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Updated over 4 years ago,

User Stats

18
Posts
4
Votes
Pierce W.
4
Votes |
18
Posts

how to sell a rehabbed home with a shared driveway?

Pierce W.
Posted

We finished rehabbing this 4 bed/2 bath house in Oak Park, IL and expected to get it under contract within a month or two. Comparables in the area sold for between $400-500k, and since mine didn't come with a garage I thought I could probably sell it at the very least in the $420s (considering the detailed rehab). Redfin even listed it as a "hot home" the first week of listing it.

Almost 9 months later, the property is listed at $370k and no solid offers (despite many showings). I've come to realize the shared driveway and a lack of a grassy backlawn may be a bit of a turn-off for a family house.

Any suggestions on what tweaks or marketing pitches can be done to get this thing sold? Does it make sense to add a small lawn to the back (really no space for a garage)? Any creative upgrades? It's in a nice historic part of town, couple blocks from police station, multiethnic, etc., but buyers are just not pulling the trigger.

At this point I am probably just breaking even or perhaps going a bit under.

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