Neigbours now selling a week after us, good or bad?

Hi Dagontrend thought I might add my two cents worth! hope you don’t mind Jackie.

Here is my hard hitting honest opinion if you are interested.

My initial reaction to your storey is that you realize the home a couple doors up represents better value for money and if you see that then buyers most certainly will! I agree with Jackie about withdrawing your one from market until the other one sells, the last thing you want is your home languishing on the market with a “lemon” tag because it hasn’t sold.

In regards to your expectations of $200k more than your neighbour and your admission that they are virtually the same property but yours is finished better,
My experience has taught me that NO identical property is worth $200k more then another no matter how better finished it may be, buyers are much better educated these days all information available to agents is now available to buyers with the internet so when the other property sells for $200k less buyers will know and compare value with yours, fact of the matter is you can do a hell of a lot with $200k buyers would probably prefer to use that money (or less) to spend on the neighbours and they can spend that money to renovate to there own tastes and not someone else’s.

It is also my experience that in 15 years of real estate I have yet to come across an owner that is prepare to sell there home at any cost desperate or not owners that are desperate still want top dollar they just put more pressure on the agent for a result sooner rather than later, if they are “offloading” it as you described
Then they would still expect market value no owner says to the agent “ just give it away” and if they can afford to own an investment property then they must be financially sound, rest assured whatever the neighbours home sells for will be fair market value and not “Cheap” buyers still have to compete to own it.

My advice is to commission an independent valuer so you know what your home is really worth and then armed with that information make a decision whether
Or not you are prepared to accept market value or keep it.

Also if your neighbour’s property is an investment it makes sense to me that they are looking at the transaction as purely commercial, unlike an owner occupier who has certain memory’s such as raising kids in the home etc... a home is always worth more in the owner occupier’s mind for this reason and they know and understand the intricacy’s of the property such as inclusions that they value that buyers may not.

I am interested in who set the price on your home? Was it you or the agent?

If it was the agent how did he justify the $200k extra?