My house was listed September 24, it was pending within the first week. My agent listed higher than the initial price point (I’m guessing knew of a potential buyer who could go higher and my house was what they were looking for- same agency but different buyer agent).
Week of the closing the buyers backed out due to an abstract issue. They wanted to rent out but my abstract says you can’t operate a business on property. My attorney said I can’t fight it, keep the earned and just relist it.
I had had a really bad winter for this area which is likely reason no offers yet. I’m hoping spring it will be different. We’ve dropped it $15K so far so we are finally at the price it was supposed to be listed at. I’ve had 13 showings since 1/17. Most reviews say the price is too high.
My agent also advised I may need a structural engineer to come out. Someone wanted house but walked due to a basement wall. The wall in question has 2 pilasters so people assume the wall isn’t stable but I think the opposite especially a house of this age (40’s). My agent thinks having a letter stating that wall is stable will help us on future showings. If someone truly was serious, I feel like they would put an offer in with contingency on the wall inspection. When I ask others they say the buyer should be the one to pay for it if they want it and think it’s odd to have it done now but again maybe it will help cause the house has been sitting. I was also told this isn’t first time and multiple agents mentioned the wall but I wasn’t told about the concern until this last showing.
Am I right with the way in thinking or would this inspection and letter actually help me sell the house?
I’d like to lower the price because I don’t think it’s priced right but I’m not sure how often to lower it.
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source https://www.reddit.com/r/RealEstate/comments/1j3y8dr/selling/
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