all of those people- and potentially one fo them will have a buyer. You might even offer that you will allow them to advertise your home (with conditions of course).
      Flag content
    Close
    Report a Problem

    Please enter a valid email address.

    Close
    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    Close
    We're Sorry
    This service is temporarily unavailable. Please come back later and try again.
    July 06 2011
    Profile picture for mlong0230
    Sunny, you are so right & thank you sooo much for your honest input. Ill post the link when I get eveything just as you suggested! Thanks again! Dan, I had thought about FSBO. Just scared because I know I dont have the time to put into it all ny myself. I am taking your advice on the appraisal though. Just the advice I was looking for guys. I wish I could give best answer to both. You guys are awesome and really sound like you know your atuff!
      Flag content
    Close
    Report a Problem

    Please enter a valid email address.

    Close
    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    Close
    We're Sorry
    This service is temporarily unavailable. Please come back later and try again.
    July 06 2011
    Profile picture for sunnyview
    Photos can make such a difference. I hope you come back and post a link when you get them up. I'd love to see them!
      Flag content
    Close
    Report a Problem

    Please enter a valid email address.

    Close
    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    Close
    We're Sorry
    This service is temporarily unavailable. Please come back later and try again.
    July 06 2011
    Profile picture for the_country_hick
    If you do not want to use an agent try www.forsalebyowner.com as that is the big site for FSBO. Like zillow there will be a charge to list a house there.

    I suspect that high quality waterfront at a reasonable price would be easy to sell. That does not mean I am correct. Is your lake a very good fishing lake? That makes a lot of difference in both price and appeal.

    I am sure you realize that what a house was worth 2 years ago means nothing today. If your house is really worth about $238k today per a genuine appraisal it seems it should sell if you offered it for $215k with solid marketing behind you.
      Flag content
    Close
    Report a Problem

    Please enter a valid email address.

    Close
    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    Close
    We're Sorry
    This service is temporarily unavailable. Please come back later and try again.
    July 06 2011
    Profile picture for wetdawgs
    Dunes' remarks were directed at the agents who posted on your thread "call me, call me!!" (and then edited out by the Zillow moderator).  Self promotion is forbidden in the advice section, hence the edits.
      Flag content
    Close
    Report a Problem

    Please enter a valid email address.

    Close
    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    Close
    We're Sorry
    This service is temporarily unavailable. Please come back later and try again.
    July 06 2011
    Profile picture for mlong0230
    Dunes, i dont know if you are throwing that at me or not. This post was created me, the owner of this house, NOT ZILLOW. I find your snarkyness a bit unsettling. I said I appreciate any and ALL help. I dont need a lesson on "refferal fees" or anything else for that matter. Sunnyview, thanks for the advice! I will work on the new pics this weekend & removing the clutter. Good advice! Thanks! jeff, thanks for the interest! It may be that ive just had a bad experience or chose the wrong time in the past. If we decide to enter the market again, I will definitely give you a call & opportunity to look at the place. Thanks! brian, thanks for the compliments! Great idea about checking comps & seller ratings on zillow. Never thought about it. To answer, im a little gunshy right now with realtors. thanks to everyone!
      Flag content
    Close
    Report a Problem

    Please enter a valid email address.

    Close
    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    Close
    We're Sorry
    This service is temporarily unavailable. Please come back later and try again.
    July 06 2011
    Profile picture for sunnyview
    I would like a better first photo of the front of the house that included some flowers planted around the lawn going to the front door in an arc. Some stepping stones placed on the path to the front door would make the entry look better and I would also add a pair of colorful matching pots where the white planter boxes are.

    The inside looks nice, but I would go through photo by photo and remove or reshoot any that have too much clutter or just too many objects in a space to be able to appreciate the room. I would also love to see more shots from the house to the view outside that focus on the view and not the deck. So shots showing just the top of the deck railing or out a window so people can get a sense of the house.

    In this market, it is about presentation and price. Make sure and get a new CMA and price your house a little below that if your market is still correcting. Price it right so you won;t be chasing the price curve down. It is a pretty house and setting so I'm sure there's a buyer out there.
      Flag content
    Close
    Report a Problem

    Please enter a valid email address.

