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Updated over 4 years ago on . Most recent reply

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Pierce W.
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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.

Most Popular Reply

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Dawn Brenengen
  • Real Estate Broker
  • Raleigh, NC
1,863
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Dawn Brenengen
  • Real Estate Broker
  • Raleigh, NC
ModeratorReplied

What has your feedback been? If the negative feedback was that there was no yard and the shared driveway, then I would go ahead and make a grassy area if the lot make sense to do that in. There’s nothing you can do about the shared driveway, so only price can overcome that objection

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