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Updated 4 months ago, 09/17/2024
Selling Two Identical Buildings Separated by a Courtyard Separately
Hi there. We are trying to sell two identical buildings separated by an enclosed courtyard. It looks like a single complex but it is actually two different parcels. We listed both buildings in a single listing to sell together, but after a few months and no dice, we decided to list them separately at a lower price. We lowered the price a second time and now have an offer on one building but several agents have told us we should really try to sell them together. If each building belonged to a different owner, the only thing that they would have to collaborate on is, obviously, the courtyard (gardening, each side has it's own sprinkler system) , the intercom (about $120/month for the phone line), and the parking area (needs resurfacing). Our current agent is the only agent who has suggested that we try to sell them separately since selling them together didn't appear to work.
On the other hand, maybe prospective buyers are waiting to see how much lending rates decline in the next few months and what happens with the Costa-Hawkins proposition on CA ballots this November. What would you do?