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Updated about 2 months ago, 10/05/2024
Need advice in a tough market-no buyers
Hello! I have a client who is selling her executive townhouse for $349900. She has dropped the price over $25K over 90 days and still no offers. There are 5 other units in the same complex for sale-ours is the lowest price. Do you think it would be better for her to hang on to it until spring and try to sell again for the higher price? OR do you think she should drop the price again and try to get someone in there? My other option is to find a renter for 6 months to help cover the payments over the winter. Last thought is to try to sell it to an investor since the HOA allows rentals and do a direct sale off market? Are there any private money or creative financing that you could share with me that might help out situation? Thank you all!
- Julie Peak