Why hasn't this home sold yet? Rock Ridge, Naperville

By
Real Estate Agent with Charles Rutenberg Realty - Naperville

It was a rainy morning in Naperville, and I had a 10 AM appointment to show a home on the east side of  the city.  A great location....

Although I don't normally like to show homes on a rainy day, today would be different.

I was only showing one home.  I was with a couple of friends who were also my very first clients.  I will always remember my first sale...

We were seeing a home in the Rock Ridge subdivision in Naperville,  My clients loved the location and the school district.  From the outside, the home was very appealing, even on a rainy day...

Rock Ridge Naperville
-a rainy morning in Naperville...

They were looking for a slightly larger home, and wanted a quieter street. 

As we walked in the door, I couldn't help but say "Whoa!"...

The house was cool.  The sellers had great taste, and everything was new...

They had a different style too.  Unusual.  The kitchen actually opened all the way to the front door... 

And it was a beautiful kitchen.  Tons of granite, with high quality cabinets and appliances.  It really drew me in...

The whole house did.

After about 20 minutes enjoying the first floor, my friend asked, "Why hasn't this home sold yet?"  A common question...

"Price" I answered.

"Really?" my friend asked...

"Yes.  The home has been on the market for 47 days.  Not a long time, but it has been shown 10 times.  No offers yet. 

"Every day a home sits on the market, it is dropping in price..."

Ken

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Topic:
Real Estate Sales and Marketing
Location:
Illinois Du Page County Naperville Rock Ridge
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Tags:
why hasnt this home sold
naperville rock ridge
pricing homes to sell
buying homes in naperville
selling homes in naperville

Comments 23 New Comment

Rainmaker
217,643
Lynda White
Admin. Mgr., Keller Williams Realty
Bluegrass Homes & Farms Realty, Agent Know How

I do marketing for our team, but all the marketing in the world won't sell a home if it's not priced right.

August 29, 2012 08:29 AM
Ambassador
586,823
Janna Scharf
Coeur d'Alene Real Estate Pro
Keller Williams Realty Coeur d'Alene

Price overcomes any other obsticle.  But I have to say that 47 DOM doesn't seem like long based on my local market.

August 30, 2012 11:33 AM
Rainer
56,556
Cyndi Carver
Issaquah & Bellevue Specialist
John L Scott, Inc.

How about when it sits for 47 days and shown over 100 times and still hasn't sold?

August 31, 2012 12:52 AM
Rainmaker
163,708
Sham Pathania
Homelife/United Realty Inc. Brokerage
Its, Wait and watch game. At the end, every home gets sold. Big or small, doesn't matter.
September 08, 2012 09:33 PM
Rainmaker
260,368
Wayne B. Pruner
Tigard Oregon Homes for Sale, Realtor, GRI
Oregon First

#19 said it best. A high price is hard to overcome.

November 16, 2012 09:04 PM
Rainmaker
470,437

Ken Tracy

Naperville Illinois Real Estate
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My story. From rags to riches in the crazy world of real estate sales...


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