The best option to get it sold quickly is to get it staged as if someone were living there. It is usually dificult to show a home while it is bng rented because the renters don't typically cooperate. Since they are already not paying you, it sounds like it could be a good time to cut your losses. Here is a link (http://www.madisonrealestateconnection.com/?p=628) to an article I wrote about selling a vacant home. Give me a call or email me and we can further discuss in detail the options.... more
What is Fair Market Value? It is whatever a willing and capable buyer and seller can agree on. In today's market that is even more true . Fair market value pricing today depends mostly on the motivation of the seller and how his/ her price relates to every other similar property recently sold in that neighborhood.
Think as if you were the buyer. When would a house interest you for purchase assuming other similar homes are available in the immediate vicinity? It comes down to price for the buyer assuming everything else is comparable.
Insofar as discount: If you work with a knowledgeable Realtor ask them what the customary list/sold ratio is where your house il located. But again, if it's a great price to begin with drawing the interest of agents and buyers, you may get more than one offer and possibly more than full price.... more