A Great Realtor and New Price!

We got another response with feedback from a Realtor who came by with an interested buyer.

Hi Jean, My client did like your property alot.  They are
shopping though and I don't expect them to make up their
mind before Christmas.  Thank you for making it available!  

We love our Realtor! We are really thankful that we have Jean representing our house! She is doing a great job advertising our house! The house will be listed in the January issue of Homes and Land Magazine. She understands the strength of the internet and has our house listed on quite a few websites.
www.zillow.com, www.jeanponek.com, www.livedeal.com, zzstar.com and craigslist!

We decided to wait until after Christmas to have an Open House. We have heard from a couple of Realtors that Open Houses aren't very effective. We really don't want to waste anyone's time on something that doesn't really work!

We lowered the price of the house this week to $409,000 which may seem insignificant but according to Jean: "We may consider dropping the price to $399,999 - $409,000, to get it below the $410,000. This will bring it to peoples attention again in the MLS and with the interest rates dropping might stimulate a bit more activity"

Looking up!

The housing market seems to be looking up! Jean (our Realtor) says that she has gotten quite a few calls this week from buyers who are looking for houses in the area. She also said that she has spoken with other Realtors in the area whose phones are "ringing off the hook" from buyers. That is some good news! This time of year is notoriously bad for selling a house but according to Jean buyers who are looking now are usually more serious...not your average "lookie-loos".
Apparently the lowered interest rates have made it more enticing for buyers.
This is an article on the web from yesteray:
"The decline in mortgage rates and the slowing in home price appreciation, along with the buildup in inventories, has led to a much better situation for home buyers through increased affordability as well as more inventory to choose from," he said. "Households are saying on surveys that home buying conditions have improved notably, and that has coincided with the stabilization in home sales." (USA TODAY DEC 6, 2006)

Feedback

We have had 3 interested buyers come by our house for a visit since we first listed the house on November 6th. We just got some feedback from one...

Hi Jean,

Sorry it took so long for me to get back to you. My clients were concerned about the steepness of the driveway. They did like the condition of the house and the work being done in the backyard. I don’t think they’ll be making an offer on this house. I’ll keep it in mind if another client wants to look in that price range in Atascadero . Take care, Frank

I don't get it....