Anyone else selling a house?
 

House has been on the market since Oct. 07 and only 1 offer......... reduced it 10k twice and still nothing.

Is your reduced price in-line with other houses that are selling?

It all depends on the market. I am selling a flip with 2 partners and we are getting a lot of action including a very solid contingent offer in place.

We set our sell price dead on with comps in the area etc.

Good luck with your sale.

I have two I have been trying to sell since jan 580k and 346k

reduced ...... listed everywhere in the world

1 offer on the 346k for 250k

Pretty close, there hasn't been many houses on the street for sale lately. Oddly enough the only 3 on the entire street are mine, the one next door, and the one across the street.

Terrible time to sell now, not sure if it's an option for you guys, but I would hold them and rent them out instead of letting them go cheap...

good luck there hoping to see your right house hahahahah

Well I wish you luck.

I just FINALLY was able to buy a new house. And if you've only went down 20k from your original price I think you're gonna find that at the moment you're not even close yet.

I went through 3 houses in Vegas that I was prepared to close on. The first two, the deals were set...then the bank appraised them: Both came in at over 200K less than what the owner COULD sell them for (upside down mortgage)

Deal was off.

I finally got sick of it and I'm closing on Sept. 22nd (flying straight from the Atlanta Forum to Vegas) on a great house. But the bank appraisal came in 100K less than what the owners wanted. I'm paying the overage out of pocket. That's how bad the housing market is.

On a side note...my current home is sold and I'm closing that deal with the buyer on Sept. 30th. I sold it for 80K less than I wanted. I had it on the market for 5 1/2 months.

Good luck bro. The market is a bloodbath right now.

You're going to get nothing but lowball offers if any in this market

Remember what you lose on your house, you gain on your buy. Try renting out your current house till the market changes then sell it.