Buyers Market
My area is in a heavy buyers market. Offers are coming in about 15K less than the asking price. When we bought are rehab property things were good but now very difficult to sell properties. What would one suggest to get a decent price on a property. We need to get rid of the house yet make $. We had one offer on this house first week on market, first person to go through it and they offered us way less than the price, so we declined. I hate to lower the price for someone to come & offer less than what we can take.
Have you considered doing a lease with option to buy? This would provide you with LT capital gains rates if you structured it so that they can exercise in 12 months.
Have you asked your realtor what changes if any, that you could make to get your price without incurring a lot of costs - eg., paint, blinds, carpet?