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Updated 2 months ago on . Most recent reply

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Lauren Brown
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Need advice on selling my property

Lauren Brown
Posted

I am having a hard time selling my property in Akron. It needs some work. I have had it for almost 2 years. I need some guidance. I had 3 interested buyer. One was under contract and flaked out after a few months of excuses. 

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Tim Delaney
  • Buffalo, NY
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Tim Delaney
  • Buffalo, NY
Replied

The simple answer is you may be asking too much for it. Does it need enough work that it will not pass a conventional mortgage appraisal, thereby limiting yourself to cash buyers? If that is the case then you may just need to be realistic about what it is worth - cash buyers are usually investors and there has to be enough upside for them to make money.

Have you talked to your realtor about the feedback received from people that have seen the house? Are there certain things that you may be able to improve quickly and cheaply to assuage fears of some buyers? What about the people that fell out of contract? Did they discover something that was going to potentially cost more than they thought?

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