Our house is currently advertised for $330-370,000. The real estate agent was pushing S to reduce the listing to $330-360,000. They have been at her on this level for some time, and she is getting tired of this kind of pressure. I emailed the real estate agent to say we’d prefer to leave it advertised as is until May, when the tender period expires. Has the agent forgotten the meaning of the word “tender?”
He came back promptly with a note saying how other properties sold quickly, that although our presentation was good, he implied the problem with our property not selling must be related to the price. It’s true that there had been no offers made. Though, he didn’t consider the possibility that lowering the price will indicate a general lack of interest by other buyers. He didn’t consider the punters may consider us desperate to sell.
S is wondering whether we should take the house off the market, and put it up for rent, and use it as equity to buy another house in Canberra. I think that was rage speaking, and very understandable. It’s an option. Anyway, the renters may stuff up our garden. She rang him and put to the agent the notion of pulling it from the market, and putting it up for rent. He volunteered to manage the rental – an opportunity at every corner. Anyway, it was sufficient for him to pull the pressure off.
We may have over capitalised in some of the work we did on this property, but we are not going to give it away. Someone paid $365,000 for a property literally around the corner from us, that shocked S in its price and quality. It was on a quarter acre block, weatherboard, no garage, one bathroom. So why should our place be valued for less?
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