Why is my home not selling?
Lacey
5 months ago
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rrah
5 months agoraee_gw zone 5b-6a Ohio
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Um, so why doesn't Home Depot sell cove base tile?
Comments (9)Thank you. So does this mean people just use regular wall tiles at the base now? And is the only difference that is looks a bit less finished? Or do they use something else where the wall meets the floor? No, I haven't asked yet, I've just started to look and try to figure out what will be the best place to order from. I will ask them....See MoreWhy isn't my house selling?? What to do now?
Comments (49)Just wanted to post a happy ending update. Shortly after this thread ended, and my new pic were up, we did lower the asking price for sale and rent. Within a week we had 5 more showings for purchase(no offers) but a very qualified renter applied to rent. Unlike my previous tennants who had a very good job, low credit score, BUT always paid their rent on time.. this couple has an excellent income, good credit score and excellent references. They had always owned a home, but were transferred 18 months ago, were planning on it being temporary, so rented. The home they have been renting in Michigan is now up for sale, and I looked at the pictures and they have lovely furnishings, that will fit perfect in my home. I'm very confident it will make the next time I list my home much easier. I have stipulated in our contract a longer 'right to show' clause.. previously 60 days, now 90 days. They stated they might be interested in purchasing at a later date, but are unsure about a future transfer at this point. I would have rather sold the home, but at least we have rental income again- the same amount as I had previoulsy been receiving. And we roll the dice and hope there isn't any further decline in the housing market in the next year or two.. I do always learn by my mistakes! Next time I will insist on better pictures from the start.. besides that.. my realtor really did an excellent job for me, in keeping me well informed of any and all feedback and following up with people frequently. I know those things should just be expected.. but not so much so with my last realtor.. I would definately use her again..just not have her take the pictures!.. and she was very ok with that....See MoreMusings on 'lower the price' advice
Comments (14)location and price are the two main drivers. However, certian areas with different stock of houses can have more unique circumstances. Especially true when you're at the higher end of the price spectrium for a particular area. in my town, we had a very tastefully renovated house that was done with high end materials that far exceeded the normal for new or existing construction in the area. However, the layout was a little different, it wasn't bad, just not the open floor plan that seems to be everywhere. they did come down on price from the origonal listing. However it sat for 6-9 months at its last list price and sold for list. It was a situation where the house probably deserved the price, but not every buyer loved the layout, it took finding the right buyer who appreciated the materials and space (and could pay for it) but was looking for a more traditonal layout than the limited new construction in the area. Same thing with larger older homes that need work. in your basic subdivision with your basic normal house, it comes down to location and price. more unique circumstances have some other factors involved on top of the first 2. Yes, more unique things limit the buyer pool and in theory demand. However, the supply and demand curve on real estate is not as elastic as other goods. you don't have to appeal to 75%+ of the population to sell your house, you don't have 100 of them to sell. I guess all I'm saying is that you shouldn't think that a person needs to discount the more unique house enough to get someone who has no need or want for the unique item, or thinks that its a negitive, to buy the house....See MoreI'm selling my home.. What to do with my roof?
Comments (18)@GN Builders, in my area of South Florida, if your roof is a shingle roof and over 20 years old, it is nearly impossible for the buyer to get homeowners insurance without a roof replacement. I say nearly because you can get it, but it is special lines type insurance and more than double the cost of our already very high homeowners insurance premiums. For an average 2000 sf home normal insurance is $2400/yr (could be much more) and special lines is well over $5k per year (could be much more). I used an average example. Insurance varies tremendously here. The difference in this premium knocks out a bunch of buyers if they are financing the home (hurts debt ratios). This makes the property very difficult to sell unless you sell to a cash buyer for an extreme discount. The seller will do better, normally, by replacing the 20 year old roof before putting it on the market and having it languish or risk a sale that costs the seller more than the roof cost in a reduced price. It truly varies by area. A little further up the coast here and the insurance is significantly less. Edit: The roof condition/age/type is 40% of the windstorm premium so that is one of the reasons why the insurance companies are so adamant about not insuring a shingle roof over 20 years old. Believe me, it makes it extremely difficult to sell a home with an old roof here even if it isn't leaking....See Moresummersrhythm_z6a
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