All Forum Posts by: Joseph R.

Haven't had many showings - I think the biggest issue in the neighborhood - once they step foot in the house they fall in love its just getting them to the front door. It also doesn't help we're doing a lot of construction next door finishing the underground utilities so the lot isn't in the greatest shape. Hopefully with the lot coming together combined with the peak buying season we can move this soon enough.

Do you think a local realtor would bring enough value to be worth the 3%? That's sort of what we're debating currently - personally I don't think a realtor is going to get much done and it would be a shame to have the realtor sell the property in the same time frame it would of taken us. I think we need to evaluate the holding costs/opportunity costs and make a decision from there.

Quick question for you guys - do you think newspaper advertising is dead? I think we're appealing to a lot of first time home buyers/young couples and I don't think anyone under the age of 40 regularly reads the newspaper. Personally I feel its a waste of money to advertise in the local paper(and it isn't cheap) but curious to hear what you guys think.

This is definitely the biggest issue with our property. My partner in the deal is a broker so its listed through him on the MLS but we're debating finding a local realtor that knows the area and can move this house quick.

Hey guys - let me explain a little better...We bought this property 2 years ago - there was an existing two family that we renovated and then subdivided the rest of the land into 5 lots....the two family sold for 259k, and one of the spec houses we built(exactly same as the one in question) sold before it was finished for 269......there's also a 20 unit subdivision that was built in 2010 around the corner that sold for between 230-260 a unit......Pricewise I think we're fine but more importantly I want to make sure we're marketing this properly and effectively.

Hey guys - I'm having trouble selling a spec house I recently built and was wondering the best way to market it. It's located in a middle-low income area with the average home price(used) being around 170-180k. We have ours listed for 269 so we're really at the top of the market which isn't ideal but it is comped accordingly. There's little to no new construction in the area so we're really appealing to a small audience that is willing to sacrifice location for a nicer house. Assuming the price is fair what is the best way to market this? Personally I feel newspaper advertising is a waste of money - I don't think too many people read the newspaper anymore and the ones that do are older and probably not who we are marketing to. Is internet marketing the only way to go? We have it listed on the MLS, have put up open house announcements on Zillow/Trulia/etc - I'm just wondering if we're missing something here.....We're also debating hiring a local relator but I'm not sure how much they could bring to the table...What do you guys think?

Hey guys - I've been checking out a number of foreclosures in my area and had a question regarding tax foreclosures....say the city is foreclosing on a property for backed taxes - say on this property there's also a mortgage - if you win the auction do you still owe the mortgage or are you free and clear of any other liens against the property? Can anyone foreclose on a property or does it have to be the 1st debtor? thanks for the help guys.