    Close
    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    Close
    We're Sorry
    This service is temporarily unavailable. Please come back later and try again.
    July 06 2011
    Profile picture for Dunes....
    It was nice of Zillow to create this Q & A just so Agents could post Free Ads........

    "Spam, advertising, or self-promotional content is not allowed in Zillow Advice. This includes, but is not limited to, any contact information such as phone numbers, email addresses, or website URLs"
    Good Neighbor Policy
      Flag content
    Close
    Report a Problem

    Please enter a valid email address.

    Close
    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    Close
    We're Sorry
    This service is temporarily unavailable. Please come back later and try again.
    July 06 2011
    Hello Mr. Owner. [I'm self promoting in violation of Zillow's Good Neighbor Policy, therefore, the moderator deleted my words.]
      Flag content
    Close
    Report a Problem

    Please enter a valid email address.

    Close
    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    Close
    We're Sorry
    This service is temporarily unavailable. Please come back later and try again.
    July 06 2011
    Profile picture for Dunes....
    Solicited Zillow Reviews and Agent Referrals for selecting an Agent..
    Might as well rip a page out the phone book step back twenty paces and throw a dart at it... then use whoever the dart hits


    "Referral Fees from One Brokerage to Another and Agent Split"


    "Referrals come "off the top" before commission is split. The referral is a negotiated percentage paid to another company for sending a client, either as a seller or a buyer. Here's an example of a typical buyer referral:

    1. Brokerage A has a client selling their home and leaving the area. They refer the buyer client to Brokerage B in another state with a written referral agreement at a certain percentage of the final commission earned by Brokerage B.

    2. Using the $12,000 gross commission from above, and an agreed referral fee of 25% would give Brokerage A $3000 for the referral, and Brokerage B's agent and broker would split the remaining $9000.

    3. Using the 50/50 split from the first example would yield $4500 for the agent in Brokerage B."..Link

    Perhaps you might be interested in reading this Information provided by the Department of Justice before choosing an Agent..learn about some options you have for cutting back on Agent/Listing costs
    Consumers Can Save Thousands of Dollars in Commissions

    Competing Models of Real Estate Brokerage

    Competition and Real Estate
      Flag content
    Close
    Report a Problem

    Please enter a valid email address.

    Close
    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    Close
    We're Sorry
    This service is temporarily unavailable. Please come back later and try again.
    June 29 2011
    Thanks for your question "mlong0230".

    Are you opposed to hiring a full time, professional Realtor?  I would research on Zillow for one then read their client reviews and make a selection from there.


    Hope this helps, good luck.

    P.S., the place looks great!  I wished I was in your area! :-)
      Flag content
    Close
    Report a Problem

    Please enter a valid email address.

    Close
    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    Close
    We're Sorry
    This service is temporarily unavailable. Please come back later and try again.
    June 29 2011
    Profile picture for wetdawgs
    Suggestions:

    1. Work through the comps in your area to come up with a fair market price.  

    2. Put it for sale for real on Zillow and other sites.  "make me move" houses are often skipped over.

    3. A house doesn't have to be staged, but extraordinarily clean and relatively tidy help. 

    4. Photos - there are too many photos of the lake and too few of the house. 

    5. In the description lake views are mentioned.   Does the property have access to the lake?   Can the lake be used for fishing? Swimming?  Boating?

    Have you read Rockinblu's excellent blog on FSBO Zillow 101?
      Flag content
    Close
    Report a Problem

    Please enter a valid email address.

    Close
    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    Close
    We're Sorry
    This service is temporarily unavailable. Please come back later and try again.
    June 29 2011
     

    Have a question? Ask it here.

    What's this?
    Close

    By starting a discussion, you can expect more of an interactive, back-and-forth experience where the conversation can go in many different directions.

    Or start a discussion

    E-mail successfully sent!Submission failed!

    Related Questions
    Profile picture for ConnieK_Oklahoma
    QuestionAnyone have ideas about how to sell my lake house?
    • Latest answer by ConnieK_Oklahoma
    • July 06 2011
    Profile picture for John Wm.  Zick
    QuestionWHY CAN'T I EDIT MY WEBSITE?
    • Asked by John Wm. Zick
    • February 24 2011
    Profile picture for rockinblu
    Questionhow do I change the price of my house?
    • Latest answer by rockinblu
    • April 21 2010
    Be A Good Neighbor

    Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy