Why can't I sell my flip!

[Hannah Stephenson]

We bought a home in one of the nicer zip codes in our city, in the top school district at what we thought was a deal. We put a significant amount of money into the house and have received excellent feedback on the renovation itself. The negative across the board is proximity to the interstate. Other than those two pieces of information, I can't figure out why the house isn't selling. Again, we have a significant amount of cash tied up in this house. We have lowered the price by $65k when we listed it 6 months ago and are about at our break even if we sold tomorrow.

At this point, I'm searching for ways to get creative in sorting through any other options. We have listed it as a rental (for a week) as well with no bites.

Any feedback/suggestions/others experiences would be greatly appreciated!

[Will Barnard]

Clearly the market has spoken and unless your marketing is poor (which appears to not be the problem) then the highway is the factor causing the problem and since you can't move the home or the freeway, then you can only lower the price. Time is your enemy and even if you take a loss here, it could be better than gambling on waiting it out. Opportunity costs must be factored in here and the quicker you get on to your next profitable deal, the better. Lower the price, perhaps put up higher sound proofing fencing to cut down the noise, and dump this.

FYI, I never buy homes on major streets, near railroad tracks, in airport flight paths, or any other major deturant to buyers. The bigger your buyers pool the better. Take this as your lesson in where to buy.