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Old 08-22-2008, 08:31 PM   #1
cosis
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Anyone else selling a house?

House has been on the market since Oct. 07 and only 1 offer......... reduced it 10k twice and still nothing.
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Old 08-22-2008, 08:33 PM   #2
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Is your reduced price in-line with other houses that are selling?
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Old 08-22-2008, 08:35 PM   #3
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It all depends on the market. I am selling a flip with 2 partners and we are getting a lot of action including a very solid contingent offer in place.

We set our sell price dead on with comps in the area etc.

Good luck with your sale.
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Old 08-22-2008, 08:35 PM   #4
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Quote:
Originally Posted by cosis View Post
House has been on the market since Oct. 07 and only 1 offer......... reduced it 10k twice and still nothing.
I have two I have been trying to sell since jan 580k and 346k

reduced ...... listed everywhere in the world

1 offer on the 346k for 250k
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Old 08-22-2008, 08:37 PM   #5
cosis
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Is your reduced price in-line with other houses that are selling?

Pretty close, there hasn't been many houses on the street for sale lately. Oddly enough the only 3 on the entire street are mine, the one next door, and the one across the street.
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Old 08-22-2008, 08:40 PM   #6
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Terrible time to sell now, not sure if it's an option for you guys, but I would hold them and rent them out instead of letting them go cheap...
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Old 08-22-2008, 08:44 PM   #7
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good luck there hoping to see your right house hahahahah
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Old 08-22-2008, 08:53 PM   #8
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Well I wish you luck.
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Old 08-22-2008, 09:10 PM   #9
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Quote:
Originally Posted by cosis View Post
House has been on the market since Oct. 07 and only 1 offer......... reduced it 10k twice and still nothing.
I just FINALLY was able to buy a new house. And if you've only went down 20k from your original price I think you're gonna find that at the moment you're not even close yet.

I went through 3 houses in Vegas that I was prepared to close on. The first two, the deals were set...then the bank appraised them: Both came in at over 200K less than what the owner COULD sell them for (upside down mortgage)

Deal was off.

I finally got sick of it and I'm closing on Sept. 22nd (flying straight from the Atlanta Forum to Vegas) on a great house. But the bank appraisal came in 100K less than what the owners wanted. I'm paying the overage out of pocket. That's how bad the housing market is.

On a side note...my current home is sold and I'm closing that deal with the buyer on Sept. 30th. I sold it for 80K less than I wanted. I had it on the market for 5 1/2 months.

Good luck bro. The market is a bloodbath right now.
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Old 08-22-2008, 09:43 PM   #10
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You're going to get nothing but lowball offers if any in this market
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Old 08-22-2008, 10:32 PM   #11
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Remember what you lose on your house, you gain on your buy. Try renting out your current house till the market changes then sell it.
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