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Koel Gaylord
Pro Member
  • Rental Property Investor
  • West Lafayette, IN
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40
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No comps, no sale?

Koel Gaylord
Pro Member
  • Rental Property Investor
  • West Lafayette, IN
Posted Aug 14 2014, 08:04

Dear BP community,

         My realtor just told me that after six showings and some interest from a few folks, that my duplex wont sell because there are no comps...The last comp was from 2010 and that was when I bought my duplex for 106k and there are no comps since then. The 137k asking price will not happen even though there has been a lot of interest, says my realtor. The property has only been on the market for six days and I'm already thinking about keeping it. The market is up here and I wanted to capitalize on the up swing.

Does anyone have any ideas? Do I need to pay for an appraisal since there are no comps?

Thank you,

KEG

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