- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Renting out house with mortgage
Posted on 1/17/19 at 8:42 am to KG6
Posted on 1/17/19 at 8:42 am to KG6
quote:
weeks on market, 1 showing after dropping price by 10k. Which was really surprising. We thought wed have trouble with pricing, but we thought wed get views. Newer house and everyone involved felt it showed wel
This makes no sense and your realtor is an idiot, fire them.
Price it right. No one enjoys bargaining and no one has the time to look at over priced inventory and houses that are out of their price range.
I’ll also give you a tip, people that over price to start out their listing are usually PITA to deal with and are not interested in bargaining. That’s as a percentage.
If I’m looking to spend $425 on a house I’m looking at houses in the $430 and below range. Not $450 hoping to get a great deal on a brand new listing, that doesn’t happen.
Plus it’s a slow time for real estate, the spring and early summer are best times to sell.
So you listed at the slowest time of the year and you over priced. It’s not very surprising you didn’t get viewings.
This post was edited on 1/17/19 at 8:43 am
1
Posted on 1/17/19 at 9:05 am to baldona
I admit the house was overpriced, but you have it pretty much all wrong.
The house was listed in the summer. We took it off in August when we realized the market slowed after school let in.
The house was listed at the price we purchased. Separate real estate agents found comps at our price or higher. We obviously realize it was overpriced now. We didn't want to go below a certain point since we don't "need" to sell. That's where we are now. Do I want to do this again in a year, or just rent the thing?
After 2 weeks, we dropped from 305 to 295 (never said our house was 450, the range of our hood is 300-450). 290 was our floor. 2 more weeks and we only had one view. When the realtor said lets go 289, we said we'd rather wait a year and see what the market does. No reason to let it gather days on market. There's no doubt being on the market for 60 days makes the house look bad.
If we decide not to rent and sell, we may be willing to take the bigger financial hit next year. Just didn't need to now. And we saw no reason to hang out for the unlikely chance we'd sell at a price we were willing to.
The house was listed in the summer. We took it off in August when we realized the market slowed after school let in.
The house was listed at the price we purchased. Separate real estate agents found comps at our price or higher. We obviously realize it was overpriced now. We didn't want to go below a certain point since we don't "need" to sell. That's where we are now. Do I want to do this again in a year, or just rent the thing?
After 2 weeks, we dropped from 305 to 295 (never said our house was 450, the range of our hood is 300-450). 290 was our floor. 2 more weeks and we only had one view. When the realtor said lets go 289, we said we'd rather wait a year and see what the market does. No reason to let it gather days on market. There's no doubt being on the market for 60 days makes the house look bad.
If we decide not to rent and sell, we may be willing to take the bigger financial hit next year. Just didn't need to now. And we saw no reason to hang out for the unlikely chance we'd sell at a price we were willing to.
This post was edited on 1/17/19 at 9:08 am
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News