Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 14 years ago,

User Stats

171
Posts
27
Votes
Mary R.
  • Investor
  • Tucson, AZ
27
Votes |
171
Posts

Bad news? Need some hope, ideas

Mary R.
  • Investor
  • Tucson, AZ
Posted

Sales here don't appear great. I'm hoping to get some hopeful, positive feedback and suggestions from you folks who do this repeatedly:
My house is move-in ready, no repairs need made.
Is my competition with others that are similar, with the fixer-uppers, or both?
What should I price this house at, and how do I market it?
I plan to sell FSBO, and would list it at the low end of the appropriate range to sell quickly.
The $145 house with the mountain view is across the street, the $91,800 HUD fixer is around the corner...

This is the local competition (in the same subdivision hoa) . All 3 bed/2 bath, similar size, all Jan 7, 2011. several foreclosures have had prices reduced, and there are a few houses that were taken off market because they didn't sell after months, some up to a year.

$91,800 foreclosure
Days on realtor.com 52 days zillow 46 days

$89,900 Price Reduced FIX-UP!
Days on realtor.com 74 days Zillow 74

$118,000 Price Reduced ready to move in. plantation shutters & laminate wood flooring in bedrooms. Potential short sale - subject to lender's approval.
January 7, Days on Realtor.com 90 days

$90,000 Price Reduced fix up. starter home or investment Cooling system needs replacing. Sold as is no repairs
Days on realtor.com 262 days (8.73 months)

and these two:
$145,000
Lovely 3/2 home freshly painted magnificent unobstructed mountain views. premium lot
realtor.com 67 days Zillow 66 days

$124,000 Price reduced
Range price $124,000-129,000. Bright, beautiful CLEAN! NOT short sale or REO, this immaculate home is ready to go! New wood laminate flooring w/transferrable warranty, new water heater; newer wood blinds and custom interior paint; fascia just painted, & new solar screens just installed

2 "recently" solds
06/04/2010 Sold: $128,856
04/19/2010 Sold: $120,000

Thanks for reaading this. Any thoughts or suggestions?

Loading replies...