Reply to Trying to sell since 2017?! What’s wrong?

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Reply to "Trying to sell since 2017?! What’s wrong?"

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[quote=Anonymous][quote=Anonymous]I just can’t figure out why the current owners didn’t tear down and rebuild when they bought the place. A new, proper McCraftsman, even on a busy street, would fetch at least $1.4 in this neighborhood. Instead they dumped money into putting lipstick on this pig. [/quote]
Because they bought it from the bank in 2017 for ~$890K and to do a tear down and rebuild would have cost at least $1M. And then they can't sell it for $1.9M (and that would be with no profit). The guy who bought this house in 2017 is a Middle Eastern-ish kinda guy and it shows in the way they fixed up the place and their choice in finishes.

And they put it on the market for $2.2M initially and here we are...at $1.35M, and in my opinion, it is [i]still[/i] overpriced.

See, that's the thing. You wanna be a "real estate developer"? Put emotions and your personal viewpoints aside and build the generic grey box. It'll sell. This guy renovated it based on what [i][b]he[/b][/i] likes, and here we are 4 years later and it's not selling.  [/quote]

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