Trulia Voices Real Estate Q&A in 85208

Eileen
Eileen
Home Seller
Mesa, AZ

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Phil And Terry…
Phil And Terry…
Real Estate Pro
Sedona
Thu Jul 17 2008, 15:20

Since you are not an agent you may want to offer a fee such as $1000 and send a letter to everyone in the community asking if they know someone that might be interested and should they buy you will pay the $1000. The people who live there are the best resources....good luck!

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Ed
Ed
Buyer & Seller
New York
Thu Jul 17 2008, 09:00

Sorry a bit off topic, but I know of at least one home in Trilogy at Vistancia (another 55 community) that lost a sale because of the age restriction. I was ready to aggressively bid on a home there until I was told that I was too young to purchase in that community. Whatever the rationale is for restricting the age of residents in these communities should be seriously reconsidered, particularly in the current Phoenix housing market.

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Gene
Gene
Buyer & Seller
Bullhead City
Fri Jul 11 2008, 17:12

First question: How do you know it's underpriced? Second question: How are you trying to sell the house? When my mother in law passed on several years ago in Phoenix, I was tasked with selling her manufactured home located in a 55+ community on leased land. I tried using an agent for 6 months and like you, experienced no inquiries. I then asked new buyers and found how they located the home they eventually bought. It seems serious buyers who are senior citizens know which communities they want to live in. Their friends and acquaintances already live there or perhaps they have family members already living there. They are comfortable with the amenities, community hall, classes, etc. All the houses are basically the same. If they are interested in buying a house here, the first place they checked was on the bulletin boards located in the community hall or the laundry room if they have one. When I went to the board I saw a dozen cards with the site #, furnishings, and price. I also saw one lady who was interested in buying write down the site #s and went from the community center to the available homes -- there were no agents involved, no appointments, no delays. I heard she later bought one of the units. I placed my late mother in law's unit on the board and it was sold within 3 weeks. By the way, I saw that I was in the right price range...I just wasn't marketing to the potential buyers correctly. Seniors aren't tremendously computer savvy; nor do they read classified ads (I know I don't because at age 65, my eyesight isn't what it used to be). So when/if you use the card system, print in LARGE letters. Good Luck

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Karen Simms
Karen Simms
Real Estate Pro
Gilbert, Chandler, M...
Fri Jul 11 2008, 15:45

Eileen,

There are several issues which could be a factor to why the home is not selling. While price, location, condition and advertising are important, manufactured homes have other issues which could effect a sale. If it's an older manufactured home it may be difficult for a buyer to obtain financing. Is the home "affixed" to the property and how much is the monthly "pad" rental fee? If you are selling this home on your own, how accessible is the property for showing? Is the home being maintained on the outside for good curb appeal? A home sold through a professional usually sells for more money in less time.

Good luck!

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Carlos
Carlos
Real Estate Pro
Phoenix
Fri Jul 11 2008, 11:13

Eileen,

There are several factors that influence how fast a property sells (like presentation and condition), but the two most important factors are exposure (marketing) and price.

Make sure that it is priced correctly. It is not common to have a propery "very underpriced" and not selling. Be aware that a property that does not have the proper exposure, through a professional, usually sells for about 12% less.

Again, look into its presentation, exposure and price.

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Jody Skapyak
Jody Skapyak
Real Estate Pro
Sarasota
Fri Jul 11 2008, 06:26
FIRST ANSWER

Have you thought about renting it until the market conditions change?

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