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Forum
-> Inquiries & Offers
-> Moving/ Relocating
amother
OP
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Sun, Jan 14 2024, 12:59 pm
Why would a home be on the market for over a year?
I don't even think it's overpriced but what do I know?
Is it because the market is not doing well or would there be another reason? 🤔
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amother
Linen
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Sun, Jan 14 2024, 1:00 pm
There could be issues with the house that come to when you do an inspection.
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amother
Pumpkin
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Sun, Jan 14 2024, 1:02 pm
Priced too high, that’s the only reason
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amother
Dill
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Sun, Jan 14 2024, 1:03 pm
With the crazy rates a bunch of houses sat. Right now I don’t think it’s an indication something is wrong. But get a top inspector just to make sure.
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amother
OP
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Sun, Jan 14 2024, 1:13 pm
amother Linen wrote: | There could be issues with the house that come to when you do an inspection. |
I wish I could know in advance - many people had to have spent $$$ on Inspection.
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amother
Khaki
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Sun, Jan 14 2024, 1:15 pm
amother OP wrote: | Why would a home be on the market for over a year?
I don't even think it's overpriced but what do I know?
Is it because the market is not doing well or would there be another reason? 🤔 |
Does the house need a lot of work? My home in that area was on the market for a long time because it needed a lot of work and ppl were scared off
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amother
OP
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Sun, Jan 14 2024, 1:16 pm
amother Khaki wrote: | Does the house need a lot of work? My home in that area was on the market for a long time because it needed a lot of work and ppl were scared off |
Nope it was actually renovated recently.
Move in condition.
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amother
Marigold
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Sun, Jan 14 2024, 1:16 pm
Where in Marine Park maybe we can provide some insight
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amother
Khaki
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Sun, Jan 14 2024, 1:17 pm
amother OP wrote: | Nope it was actually renovated recently.
Move in condition. |
Did they recently lower the price? Maybe it was priced too high.
Are there frum neighbors you can ask if they know anything?
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amother
Apple
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Sun, Jan 14 2024, 1:19 pm
amother OP wrote: | I wish I could know in advance - many people had to have spent $$$ on Inspection. |
Sometimes the realtors will tell you. If you have a relationship with any in the area try asking.
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amother
OP
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Sun, Jan 14 2024, 1:21 pm
amother Khaki wrote: | Did they recently lower the price? Maybe it was priced too high.
Are there frum neighbors you can ask if they know anything? |
Yes, they have been dropping it continuously since they put it on the market.
I'm sure there are frum neighbors. None that I know though.
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amother
IndianRed
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Sun, Jan 14 2024, 1:35 pm
amother Apple wrote: | Sometimes the realtors will tell you. If you have a relationship with any in the area try asking. |
Yes we have our realtor the inspectors report when we backed out of a house that needed too much work. She found a buyer that was ok with it…
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amother
Linen
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Sun, Jan 14 2024, 1:39 pm
amother OP wrote: | Nope it was actually renovated recently.
Move in condition. |
So there technically could be issues hiding under the new renovations.
Sometimes you can see if the house was relisted a bunch of times, or pending a few times in a row.
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amother
OP
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Sun, Jan 14 2024, 1:50 pm
amother Linen wrote: | So there technically could be issues hiding under the new renovations.
Sometimes you can see if the house was relisted a bunch of times, or pending a few times in a row. |
Yes, however It wasnt renovated to be flipped, it was renovated by someone to live in it.
That much I know.
They lived in it for a few years and put it on the market for another few hundred k.
It was never pending or taken off the market. The price has just been continuously dropping.
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amother
Aqua
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Sun, Jan 14 2024, 1:52 pm
I second the idea to ask a realtor who’s familiar with the area.
A few times I’ve asked a realtor “what’s up with xyz house on the market and he told me the issues”.
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amother
OP
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Sun, Jan 14 2024, 1:55 pm
amother Aqua wrote: | I second the idea to ask a realtor who’s familiar with the area.
A few times I’ve asked a realtor “what’s up with xyz house on the market and he told me the issues”. |
Any reputable real estate agents in the area anyone can recommend?
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Ema of 5
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Sun, Jan 14 2024, 1:59 pm
Priced too high
Issues with the house
Not necessarily in a super desirable neighborhood- might be too far from an active Jewish community or not in a good public school district
I can keep going. Pricing is not the only reason.
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amother
DarkViolet
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Sun, Jan 14 2024, 2:19 pm
P and 36? If it's the same one I was about to take it till I saw the bedrooms were tiny
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amother
OP
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Sun, Jan 14 2024, 2:31 pm
amother DarkViolet wrote: | P and 36? If it's the same one I was about to take it till I saw the bedrooms were tiny |
Yes.
Was there anything wrong with it?
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