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Real Estate
Reply to "SFH near Takoma and Walter Reed sitting for months "
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[quote=Anonymous][quote=Anonymous]https://redf.in/aAmAmk Why do people think it’s sitting? Obviously the price isn’t right, but what would be the right price? Any insights on the street or neighborhood? [/quote] Good neighborhood and quietish (not counting pickup / drop-off at the elementary school) one-way street. But the numbers were never right for a flip -- they bought too high so didn't have the money to pop up or back, filled it with nice enough finishes, and then priced it really far from reality. It sat because of the price, and got the "what's wrong with it?" stink from sitting, plus the economy stalled and rates are high. But it all started from not having the numbers right when the flip began. To fully flip that house and get top dollar for the result they would have needed to get it for under 650k.[/quote]
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