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re: Longest you’ve had a house sit on the market?

Posted on 8/27/24 at 9:36 am to
Posted by cypresstiger
The South
Member since Aug 2008
13373 posts
Posted on 8/27/24 at 9:36 am to
Opposite story, while my FIL was hammering his For Sale By Owner sign in his yard, a guy drove up, looked the house over and bought it.

Posted by sidewalkside
rent free in yo head
Member since Sep 2021
4273 posts
Posted on 8/27/24 at 10:00 am to
quote:

Had a house in 2008 that pretty much bankrupted me,

quote:

Ended up breaking even,

Soooo which one was it?
Posted by Magnus
San Diego
Member since Sep 2019
1931 posts
Posted on 8/27/24 at 10:03 am to
builder built a house, ran out of money, still on the market after a year, has to be losing his arse i guess
Posted by sidewalkside
rent free in yo head
Member since Sep 2021
4273 posts
Posted on 8/27/24 at 10:09 am to
I don't understand why you people in the market don't take advantage of homes sitting on the market for a long time and get creative with an offer.

Lower offer...
Closing cost concessions...
Interest rate buy down...
Quicker close...

Posted by Green Chili Tiger
Lurking the Tin Foil Hat Board
Member since Jul 2009
50440 posts
Posted on 8/27/24 at 10:13 am to
47 days. That was in 2008.

Staging a home properly makes a huuuuuuuggggge difference in how long it takes to sell. Every other home I've sold has gone under contract in less than 10 days.
Posted by LakeCharlesPirate
Member since Sep 2022
87 posts
Posted on 8/27/24 at 10:37 am to
Sub 250K, was my first home/starter home I bought when I was 22. It's a nice home with very minimal items to fix (less than $1000 of items). I'm just not living in that area anymore and honestly don't have time to work on it between everything else I have going on. Lol, even throwing in a 2 year old stainless dual door fridge/pull out freezer combo, washer dryer, and sectional.

Thought I made a pretty good deal for whoever buys it. At this point I just want to break even and get rid of it.
Posted by texn
Pronouns: Y'All/Y'All's
Member since Nov 2019
4054 posts
Posted on 8/27/24 at 10:56 am to
I bought my current home in 2011. It had sat vacant and for sale for 4 years before I bought it. Its an older home but will always have maintenance issues (nothing major). Eventually bought it for 1/2 of what it was originally listed for.

I love my home, glad I bought it, but will probably not ever sell it because I'm sure I'll have the same issues selling as previous owner...such a unique older home it isn't the "perfect" home people seem to want to buy, let not a dump that a flipper would want to buy
Posted by sidewalkside
rent free in yo head
Member since Sep 2021
4273 posts
Posted on 8/27/24 at 11:09 am to
quote:

such a unique older home it isn't the "perfect" home people seem to want to buy,


sounds trashy
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
36289 posts
Posted on 8/27/24 at 1:08 pm to
quote:

Opposite story, while my FIL was hammering his For Sale By Owner sign in his yard, a guy drove up, looked the house over and bought it.

My FIL had a neighbor look over the fence one day in his backyard and ask if he was interested in selling his house because he had a buddy that was moving to Louisiana from Texas. It was a pure coincidence that my FIL had just got a job about 1.5-2 hours away, so they ended up selling their house before they ever so much as put a sign in their yard.
Posted by notsince98
KC, MO
Member since Oct 2012
21294 posts
Posted on 8/27/24 at 1:09 pm to
6 hours.
Posted by lsu for the win
Member since Jun 2022
1589 posts
Posted on 8/27/24 at 1:18 pm to
You should go buy it. Pay cash. It’s just pocket change for you, right? Only store your shoe collection in that house.

Douche.
Posted by TheHardyBadger
Panhandle
Member since Feb 2012
298 posts
Posted on 8/27/24 at 1:27 pm to
6 years
2009-2015, we rented while it was for sale. Horrible experience do not recommend
Posted by LemmyLives
Texas
Member since Mar 2019
13200 posts
Posted on 8/27/24 at 1:33 pm to
Two years. Multiple realtors, taking breaks from thanksgiving to new years. Probably averaged 2.5 showings a month. High six figures. Gave up in 2018.

Put it back on the market in 22, and it took about five months with two showings a month. The Asian influx meant the number one show stopper was fung sheui bullshite.
Posted by AUCE05
Member since Dec 2009
44860 posts
Posted on 8/27/24 at 1:35 pm to
2-3 weeks, but I won't buy a house in a shitty location.
Posted by concrete_tiger
Member since May 2020
7477 posts
Posted on 8/28/24 at 9:45 am to
quote:

quote:
Had a house in 2008 that pretty much bankrupted me,

quote:
Ended up breaking even,

Soooo which one was it?


Reading is hard, sorry.
We broke even on the house, I had to pay commission with check.
We lost all our principle. The house sold for $100k less than we paid.
Living for 2 years ate thru our savings.


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