Fsbo Foreclosure
House listed with realtor for months, and no sale…FSBO help?
appraised for 500k, asking price 460, upgraded, updated, clean, staged to sell, good condition, excellent location.
Located at the end of a Cul-de-Sac. Open house every, weekend (only lookers) –they are only wasting our time. We are facing foreclosure…
What we plan to do is FSBO, and we need your help where do we start? any recommendations?
We have a web site for the house, and plan to place ads in the local newspaper, and pay a commission to the buyer’s Realtor. what else should we do?
Thanks !
-We started asking 505k, and have been lowering the price (Our Realtor suggestion)
-We are in California
-MSL Hits are good (according to realtor)
-Open house shows visitors sometimes 2, best time 15.
-Comments about condition :They love the house
-Only one private showing and no offers at all
-No, only Realtor knows we are facing foreclosure.
Yes we have a signed contract, but realtor agreed that we can get out.
Most people looking for a house in that price range or higher normally do their homework. If all is what you say, then I would wonder why it is for sale so far below value?
What is your agent telling you? If you don’t have a signed contract with your present agent, GREAT, get another one. If you do, when does it end? Hopefully you have a contract that will allow you to end the ‘relationship’ and get another agent.
The housing market is taking hits across the country, one reason is to the mortgage industry. I don’t know where you live, and if this even affects your area. I don’t know what your agent has tried either. If there are other ‘For Sales signs in your area due to the same reason, that might be your answer. Others in the same situation may have already sold theirs because they dropped their asking price below yours, look about the same, with a similar floor plan, and buyers felt they were getting more ‘bang for the buck’ with those houses.
Your agent shouldn’t be at a loss for ideas to sell your house. Has the house been getting any ‘hits’ on the Multi Listing Service (MLS)? What are the comments of the poeple that are viewing the house? If it is known that you are selling because of a pending foreclosure, then the voltures are just circling and waiting. It’s just a matter of time before the price drops, or they just deal with the bank/mortgage company.
Sorry you are having to go through this. Keep your head up and keep thinking. It’s not over until it is over. GOOD LUCK!!!
UPDATE – This is a head scratcher for me! I would say keep an eye on all of the comps in your area that are for sale. Get your agent to find out what was the selling point(s).
MyHouseBidder.com online real estate auctions
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