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If you really believe the HOA fees provide nothing and are keeping you from selling the home, raise the price to $812K and advertise it as "No HOA fees for the first two years."
415k 2 bedroom 2 1/2 bath 2 car attached garage with a backyard area. My condo is kindve rare because it has a yard and 2 car attached garage so close to downtown. The only comps I can find are 2 bed 2 baths no yard or garage and they go for 390 to 500k in our area
Condo comps are different than sfh comps and are not directly interchangeable (ie; sf cost, amenities, etc). Condo comps are generally dictated by the actual sales prices of similar units in the same condo (complex). You can generally find this by checking your online county tax appraisers office for sales in your specific condo.
Your reference to a "2-car 'attached' garage" and a "(private) backyard area" make this sound more like a townhome than a condo(?). In either case, you should still be able to pull actual sales prices from your county tax appraisers office.
No panick just wanted to get a little feedback and see if anyone else was having the same issue or had similar experiences in the past. I had three showings since the post so hopefully it picks up and I hear something soon.
Our complex is old and looks dingy so potential buyers have said the exterior and HOA fees are the negatives so far.
With an older exterior and high HOA fees, I suspect you will have to lower the asking price. Price sells everything. I suspect you do not have it listed at the right price. Talk to your realtor about this.
With an older exterior and high HOA fees, I suspect you will have to lower the asking price. Price sells everything. I suspect you do not have it listed at the right price. Talk to your realtor about this.
Recent closed sales will have taken all that into account. If the asking price is fairly close to those recently closed sales, the seller will not have to worry about the fees or the exterior deficiencies.
Yes I sold at the end of April 10k under asking and life is great. Now I'm deciding on the best way to invest max 35k. Thought about becoming a private lender for a fix and flip or taking out a loan for a 4 unit in the Midwest. I just offered on a 4 unit 100% occupied but in a lower middle class area and owner says his issues with the 4 unit is finding a good property management company in Cleveland that's honest. My offer was 15k down owner financing, 8%, 4 year term with an asking of $37000. Income is 400 per unit. He also had one in Michigan that hes selling for 29k bringing in $1330 month at 75% occupied in a more troubled area.
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