Comments on: Is this a good ad? Would you buy this house?

By: linkus86

linkus86 — Tue, 22 Jan 2008 20:25:47 +0000

I didn’t see your list price in your ad but asking for $1075 rent (even if it is a part of a lease option) seems excessive for a $70k house. The deposit money is a little high too, but I think you could get away with requiring $5k and still be competitive. You might want to compare your rental rate to others in your neighborhood too. I think the description in the ad sounds good. Still, you need to remember that an ad is not meant to close the sale but merely to get people in the door to take it in consideration for purchase. So, to answer your question… No I wouldn’t buy the house, but if it was in my price range, and I was pre-approved, I would come and take a look at it. If I wasn’t pre-approved I wouldn’t even bother because the lease option rent is too much.

By: bostonianinmo

bostonianinmo — Mon, 21 Jan 2008 07:59:32 +0000

Can’t say that I’d buy it but I might look at it if I were in the market for a small cape.

Info on distances to schools, shopping, churches, etc. might help if they’re close-in. Info on property taxes could also be helpful. Read MLS listings of properties in the area to get a feel for what the pros push and follow their leads.

You’re not offering owner financing, but a lease option — BIG difference. $1,075 sounds WAY high for rent since a mortgage would be about 1/3 of that for P & I though local conditions may say otherwise. Personally I’d cut the option money by half (at least) and credit half the rent towards purchase.

Forget a pool. In that part of the country it’s more of a liability and on a 50 x 125 lot you’d have no yard left. A 3rd BR would make more sense, but might be difficult to do on a cape and keep it looking right.

By: sara h

sara h — Sat, 19 Jan 2008 09:59:27 +0000

Short & sweet makes it a much better consideration. For sale by owners are bulls eyes for real estate agents (I’m one, I know) We consider them a help wanted sign and I guarantee you will be bombarded with realtors.
You are trying to sell your house at the same price as it was listed for but the level of exposure that you are giving it will equal that of trying to sell your car on a dead end street as opposed to the main road in a prominant spot.
It always amazes me how the realtors always get the blame, certainly there are realtors who do not do a good job but more often than not there is a price adjustment or some other hindrance causing your place not to sell. I would interview other agents and take the general consensus of their advice then put it back on MLS where you have the best chance.

My advice on realtors is find an aggressive agent who works full time and will tell you the truth even if you don’t want to hear it. Often when someone wants to run the show on their listing we as agents take our hands off and move our efforts to someone who will listen to reason.
Your house is only worth what a buyer will pay, not what you may think it is worth. Most buyers will also take the commission that you would have paid right off the top so you lose that money and the safety and security you would have had if you would have let them handle the transaction.

By: wolfwagon2002

wolfwagon2002 — Thu, 17 Jan 2008 09:31:11 +0000

I agree it is too lengthy and may loose the interest of potential buyers… maybe cut some items out and add a line for additional details contact ……..

example: stove , refrigerator, washer, dryer… = 4 applicances incl.

By: Emily K

Emily K — Mon, 14 Jan 2008 10:46:55 +0000

i think its a bit to much info that might bore people but yes i would defintly buy that house. good work