Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime

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.
Marketing Your Property
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 over 1 year ago on . Most recent reply

User Stats

55
Posts
14
Votes
Tony Zhang
14
Votes |
55
Posts

what to do if the house doesn't sell?

Tony Zhang
Posted

Hello BP, 


I have a duplex for sale in St. Louis, MO which both units are vacant and can rent around a total of $2000/month, but it's ready to move in or rent. While there are no big problems with the hardware in the house there are a few needs to be done with cosmetically it, since we're the out-of-state investor and I can't manage any rehab work remotely without a local trust property manager and contractor it's hard for me to renovate it. It has been listed on the market more than 75 days and I have reduced asking price multiple time from $179k to $145k. But, I'm still having problem to sell it, is there anything that I can do to sell it? I have already lost money on this deal, and it hurts, but I really want to sell it asap to limit my loss, any of your suggestion is appreciated.

Thank you!

Most Popular Reply

User Stats

14,516
Posts
11,200
Votes
Theresa Harris
#3 Managing Your Property Contributor
11,200
Votes |
14,516
Posts
Theresa Harris
#3 Managing Your Property Contributor
Replied

How long are comparable units on the market for and what are they priced at?  Fly in for a few days and fix any problems. Pull it off the market and re-list it.  Also ask your realtor what they are doing to get it sold and see if they have a handyperson who can do the repairs-in a timely fashion.

  • Theresa Harris
  • Loading replies...