A lot of factors come in to play here obviously but I do think I know of your home which to keep this private I won't mention the road. I can tell you from working with a buyer right now in the $200,000s there are A LOT of options out there for the typical buyer. However, you will ALWAYS get a better value for your home on the open market than bringing in a "we buy homes" investor who will need to flip your home, or buy it low enough to make it profitable enough to rent out. I suggest you get the home back on the market with a reputable broker and drop the price significantly. The most attractive thing about a home is the list price, every time. The more attractive your list price the more action you will see and the better off you will be in the long run. There are also things you can do in the presentation of your home to make it more attractive to buyers. I see your old listing and the photos can really be a lot better. The quality of your photos is your gateway to the internet buyer and they need to be attractive.
If you have any questions or would like to discuss further, feel free to write me or call.
"THE OCEAN'S SIX GROUP"
ReMax Real Estate LTD.
NJAR Circle of Excellence Award Winner
Thank for clarifying. I'm going to go with my gut feeling here and say the "we pay cash for houses" do not pay market value for the homes. You mention "before we lost it" - are you facing foreclosure? Are you in a short sale situation? If yes, I doubt it highly that the bank is going to approve a short sale offer from a "we pay cash for houses" buyer. If your facing foreclosure have you tried a loan mod with your bank?
If you'd like to discuss it private please feel free to call or email me.
Gina Chirico, Sales Associate
973-575-6353 ext 17 office
Best of Luck
If you decide to try again, my advice is this - price it right from the start. The greatest interest for any listed property comes early on - in fact, interest falls dramatically after the 60 day mark - even after 45 days.
Good luck to you!
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Asking agents for opinions is a good start, but here we can't see the house, consider the comparables and examine the marketing efforts of your previous agents.
I would suggest you interview several agents in your area who are successfully selling homes. Listen to what they have to say and consider their advice.
Price is always an easy target, and often is the right one, but did your agents do a top flight presentation online and in flyers? Did they follow up with agents after showings and request feedback? Did they make useful suggestions on how to present your home through landscaping & staging and if so, did you listen?
Was your home clutter free and available to be seen on short notice? Do you have pet or cooking odors which buyers may find objectionable? Do you leave during showings to allow the house to present itself and the agent & clients to speak freely?
There are a lot of mistakes made by agents & sellers that prevent a good home from selling. Find out what they might have been and do something to correct them if you go back on the market.
I have no doubt that the market will not be better next year so clearing your plate might be your best option. It certainly won't hurt to talk to a few investors.
It appears that there are alot of open ended questions to your question . . . I am sure not what you want to hear. Unfortunatley Jackson is a huge town with many properties on market. I'd ask:
(1) have u made an improvements
(2) what are the neighboring properties selling for
(3) are u current on your payments
(4) does the current market value cover the money currently owed
I agree with the posters below in that I never recommend one to buy another home before selling their primary. There are so many underteminable in your question, that frankly, I feel it is best that u take the leap and actually speak to a Realtor about your situation.
Francesca Patrizio, Broker Sales Associate, ePRO, SRES
Sorry to hear about the difficulty selling your existing home, even after a significant price reduction. Having showings mean buyers saw your home as appropriate for the price bracket in which they are shopping. No offers after showings may mean the buyer could not justify the 'value' your home represents when compared to competing homes. I am assuming some comparable homes have sold in your area.
Identify agents in your area who are experienced with owner financed sales. Don't be alarmed by the sound of this option. These multi-dimensional agents will have more options for marketing and even better options for buyers. Responding to those "I'll buy your home for cash!" ads could prove costly for you.
If there are other circumstances such as hardship on your part or issues with the home that has not been disclosed, more alternatives may be available or corrective action taken.
Best of success in selling your Jackson home.
If you would need rental income from the home you are mentioning here to qualify for a mortgage to buy a new home you will need a minimum of 25% equity in your current residence to do so.
FYI I'm doing the financing for a person buying a 4 bdrm, 2 1/2 bath colonial in Jackson that was listed at $290,000. The offer he made was $245,000. It should close tomorrow.
You weren't clear about the marketing you received, the feedback yo got from other agents etc.
Your house still may be overpriced. My office recently sold a home in Jackson in less than a week. Its all in the pricing first and foremost and the marketing second.
If you would like to discuss your situation I would be happy to help.
I agree with Christopher who answered below - not sure what you mean by "we buy houses before we lose it". If you mean should you buy a home that's for sale and think you may lose out on buying it since your home hasn't sold yet, you need to speak to a bank/mortgage lender to see if you are financially able to buy a home without selling the one you already own. If you are thinking of putting in an offer with a home sale contingency, most sellers will not accept an offer with a home sale contingency.
If you clarify your question, maybe we can help you better.