Short version: If I want to sell a piece of property (land + house) but I’m not in an immediate hurry to do so (and I’m not at a point to do the whole staging thing), would it be counterproductive to put it on the market as-is at the minimum price I need to get? The idea being that if someone will pay what I’m asking I’ll bust my butt and get out, but if I don’t get any takers it can sit there for a while. Will this be bad for it’s eventual sellability? (Yeah, not a word, don’t care :p)
Details, if you’re interested:
We moved to SC this summer, but still own the house + 13 acres in TN. Husband has a small company in TN and spends a few days a week there, so for the moment it makes sense to keep the house. Emphasis here on MOMENT. I’d rather not be paying 2 mortgages, but because the area has FiOS and we have the business servers there, and it’s a place for him to crash a couple of nights a week, AND it’s sort of a storage unit… it’s ok. (We left a lot of crap – his crap mostly – that needs to be sorted and dealt with)
My idea though is to slap a price on it that would clear the mortgage and possibly give us a bit over. If someone comes along and says Oooh! And is willing to pay it we could be out and done quickly. But if not, we’re ok sitting on it for a while. The problem is that the house is worth not much, it really needs to be torn down and a new house built on another spot, but it’s liveable so someone could live in it while they built a new one. It’s a funky but lovely property, in my estimation this place is going to need just the right owner, it’s going to be a waiting game anyway. I think the area is growing and the market improving, but I’m not 100% sure
So, what would it do to the property’s reputation if it sat on the market at an unchanging price for a while?