All Forum Posts by: Bao Phan

Hi guys, thank you for your input. I really appreciate it. I also thought the listed price was high at first for a 1/1 condo but turned out, the price was just about the price he bought it for. He has recently found a renter, though it barely covers the mortgage and HOA, it's still better than leaving it empty right now.

Thank you!

He recently got an offer from a buyer but after he accepted the offer, the buyer backed out. He also got an offer from a renter but that person backed out after signing the contract and he has not been able to contact that person. He said if he lowers the rent any lower, he's basically renting it out for a loss because it barely covers the mortgage and HOA.

He's thinking of remodeling the condo. 

I'm not aware of any issues, but I'll check with him. 

Thank you so much for your inputs! I should have been more specific. 

It's a 1000sqft 1bed/1bath condo. It's listed for 190K. Other similar units in the same building are listed between 190K and 200K. HOA is almost $400/mo. He also has the property listed for rent but has not gotten much luck either.

He prefers to sell it as soon as possible for appropriate price, since he now lives in a different state and can't go there as often. I have not thought of owner financing but that may be an option. 

I appreciate your advice and help. Thank you.

Hi everyone, my friend has this condo in Houston, TX that he's trying to sell since the begining of this year but the property is still on market. It's in great location, just about 8 or 9 mins to Rice University and medical centers. I thought since it's in great location, it shouldn't be that hard to sell but it seems I was wrong. My friend already moved out of town and really wants to get this place sold. I'm not familiar with the market in Houston and would appreciate any advice or recommendation.