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Additional Details
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neal.laura | Selling my house? |
my house has been on the market for just under 7 months and it still hasnt shifted. we have dropped it 10 grand but still no interest. theres no chain as we dont live in it anymore but we cant rent it as we havent got the money to buy a new boiler ect. is there any other places like putting it up on the internet or trying to find property developers or people like that. i have my wedding coming up but at the moment its on hold as we cant sell the house. i no things are slow in that department at the mo but what can i do to give me the best chances? please help
Additional Details
ive dropped it as much as we can so icant drop it anymore. if we drop it anymore we will loose out! im in such a pickle! |
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Freeport77541
|
the very few qualified buyers out there will not even consider anything unless it is branded as a foreclosure or short sale. The media has filled their minds that that is the cheapest way to buy a house, so they will not even consider anything the traditional way.
All i can advise is pray to the higher power of your choice, keep the curbside appeal up and stay 10% over what you need to break even. Any buyer you find will try to lowball any price you have on it. Don't feel bad.. its the same all over |
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ish
|
You and everyone else who has a property for sale cant sell at present.
I would say that your Agent may not be actively pushing your property, have you got someone to ring up and express and interest in properties similar to yours to see what they do. Is your house mentioned and if it is get your friend to make a query about whats it like and is the a good area. If the agent is not singing the benefits of your home then send them packing.
A change of agents wont do you any harm anyway. 1% is the average fee and no long ties in deals or notice periods so you can move on if they are not actively marketing.
You need to repair the boiler if you are asked about his (and you will be by the buyers Solicitor) and fail to disclose its not working you could end up having to compensate the buyer.
If its not on every website that sell homes nationally its not getting enough publicity and compare it to similar properties in your area, if theres is lower you have to reduce the price. |
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Esther J
 |
Dear neal.lau,
I wish I knew what state you lived in to help answer the question better.
But without sounding hopeless, You really do need to understand that homes are just not selling right now. Your problem just isn't that buyers are not interested, it is that lenders are not easily lending anymore.
Starter homes are the hardest to sell right now.
And it is best to hold on to your home so that you can maximize your sale price.
I am not a Realtor, however I worked as a real estate advertiser for 10 years. And as much as I believe in advertising, it can be costly especially when the homes are not moving and you could spend quite a bit of money until your home sells. Bringing your home down 10 grand is a lot for you and I, but in the scheme of things regarding property dollars, it really isn't all that much. I am asking you this more for you not for humiliation. But why would anyone buy your home less ten grand when they can get another that dropped 25 or 30 grand. What separates your home from all the others. It isn't just putting an ad out there, your ad has to show what are you offering and how much do you really want to sell your home.
I hope I did not come off insensitive.. It is more of getting you to think out of the box. Put the Right Ad, say in the ad what will definately bring people in to see your home and to make it so desirable that they just simply can't pass this deal up.
Good Luck
p.s. another option...
Get a loan to make the repairs to this home and classify it as a business loan and a business home. Go to the department of aging and get the specifics for turning your home into a Senior assisted living residence. Bring in care givers and and you charge the going rate in your area for senior care.
Not only did you take care of your financial obligation for this home but now you have just created a business for yourself.
Make the best lemon aid out of those lemons. |
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flashinvestments
 |
You're definitely in a pickle and unfortunately I don't see a way out without spending money.
If I were you, I'd probably fix the boiler and rent it out. You might be able to sell it on a rent-to-own basis and get full price for the house. You might even luck out and find a handyman who wants to repair the house himself in lieu of a down payment/rent deposit.
Listing it with a Realtor probably won't work, because you'd have to get HIGHER than you're asking just to pay for their commission. Otherwise you'll lose money. |
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Penny P
 |
If you don't already have one, get a realtor, don't try to sell it yourself. You have to be willing to give a little in the money department with this crummy housing market. That may mean paying out to a realtor. I used Coldwell Banker, and they were awesome. They sold my house in 3 days. Also, I would check into someone to stage your house. There are people who come in, look at how it is decorated, and redecorate or paint, whatever, to make it look more appealing to the prospective buyers. |
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angela
|
Do you have it listed or are you trying to sell it yourself? There's a book you might want to read if you are selling it yourself. It's called, "How to sell your home in 5 days" by William G. Effros. |
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ajit4
|
Simple answer. The buyers confidence has declined so keep dropping by 5-10k until you start getting interested buyer. I'm guessing an urgent sell is required so get a move on before the prices drop further or it could be you are over valuating your house just like other sales. If only you took these steps 7 months ago. |
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LOZ
|
You could try asking your estate agent to make it a feature property when they advertise or ask them about an open day where they invite buyers around.
unfirtunatly with the market the way it is you may find it a struggle.
good luck tho as we have been there and its horrible but we did have an open day and it shifted quick smart so its worth a go.
all the best for the wedding
LOZ ;-) |
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Katie_42
|
List your house on as many places as you can so that you'll get more visibility.
Sell your house on MarketWall:
http://marketwall.com
MarketWall is free. Make sure you include a picture of the house. |
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ARIZONA
|
Real Estate market has changed so much. It is not the same as before when houses were sold in 3 days.
Lenders are getting harder and harder to qualify home buyers, that's why there are a huge inventory of houses for sale everywhere.
As homeowners are missing payments on these houses, they are lowering the price so it can be sold as soon as possible.
Many are priced for less than it's owed.
How is this?
You can sell your property for less than you owe negotiating with your lender a SHORT SALE.
For this, you must have a good short sale negotiator at your side (an experienced Realtor) and a qualified buyer.
As qualified buyers are hidden right now, I suggest to you to look for a Real Estate Investor that can purchase your house asap. They can also negotiate directly with the lender.
At this time, don't try to have a profit on the sale. Try to avoid a foreclosure!
Foreclosure is the worst scenario in your credit. Worst than bankruptcy.
You may want to learn other options to avoid foreclosure.
http://www.foreclosureinprocess.com |
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