Last month, we alerted you to a Washington Post article about home sellers coping with houses in limbo. The New York Times has also addressed this topic recently in an article entitled, Losing Patience With the Open House. The article points out that buyers and sellers get weary of repeated open houses. For buyers, trudging to house after house is tiring. And of course having to clean up and leave is tiring for sellers.
In the article, the writer described the difficulties a couple with a young child had in trying to accommodate a number of open houses over months to sell their home. The couple went against the advice of their real estate agent and accepted an offer because they felt fatigued after many Sundays of making room for open houses.
The house was sold for $825,000, which meant they did make a profit since they originally paid $749,000. However, had they followed the advice of a real estate professional and waited until the spring when open houses are more popular, they might have made as much as $900,000.
We can’t say whether the couple should have waited longer; the family was ready and apparently willing to sell their house for less to move on with their lives. However, if you would like the advice of a top Maryland real estate agent, contact John Day.