Experience On A Rehab House By The Main Road?
I posted it in the foreclosure section as well since i am not sure which section it should fit inot
The house is by the main road, what i mean main road is main road with pretty heavy local traffic with speed limit 35 miles and most people drive 40 miles.
Here is the situation, the house has been in the market for a year, and recently, MLS listing expired and now it is relisted with a lower price. I looked at the house one time only, i haven't noticed any water and structure problem, i will walk into the house again tomorrow. It does need paint, carpeting, some plumbing for clogged bathroom and other little fixes. it is 3 bed rooms 3 and half bath 1500 sq footage 50 years old 2 car garage split level house asking $125,000, acording county's website FMV is $150,000 which i think it is over assessed since it is by main road. How much would you offer for this house? And most import thing is : is it easy to sell a house by the main road?
By the way, no bank, i will pay cash to purchase the house!! pls advice!!!
What is holding this house back from selling so far? The price, the condition or the location? You need to find out and then decide. If it is nothing but the location then you have your answer.
What are the houses around it doing? Are they sale proof or have people been buying and selling them right along for years?