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    Desperate, house won’t sell after 8 months

    We put our house on the market last summer and it’s been a nightmare.

    4bed/3bath, good area, nothing blatantly wrong with it. priced it normal, dropped it twice, had like 10 showings and basically no real offers.

    We have to move for my job but now we are looking at two mortgages soon. I'm pissed and my wife is losing her mind. This whole thing sucks.

    Anyone got a stubborn house to sell without killing the price further? What was effective? New agent? Rent? Take a loss?

    Only real talk. Thanks.

    Desperate, house won’t sell after 8 months
    byu/Classic-Reserve-3595 inRealEstate



    Posted by Classic-Reserve-3595

    27 Comments

    1. 10sor on

      Real talk, drop the price

      It’s always the price

      it’s been on the market for almost a year, and you’ve only dropped the price twice. You were overpriced and you’re still overpriced.

    2. nickjnyc on

      Kill the price further, rent, or take a loss are your only real options.

    5. Puzzleheaded_Ebb1207 on

      Take a long hard look at that price because you aren’t seeing it, ever, from a buyer lmao. Might as well take a mental picture since it’s so dear to you

    8. Odd_Dragonfruit_2662 on

      The market is telling you (and has been for 8 months) that it’s priced too high.

    10. Any-Tennis4658 on

      Yeah so, price my dude. Price.

      Let me guess. You listed at 420, now it’s at maybe 390 or 380?

      Gonna have to go to 330.

      People bout to learn what real estate means. It’s like, goldfish memory.

    11. ShamanBirdBird on

      I ended up having to rent mine, because I don’t think I could sell it even at a loss in this market.

      My home was stunning, 5bd 3 ba with off street parking, garage, awesome neighborhood, great schools, big yard, etc. But it was also built in 1790-some, has some unique oddities that comes with old homes, is in a historic district (few restrictions, but some), and definitely had lead paint at some time (could not sign that it was lead free even though it was remediated). In this market, I am upside down and would lose money.

      I found a renter that signed a 2 year lease. They pay $300 over my mortgage, so this is still going to cost me, but not like the cost of selling at a loss. Hopefully I am blessed with good renters until the market stabilizes.

    12. derande_yo on

      If it’s bothering the wife so much, swallow your pride and drop the price. Not worth an upset wife ever.

    13. West_Department7368 on

      We had this situation and carried two mortgages for 6 months. We finally got an offer and it appraised low (it was also a VA loan so…), we just decided to take the L so we could get rid of it. We didn’t make any money off the house but got rid of the mortgage. I’d drop the price if I were you.

    14. whiskey_piker on

      Did you try closing the deal by offering sandwiches? That’s about as effective as not lowering your price to what the market wants to pay.

    16. realestatePE on

      Everyone’s going to say price, and yeah that matters. But 10 showings in 8 months is really low. At that point I’d start looking at what’s happening before buyers even walk in, photos, listing, timing, even how it’s being marketed. If people aren’t showing up, they’re not even getting to the point of deciding on price.

    17. rizzo1717 on

      A house is only worth what somebody is willing to pay for it.

      Nobody is willing to pay your price.

      No amount of switching agents or updating photos will change this. Take the loss and move on.

    18. rutilated04 on

      Unfortunately, sounds like you’re going to have to price it lower than you want, even below market if you need to sell it fast. I got a great deal on my house because the sellers needed to sell fast. I could never have afforded it at market price. I was blessed, maybe you can bless someone else with a good deal.

      Hopefully you will still have decent equity. You have to figure what’s worse – losing money on the list price or losing money paying an additional mortgage every month.

      Also look up the St Joseph statue and story for selling your house. I did it and my house had an offer the next day. I know it might seem stupid to some, but I know other people who swear by it. Can’t hurt at this point!

    21. String-Theory-2112 on

      OP, if you are in a good school district or good neighborhood close to major employers then you could find a renter, hopefully the rent offsets your mortgage plus or minus 10%

    23. Antique_Bookkeeper_8 on

      I ended up renting mine to a lovely tenant who is *just* covering my mortgage and expenses. My options were to wait longer and/or reduce the price further, or rent out and hope for a better market in a couple years. I plan to reassess when they move out or in 3 years, whichever comes first.

    25. Rough_Car4490 on

      Serious question. If you could get rid of your $400k (don’t know the price) LIABILITY for say $10k…$20k (assuming you have the cash) and be done with it so you can sleep at night…would you? I think that’s the best way to look at it. Don’t look at it like taking a loss. You’re basically just paying a fee to get rid of this massive liability over your head.

    27. Abject_Library1268 on

      I feel this. I think a lot of people are freaked by the interest rates.

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