Setting sale price on a home

[Anonymous]

Just a quick update. Our house has been on the market for just over 3 months now, with three or four showings but no offers yet. We've dropped the price to $148,000.

The happy, happy news is we recently got pre-approved by our CU and also through a broker (recommended by a family member) for a new mortgage.    Now if we could just sell our house...

[Lel]

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@Anonymous wrote:

Just a quick update. Our house has been on the market for just over 3 months now, with three or four showings but no offers yet. We've dropped the price to $148,000.

The happy, happy news is we recently got pre-approved by our CU and also through a broker (recommended by a family member) for a new mortgage.    Now if we could just sell our house...

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So I guess it's mixed news for you.  I take it that you don't need sell your first house before buying a new home?

I'm sorry to hear that your home hasn't sold yet.  I was worried about that when I replied previously.  Buyers are starting to creep back into the market, so hopefully it will sell soon. 

[Anonymous]

Dont worry yet as with both the grade/high and college year ending there will be more buyers on the market soon.  People with families dont like to move during the school year especially if they have to switch schools districts or if your house is more of a downsize for people with kids starting college or graduating and moving on, then those people will soon be looking as well

[Anonymous]

Actually we DO need to sell before we buy our next home. We're unfortunately (or maybe fortunately?) not one of those families that could juggle two mortgages in the checkbook.

Yeah, I figure the next couple of weeks will see a little more activity with showings. Our most recent showing (last Saturday) was for a couple from out of town, so probably a family looking to move into the area after school is out.