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Updated over 9 years ago on . Most recent reply
Milwaukee Northside Property- needs momentum
I have a Milwaukee Northside property that I was hoping to wholesale but the seller wants market price. I would still like to help him sell it as it is a family member. I've posted it online, contacted realtors for buyers, and local investment groups but no offers after about 2.5 weeks. Anything else I can do to get it sold??
By the way, the owner would prefer not to have a 'for sale' sign out front to keep intruders away...
Thoughts?
Most Popular Reply
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- Investor and Real Estate Agent
- Milwaukee - Mequon, WI
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I have to agree with @Darren Budahn - it seems to be the problem with most FSBO that the seller does not want to face (market) reality. They feel insulted by a Realtor who suggests a fair market price and think that they are being taken for a ride and have to pay comission on top of it. The they decide to sell it on their own. I can imagine that your seller has spent quite a bit of money on updates and feels like he should get his money back when selling. Thats quite understandable but the reality is that even with a nice home you have to be within 5% of comps. And like @Dawn Anastasi pointed out the fact that it's a tiny house does not help either. The best you can do for him is probably to print a few good comps both sold and for sale (1270 sft for 50k, 1548 sft for 41k etc) ) and go walk them and hope that he starts to understand.
- Marcus Auerbach
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- 262 671 6868
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