4 Responses to “What can I do to sale real estate in a bad market?”
-
Sell it to a developer who’ll open a spa on the site to take advantage of the mineral waters.
-
Find a way to hang onto it. The market is bound to turn around at some point…
-
“Prime” real estate & “difficult location” should not be in the same sentence.
Prime real estate is Prime real estate because it has the best of everything, especially Location!
Have you been a “for sale by owner” for 2yrs? If not, you’re real estate agent is NOT educating you on market conditions & proper pricing.
If you are already in the foreclosure process you probably have about 2-3months left to actually sell it.
Drop the price!!!
If it doesn’t seem possible to make a profit after costs & commissions, inquire your agent about getting into a “short sale”, where the bank will accept LESS than you owe. Doing a short sale won’t harm your credit as bad as actually going into forecloure & the bank owning it.
Make sure your Commercial Realtor is advertising your property on the nationally known websites for commercial properties at or
-
Hire the best realtor in town to market it for you. You can continue to market it on your own but a good Realtor can increase exposure.