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Updated about 6 years ago on . Most recent reply

User Stats

160
Posts
34
Votes
Thuy Pham-Satrappe
  • Rental Property Investor
  • San Clemente, CA
34
Votes |
160
Posts

Feedback please! New rehab has no showings after relisting

Thuy Pham-Satrappe
  • Rental Property Investor
  • San Clemente, CA
Posted

Would appreciate your feedback please!

We initially listed the property last weekend but found some details the contractor hadn't taken care of when he said he would, so we pulled it off and relisted after everything was completed.

There was initial interest when we listed the first time but since we relisted 4 days ago we have had ZERO showings scheduled. My realtor and I are completely baffled as to why.

​235 E Pettit Ave in Lafayette Place, Fort Wayne

$114,900 | 3 bd • 2 ba

See details at https://b1iw.app.link/YdDdDDoEOZ

Most Popular Reply

User Stats

207
Posts
225
Votes
JM Payne
  • Rental Property Investor
225
Votes |
207
Posts
JM Payne
  • Rental Property Investor
Replied

Just going by zillow comps and sales records and not really knowing the market, you're way above the listed comps and both the avg sales and list prices. Do you have comps to support your ARV, or are you trusting the realtor?

Your initial interest could likely be people just wanting to see it post flip, especially if there are people hunting in that area.

Aesthetically, it's very brown.  The backyard needs to be cleaned up, and that front mulch bed looks like a big hole in the yard.  Plant some colorful plants, decorate a little bit, perhaps with a flag or something on the porch to give it color. 

Your realtor's photos do a great job of showing how small it is.  Look into camera tricks to make spaces appear bigger than they are, and I would even consider staging as it is a challenging space. 

I hope that helps, and keep in mind I am giving you quick and dirty without actually knowing the market.  Good luck!

- JM

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