Skip to main content

No offers after 4 months what to do?!

Bought the house in 2018 for 189k. It was built in 1915ish, 1100 sq ft and marketed as a 3b/1.5ba home with a back deck. Interior is very updated with a lot of natural light. Some downsides are street parking only (quiet street, never had problems), and it’s old with previous foundation repairs and an area that’s settled (engineer recently came out to inspect. Suggested some repairs to help stabilize the structure but not immediately needed). It’s also more like a 2.5 bed/1.5 bath as the 3rd bedroom is a big office but too small as a room for an adult. Taxes are also higher since it’s in the city. Other than that it’s pretty turn key move in ready or rental ready.

On the market for 4 months now because I have to relocate soon and realized that homeownership really isn’t for me anyway. Started at 225k but since have come down to 199k. Haven’t gotten any offers after 60 showings, nor too much constructive feedback besides what I’ve mentioned above. It’s already priced the lowest in the area. Is it smart to do another price drop? Need a new realtor?? Repairs??

PM for listing, could sure use a set of eyes and ideas!!

submitted by /u/1nfrequentF1yer
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/lu763j/no_offers_after_4_months_what_to_do/

Comments

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...

Pool fill without engineer oversight

We are in the process of purchasing our first ever home in CA and we just discovered in the disclosures that the new build property we are purchasing previously had a swimming pool which was filled without an engineer onsite to approve the work (details from disclosure below). Is this something we should be concerned with or not? Is it something we should have additional inspections conducted on? We are originally from the UK and not really sure what to do with this information and if it is concerning or not. A POOL DID EXIST PREVIOUSLY. COPING, TILE, GUNNITE AND REBAR WERE ALL REMOVED AND DIRT AND CLEAN DRAIN ROCK WERE USED TO FILL IT IN. COMPACTED FILL WAS NOT USED AND NO ENGINEER APPROVED THE DIRT AND DRAIN ROCK FILL IN submitted by /u/tommot82 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dpyzw8/pool_fill_without_engineer_oversight/

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/