Home Selling in 75208>Question Details

OC FAST, Home Buyer in Dallas, TX

My house has been in the market for over 30 days. It's a great investment opportunity with $100K equity. Why hasn't it sold yet?

Asked by OC FAST, Dallas, TX Mon Oct 14, 2013

It's ARV is $320K, it needs approximately $20K-$30K to catch that value. We are asking $200K. Its AS IS appraisal is well over $220K. The rehab it needs is $5K in foundation (max, 3 bids $2K-$5K), painting inside, flooring in 3 beds (carpet), ceiling retexture and paint, landscaping, garage door. All the rest has been done (roofing, plumbing, electricity, granite tops, etc). We were originally asking $220K and have gone down to $200K, and don't have much more wiggle room.
My realtor has listed it, but hasn't done much more than that, since we thought it would sell just based on the price alone. What else can we do?

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11
Marketing and selling a home is a function of Price, Condition and Location. Your ARV may or may not be a true value. Your Realtor's market analysis and opinion will be more accurate. And for most investors looking for a remodel job, they are looking for something at a deep discount. Since you are represented by a listing agent, I can not offer you any other advice. However if you want to email me the listing: franceanna@campagnarealtors.com, I will see if it is a good fit for any of my investor clients.
1 vote Thank Flag Link Mon Oct 14, 2013
Good luck on the sale of your home; since you are represented, I will not solicit you like AAT Realty is trying to do!
0 votes Thank Flag Link Sun Dec 22, 2013
PRICE, LOCATION and CONDITION is what sells houses. Bad mouthing your Realtor only shows that you probably are NOT communicating with your Realtor which you should be. TALK WITH YOUR REALTOR AND NOT US. If you can't talk with your Realtor ask to talk with their Broker.
0 votes Thank Flag Link Tue Oct 15, 2013
Like others have said fix the foundation.

You may also want to ask your realtor what other marketing she has done on your behalf.

Susie Kay, Realtor®
GRI, CHMS, SFR
Residential/Commercial/Investment
English-Indonesian-Hokkien
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United Real Estate
III Lincoln Centre, 5430 LBJ Freeway #280
Dallas, TX 78240
469-371-2899
susie_k@att.net
http://www.dfwdreamhomes.net

Servicing your real estate need is my priority!
0 votes Thank Flag Link Mon Oct 14, 2013
Sorry ... close in 7 days with a clear title
0 votes Thank Flag Link Mon Oct 14, 2013
Send me the mls id or the address. I have a cash buyer rhat can close in the days if titoe is ckear. Robert@roberthayley.com
0 votes Thank Flag Link Mon Oct 14, 2013
Hi there

If you email me your address at dixondfw@gmail.com I might have a cash buyer that might be interested

Dixon
Realtor
http://www.findyourtexashome.com
0 votes Thank Flag Link Mon Oct 14, 2013
Yes I would say fixing the foundation would be the best thing to do. This will make lenders more willing to loan money on the property. Marketing is key but not sure how the property is being marketed. I would definitely say you should talk to your Realtor , they are the one you have chosen to represent you.
Web Reference: http://ToddHomesForSale.com
0 votes Thank Flag Link Mon Oct 14, 2013
Foundation! Send me the listing I will pass along to my investors!
0 votes Thank Flag Link Mon Oct 14, 2013
fix the foundation.....

other things are acceptable to lenders and the buyer might be able to get a rehab loan.
0 votes Thank Flag Link Mon Oct 14, 2013
FYI - foundation issues most lenders won't approve a loan UNLESS foundation is repaired. It could most likely require an investor pay cash for the property.

Lynn911 Dallas Realtor & Consultant
Multimillion Dollar Sales Producer
972-699-9111
http://www.lynn911.com 100's of Dallas homes listed for sale or lease

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(If my answer is helpful indicate by THUMBS UP or BEST ANSWER. Thank you )
0 votes Thank Flag Link Mon Oct 14, 2013
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