Feedback please! New rehab has no showings after relisting

Rental Property Investor · San Clemente, CA · Member since 2019 · 160 posts · 34 votes

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

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JM Payne

Rental Property Investor · Member since 2018 · 207 posts · 225 votes

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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JM Payne
Rental Property Investor · Member since 2018 · 207 posts · 225 votes
7y
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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Nathan GesnerBusiness Member
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Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
7y
There are a ton of houses in the area for half the price. There are quite a few that are of similar size and quality for the same price. I don't know that you're really standing out in the market.
There are many other factors that could play into this like the location, strength of the overall market, etc. That's just my take based on your online listing.
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Thuy Pham-Satrappe
OP
Rental Property Investor · San Clemente, CA · Member since 2019 · 160 posts · 34 votes
7y
@JM Payne thanks for the feedback. Yes definitely have comps to support the price for an updated home- we actually listed it low/competitive for a quick sale so we are shocked. Wondered if it could have been taking it off the market and putting it back on.
I agree with the brown- doesn't have the best curb appeal
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DJ M.
Realtor · Southeast Michigan · Member since 2017 · 232 posts · 180 votes
7y
Ask your agent for his honest opinion and dont take it personally.
The problem is almost always the price.
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