Home on the market for over a year (Marine Park)

amother

Sun, Jan 14 2024, 9:59 am

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? 🤔

amother

Linen

Sun, Jan 14 2024, 10:00 am

There could be issues with the house that come to when you do an inspection.

amother

Dill

Sun, Jan 14 2024, 10:03 am

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.

amother

Sun, Jan 14 2024, 10:13 am

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.

amother

Khaki

Sun, Jan 14 2024, 10:15 am

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

amother

Sun, Jan 14 2024, 10:16 am

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.

amother

Marigold

Sun, Jan 14 2024, 10:16 am

Where in Marine Park maybe we can provide some insight

amother

Khaki

Sun, Jan 14 2024, 10:17 am

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?

amother

Apple

Sun, Jan 14 2024, 10:19 am

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.

amother

Sun, Jan 14 2024, 10:19 am

amother Marigold wrote:

Where in Marine Park maybe we can provide some insight

Mid 30s and P

amother

Sun, Jan 14 2024, 10:21 am

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.

amother

IndianRed

Sun, Jan 14 2024, 10:35 am

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…

amother

Linen

Sun, Jan 14 2024, 10:39 am

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.

amother

Sun, Jan 14 2024, 10:50 am

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.

amother

Aqua

Sun, Jan 14 2024, 10:52 am

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”.

amother

Sun, Jan 14 2024, 10:55 am

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?

Ema of 5

Sun, Jan 14 2024, 10:59 am

amother Pumpkin wrote:

Priced too high, that’s the only reason

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.

amother

DarkViolet

Sun, Jan 14 2024, 11:19 am

amother OP wrote:

Mid 30s and P

P and 36? If it's the same one I was about to take it till I saw the bedrooms were tiny

amother

Sun, Jan 14 2024, 11:31 am

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?