My house isnt selling and I am an idiot

[Anonymous]

Anonymous wrote:For future reference. The first offer(s) tend to be the best offer(s).

A bird in hand is worth two in the bush but it's hard when you think there's money left on the table.

[Anonymous]

Frankly, your house could have could have sold fast, you just turned down the offer.

You need to consider any feedback you've gotten from showings or open houses and make those changes. Sometimes they can do realtor open houses and realtors will give you additional feedback.

You also need to drop the price, probably to 449k. That price point will get you a new pool of buyers. If it doesn't sell at that price after 2 weeks you need to drop it again, probably to $425k. If you can't stomach that then renting is your option.

Don't let it continue to sit. That will only further decrease its value.

[Anonymous]

Your house is super stale now. It won’t sell so the out a big reduction, and even then people will assume something is wrong with it.

Rent it out for a couple of years, then put some money into updating it and repairing what your renters destroy.

[Anonymous]

Op here. The main feedback we are getting is because of the solar panels. They are leased. (I know, I know, bad decision).

Other feedback was that the kitchen is too small and we don’t have any landscaping done.

[Anonymous]

Ouch on the solar panels. Those are tough and a rookie mistake. Not insurmountable but you definitely have to price accordingly. While you bought at one price and renovated bathrooms the solar panels really zero out a lot of any investment you made in the house.

Kitchen and landscaping are fixable.

It comes down to price. Are you ready to just be done? We had a move across country in 2009. Terrible time to sell a house. We had to take out a loan to cover the difference between offer and what buyer could get the loan for. For us that was the best way out and now we are fine. We decided we would rather deal with the set loan price than cost of being landlord and upkeep on a house we were never going to live in again. It was painful but a great lesson.

[Anonymous]

Anonymous wrote:Op here. The main feedback we are getting is because of the solar panels. They are leased. (I know, I know, bad decision).

Other feedback was that the kitchen is too small and we don’t have any landscaping done.

Payoff the lease, get landscaping done. Cheaper than a kitchen.

Leased solar panels scare buyers because if you could not afford them they are wondering what else did you go cheap on.

[Anonymous]

Anonymous wrote:Op here. I am in the suburban Denver area. I really really don’t want to rent this out. So I am going to have to come to terms with dropping the price further. My parents advised me not to buy that new house, and especially not to renovate it immediately after closing but I wanted it all nice before we moved in. I was so sure of myself - that the house would sell as fast as my friend’s did. I am kicking myself at this rash decision I made and putting myself in this stressful situation.

My parents just say “that’s life.”

My realtor is a family friend and we’ve butted heads over this but I probably should’ve just listened to him. He told me straight up that the real estate market can turn quickly - even within like 2-4 weeks. Ughhhhhhhhh

You sound like a brat who is hinting that she wants her parents to swoop in and save you. And what's the deal with being in a young marriage where you were a homeowner in your 20s. Does your husband contribute? Did you sign a prenup? Is the new house in both your names? Does your husband work? I smell trouble.

[Anonymous]

You have owned a $350k house for 4 measly years and you expected a $100k gain? In the midst of a questionable economy? You had an offer almost immediately and you felt entitled and turned it down. You wanted your 4 years spent living at that house to be free for you? Yep, learn your lesson. And what kind of marriage do you have where your husband doesn't have a worry about this? If you default you mortgage for the first house it will impact him, right?

[Anonymous]

Anonymous wrote:Op here. The main feedback we are getting is because of the solar panels. They are leased. (I know, I know, bad decision).

Other feedback was that the kitchen is too small and we don’t have any landscaping done.

Can you get them removed or pay it off?

Plant a few bushes and flowers.

[Anonymous]

Rent it out. This happened to us in dc and we’re renting out our first house at a handsome profit.

[Anonymous]

Anonymous wrote:Op here. The main feedback we are getting is because of the solar panels. They are leased. (I know, I know, bad decision).

Other feedback was that the kitchen is too small and we don’t have any landscaping done.

You just keep making bad financial decisions, don't you.