help...I need to sell....I dropped my selliing price 2 times..and then my neighbors dropped their's too...real estae agents say this and that ..but people will not buy...I have a lot of other debt..any advice?
2006-06-24 15:04:28 · 13 answers · asked by mayigniteunderpressure 3 in Business & Finance ➔ Renting & Real Estate
the damn mortgage brokers/bankers hustled me big time...and now I am pissed off...I don't trust them...
2006-06-24 15:12:37 · update #1
I live in naples florida..so mamy new homes for sale...
2006-06-24 15:16:02 · update #2
Maybe knowing that you're in good company will make you feel a little better.....My house has been on the market for just under a year. We've dropped the house by 15% (about 110K) and still no activity (for a beautiful house.) It's just a BAD market right now. By the way, I tried the statue of St. Joseph (didn't work for me.) Also tried the "sell your house" prayer - nothing yet. I sincerely wish you good luck and if you find out the secret to success, PLEASE send it to me!
2006-06-24 15:17:20 · answer #1 · answered by clueless 3 · 2⤊ 1⤋
I have a house for sell too,and it has been in the market for 6 months and a half month, I put it with Remax this time like a new listing,When I started to sell the house the price I dropped the selling price twice like you. Something I didn't know the market rates for mortgage loan are higher than 6 months ago, It means there are fewer buyers than before. Something you can do is give an incentive to buyers, may be have appliances included or offer cash back. Keep in mind that if your are selling in the highest end the house need to be updated. But anyway the market is against the sellers, right now , I understand i get anxious too, just wait..... Watch the news they talk a lot about the market situation.
2006-06-25 06:18:54 · answer #2 · answered by galoc37 2 · 0⤊ 0⤋
You were probably asking too much $$$ to begin with. You should probably take your house off the market for a few months. Then, when you re-list it, it will appear as a "new listing" instead of a house that has been on the market for months and months with no sellers. Do you need to sell because you are moving elsewhere? If so, maybe you could rent your house until it sells - in the meantime at least you could pay your mortgage.
By the way, why are so many people in your neighborhood trying to sell?
2006-06-24 15:32:03 · answer #3 · answered by ps2754 5 · 0⤊ 0⤋
Have your agent pull a 'days on market' report for your neighborhood. This will tell you how long it takes, on average, to sell a house in your area.
If you are well over that time, you may need to drop your price again. You need to ask yourself if you want to sell bad enough to take what is owed on it and not make a profit.
If you bought in at the high end of a seller's market, like California, you may just be screwed. 1800 square feet won't always sell for $600,000. Those people are just idiots.
2006-06-24 15:14:47 · answer #4 · answered by normobrian 6 · 0⤊ 0⤋
I am a Mortgage Lender, you may be over looking the problem. Most people need closing help. Most agents need the money also. Don't drop your price if you don't have too. Give the sell agent a 1K selling bonus and the buyer closing help.
Hope it work for you market area.......
http://575NoMoneyDown.com
2006-06-25 14:15:49 · answer #5 · answered by ron d 3 · 0⤊ 0⤋
Watch "Sell this House" on A & E. Here is the website to get some ideas. I have a "Staging" Company (Made U L@@k) in AZ . Website coming soon.....
You will have much better idea of what I do for a living. Need any help send me pictures.
2006-06-24 17:54:51 · answer #6 · answered by made_u_look06 2 · 0⤊ 0⤋
apply for a bridge loan on a new house, (lower costing house) and the mortgage company or bank involved in the sale will take over payments on the house till it is sold mean while you have the money needed to get into a less expensive place.
2006-06-24 15:09:32 · answer #7 · answered by micki_g 4 · 0⤊ 0⤋
Hello,
That just implies instability in your neighborhood. You might want to look at such aspects as some big industries closing in your area. Some big retail moving out of your area. Changes to zoning rules and schools.
You might also want to check the demographic information such as education, salaries and overall shift in tastes. It might even be due to oversupply of new homes nearby.
If you see a persistent trend and one or more of such bigger impacts, you would be better off moving out of the area. In case you don't see anything changing then you might just want to stay put irrespective of what your neighbors are doing. You might just see a sudden increase in prices in a very short time.
I hope that helps.
Best regards.
2006-06-26 09:41:19 · answer #8 · answered by amolheda 3 · 0⤊ 0⤋
You can also sell your home as a lease/purchase option.
10% down and you carry the loan at 9%.
2006-06-24 15:34:42 · answer #9 · answered by Nick R 3 · 0⤊ 0⤋
There is this theory that if you bury a statue of St. Joseph in your yard, you will be able to sell your house.
2006-06-24 15:12:36 · answer #10 · answered by K 3 · 0⤊ 0⤋