No ! Showings

[Marisa JManker]

Hi there Everyone I'm back again with a follow up with my previous post …Well It's been 24 days since my last post and We had 2 open houses no showings a price Drop from $335k to $305k and still no showings and It's been a total of 42 days on the market and with a HML I'm beginning to worry as a first time Investor any thoughts or suggestions would be greatly appreciated thank you …the property is 15533 s state 60473 South Holland

[Ricardo R.]

@Marisa JManker I'm a Realtor in Michigan so I don't have full access to your MLS but do have some access via co-op and I agree with @Jaron Walling that you are over priced, by a lot. Here are a few examples of comparable properties which offer more but are listed for less: 

1100 E 173rd PL, South Holland, IL - $250,000 | 4BD/3BA | 2,875 sq.ft. - It shows not as updated as yours BUT it offers more sq.ft., one additional full bathroom, a normal sized kitchen, a 2-car garage, and better curb appeal - for $60,000 LESS

16419 Wabash Ave, South Holland, IL - $229,000 | 3BD/2BA | 1,800 sq.ft. - Yes it's one less bedroom BUT it is comparable in terms of sq.ft., interior quality and kitchen - for $82,000 LESS

17151 Clyde Ave, South Holland, IL - $295,000 | 4BD/3BA | 2,450 sq.ft. - more sq.ft., an additional bedroom, 2-car garage, better curb appeal

This is just a super quick preliminary search online, in contrast your property is nice on the interior but has some drawbacks and some are quite frankly deal breakers for buyers. 

The drawbacks: Kitchen is 'quirky' meaning it is not conventional, stove placement is not to code, dishwasher placement is awkward and away from the sink, and kitchen just seems overall 'tight' in the photos. Ceilings in the bedrooms are slopped many, many, many buyers do not like this. Curb appeal is lacking. There is no garage. 

The deal breakers: The house looks to be located right on a main double yellow line road, this will be a deal breaker for some. The slopped ceilings will be a deal breaker for some. The kitchen, although nice, will be a deal breaker for some. The garage will be a deal breaker for some especially going into the winter.  

I think it should be more closely listed at around $240K-$260K but again I'm not from the area and this is based on a super quick search. I hope this helps. I sent you a DM on BP, hope you can assist.