Our cute home- MLS # 64120 in Klamath Falls Oregon has been on the market since September with no offers. It is the best house in the price range, it has wood floors, a charming faux log furnace, fresh paint inside and out, great neighborhood (not ghettolike most at this price) and is ready to move into (vacant)
Why will it NOT SELL? We have dropped the price to $82900.
This is a GREAT INVESTMENT or RENTAL. This is OREGON 20 minutes to the California border and the area is going to boom!
It's only 648 sq. feet, 2 bed 1 bath- but it has a clear pest and dry rot, and also a newer roof. It is ready to go. We live out of state, had to relocate and now we are going crazy wondering what is happening. Any thoughts? Our realtor keeps telling us there is lots of interest, lots of showings, etc. Just no buyers. Why??
2007-02-23 05:35:54 · 10 answers · asked by justintime 2 in Business & Finance ➔ Renting & Real Estate
very simply, it is not a seller's time. It is a buyer's market, and prices are expected to keep falling. People want to wait. Perhaps spring will be better
2007-02-23 05:46:42 · answer #1 · answered by wellaem 6 · 0⤊ 0⤋
While I am not familiar with your home market, it seems that your price may still be to high. I say this because if you have many showings and no offers, the number one reason for this would be price. We often advise our sellers that if we don't see an offer after 3 weeks or 10 showings (whichever comes first) we need to re-evaluate. Most often the price is the problem. You may have another problem as well - size. 648 sq.feet is smaller than most garages in my market. Ask your agent to look into the zoning in your area. Is it possible to turn your property into a duplex or more? Consider this and the possiblilty of either seller-financing or attracting an investor.
2007-02-26 10:38:47 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Why scents may not make cents when trying to sell your home.
For many home sellers who believe the TV commercials that claim chemical sprays “sanitize” the air, plug-ins “freshen” the air and Fragrance emitting devices actually clean the air, well…this may not be good news.
The savvy home buyer has added chemical fragrances to their list of what they don’t want to smell when they are looking to buy a home. These chemical fragrances are now listed right next to mold, cigarette smoke odor and animal urine by many home buyers.
Home buyers today are more educated than ever. Even inexperienced first time home buyers understand that fragrances do not clean the air, they contaminate it and more often than not make people very sick. They have kids with asthma and allergies. They themselves might suffer from migraines, anaphylaxis or fragrance sensitivity.
Home buyers know that clean should not have a smell. So, while the location, square footage and price of your home might be perfect for your would be buyer, the smell of your home just might be the deciding factor on why an offer was not written up.
What does your house smell like?
Once plug in style fragrance emitting devices are used in a home, the oil / fragrance permeates the sheetrock as well as flooring. Similar goes for the fragranced dryer sheets in the laundry room. These chemical odors then circulate in the air vent system and will never come out, no matter what you do.
With the growing population of people suffering with fragrance sensitivity, Asthma and allergies, house hunting can often prove to be quite a challenge.
If you are in the market to sell your home, increase your odds of getting top dollar and more offers by discontinuing the use of fragranced products. Open your windows and let the fresh air in. Clean with non-fragranced products. . Your house will then be marketable to all potential buyers... even those with health issues.
After all, you do want your home to take a buyers breath away... but not literally.
2007-02-24 12:12:49 · answer #3 · answered by Smart Nurse 5 · 0⤊ 0⤋
1st of all it is in Kla-meth Falls
2nd $127 a sq ft? Pretty steep. Most people are looking for a house that will appreciate. If someone sells this in five years it will need to be $88,000 just to break even after realtor costs. And who wants to break even after 5 years.
3rd super small. 648 sq ft!! A 2 car garage is close to 400 sq ft.
4th Kla-meth Falls is not booming. Probably the only part of Oregon that is not. Ashland is 65 miles away and then another 180 miles from Ashland to Eugene. What I'm trying to say is that K-Falls is in the middle of no where. Saying that K-Falls is close to California is like saying that North Dakota is close to Canada. It is but who cares?
I think you need to evaluate how much you have in this thing and cut your losses before the real estate market really takes a dump.
2007-02-23 06:28:09 · answer #4 · answered by RichardFitzentite 3 · 2⤊ 0⤋
Well i will begin with its 648 sq feet.
TINY.
Plus its in Oregon, not the most desirable state either. Lower the price, lots of activity with no offers means its too high.
Good luck
2007-02-23 09:13:36 · answer #5 · answered by frankie b 5 · 0⤊ 0⤋
you don`t even have a Wall-mart there! you`re far away from the Redding,CA or Ashland,OR for somebody from outside to move there it`s kind of depressing....the locals won`t buy it because it`s expensive for 648sf....people over there can`t afford to pay 700 per month,they would rather rent for 200.....unless they work for that dumb WEIGH SCALE WHERE I`VE GOT AN OVER-WEIGHT TICKET ABOUT 16 YEARS AGO WHEN I WAS A TRUCK DRIVER!! :) and by-the-way that realtor is B.S.-ing..lots of showings....................
2007-02-25 14:37:59 · answer #6 · answered by acmilan 2 · 0⤊ 0⤋
There is no music scene in Klamath Falls. Jobs either for that matter.
2016-05-24 02:49:09 · answer #7 · answered by Anonymous · 0⤊ 0⤋
It's incredibly small and it's in Klamath Falls.
2007-02-23 05:53:27 · answer #8 · answered by rinkrat 4 · 1⤊ 0⤋
Its only worth 50 K... Maybe. Sorry for your loss.
2015-03-12 17:28:00 · answer #9 · answered by king 1 · 0⤊ 0⤋
648 sqare feet is TINY!!
2007-02-23 05:57:09 · answer #10 · answered by Box815 3 · 0⤊ 0⤋