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Realtors: Why the hell isn't this house selling?

9,154 Views | 84 Replies | Last: 3 days ago by MAS444
B-1 83
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https://www.zillow.com/homedetails/9718-Andrews-Ln-Missouri-City-TX-77459/50215070_zpid/

What am I missing? Good location, new floors, new paint, cul-de-sac, ready to move in …..

Daughter and son in law's house. They're in Ft Collin's now.
Being in TexAgs jail changes a man……..no, not really
JBLHAG03
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Not a realtor but have worked with a great one several times. May help to virtually stage furniture in the pictures to help people envision living there.

Is the master bedroom upstairs? That is a turnoff to a lot of people.
trip98
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I live on opposite side of Houston...2 houses in our section for sale and aren't moving.
Wrong time of year to be selling unless you are in super desirable area like inside the loop or maybe Katy or woodlands
Also lots of folks are still waiting for rates to come down some more
aggie_wes
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Bad time of year. Just wait it out.
MS08
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$148/SF is a screaming deal on a price per sqft IMO. In any market that should be true.

If master is upstairs, then that is a drawback. And this is a home for for a first time homebuyer/starter home. Economy is not as it had been publicized, especially for average home buyer. $3k/month as a payment for a sub $400k house is stiff.
CS78
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How many 2-stories are there for sale? How many 2-story new builds are available? If theyre competing with a bunch of new builds, they better have a steep discount. I've never been a fan of them in the sub $500k market. They seem to have a market that marches to it's own beat. Which is always slower than the rest.
CS78
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Separate issue but the curb appeal is kinda struggling. It's kinda a square box. The double garage doors with large brick wall and single window gives it a stale 4-plex type look. Not sure what to do though. Only thing I can think of is maybe a wall mounted basketball goal above the split in the garage.

Having your cover photo be taken at some angle might reduce the cubism feel some.

Maybe someone else might have some ideas.
Diggity
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Would agree it's probably timing. They listed after the Summer selling season, which is a big deal in suburbia.

Best to wait it out if they can. Should start to pick up in a few months.
SteveBott
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I'm not a realtor, in mortgage. So my opinion is just based on that.

1. Agree the house needs to be staged. It looks lifeless in the pictures.

2. HOA is stout. 1500 a year is a lot but I don't know the market.

3. Taxes will go up on sale if the county is on top of their game.

4. Insurance estimate is very low. Probably double then advertised.

So you assume taxes, insurance and much less down payment for a starter home the monthly is significantly more than the Zillow cost estimate.

Now how are the schools? If good they should be noted. If not good that is a real issue for the home since it is very likely buyers will have kids.
_lefraud_
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What kind of offers have they received? What is the realtor saying? Surely, the realtor suggested staging…and if not, well…
JobSecurity
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Also not a realtor so just an opinion. Agree on virtual staging. The downstairs layout is a little funky with the open office/sitting room connected to the dining but cut off from everything else. Staging could help there.

It doesn't really stand out. There are like 10 houses in this price point within a few miles from a quick look.

Agree the exterior pics aren't helping it on the curb appeal front but not much you can do about that now. It's good that they did the floor but the granite counters and tile and such are very brown and out of current style preferences for most. Probably not worth it now but I would've changed the master floors to match downstairs. What are the random doors leaning against the wall in the master pics?

Like someone else mentioned this price point is a first time buyer who is probably already stretched thin so the thought of upgrading anything could be off-putting. The houses that are selling quickly seem to be the ones that need nothing, even if that means they're priced higher.

Overall it's not bad and priced better than most in that neighborhood so I think if they can get it at least virtually staged it'll sell
Heineken-Ashi
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If a house isn't moving, 99% of the time it's price. Maybe the price "feels" good. But as mentioned, the likely buyer for this house is probably feeling the pinch like no other time in their life. The market is speaking, and it's telling you that the house as advertised isn't worth the price. So it's either the advertising, or it's the price. You either advertise better and hope for the best, or drop the price.
AggieStan
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Bc it's Missouri City ?
Señor Chang
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MS08 said:

$148/SF is a screaming deal on a price per sqft IMO. In any market that should be true.

If master is upstairs, then that is a drawback. And this is a home for for a first time homebuyer/starter home. Economy is not as it had been publicized, especially for average home buyer. $3k/month as a payment for a sub $400k house is stiff.


It's pretty crazy that a house considered a starter home costs ~$400k.
SteveBott
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Truth.
ktownag08
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To me it's the layout. Kitchen is disconnected from living room because of stairs and breakfast area. The office isn't an office which matters as a lot of folks that would buy this house can WFH, partially WFH, or want a job they can. There's no space to do that. Upstairs master right next to kids also is disadvantage.

My wife on the other hand says she doesn't like the brown tile everywhere so on that basis alone it's a no for her.

There's too many options +/- 30k of this with less layout issues and/or dated finishes.

My guess is many buyers at this price point just sacrifice some square footage to get a 3/2 + enclosed office, better layout, and less dated finishes. Gotta have something to live the Insta life and nothing in this house does that...
12thMan9
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Sienna Plantation. An hour to civilization. How much water did it get in Harvey? Funny, people still want to know that. Ridge Point HS, 30% White, 27% Hispanic, 23% Black.

Nice stuff out there. It's just out there. My GP lives out here & used to commute to I-10/Campbell where Village Medical is located. Then moved a bit closer to the I-69/Sugar Lakes location. Finally said screw that & retired since he wanted to know his kids.
Ronnie '88
B-1 83
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Zero Harvey water
Being in TexAgs jail changes a man……..no, not really
ATM9000
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It's price. If I look in your immediate area, there's a house on N Barnett with updates and more development in the yard and better layout listed $20k higher than you that I'd easily pay more than $20k for over the Andrew's house. It's also not moving but I'd assume some of that is seasonal. I'd suspect that's your closest comp in the area, it also isn't moving and it's priced significantly better relatively speaking.

Remove the 5 and 6 year old big ticket item replacements from the ad too. These are late 90's houses so advertising things 30-50% through their useful life isn't really the hot selling item you or the realtor seem to think it is. I'd guess the vast majority of the houses in the area are on par or better when it comes to useful life of your water heater, HVAC and roof just based on home age and how long those things typically last.
Kenneth_2003
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I'm sure many don't notice... But there are issues with the photos at are a HUGE turnoff for me. Every time I've been in the market, ANY listing where I noticed what I'll describe below I would immediately move along and never looked back. I think more and more buyers do the vast majority of their looking online and for every house they actually step foot in, they've probably done 10-20 "showings" of listings online that they never mentioned to their realtor. You can't lose the showing online!!!

Get very good photos and showcase the home properly.

Whomever took and posted those photos doesn't know what aspect ratio is. EVERY photo is stretched in one direction or another. I presume they were taken with their phone and then forced to fit a web template that didn't match. IF I had to guess, the phone is probably taking photos in 16:9 and the broker's web template is using a more traditional 4:3 or 35mm film based aspect ratio.

From one photo to the next the floor tiles are different widths. In one photo the kitchen island looks square and in the very next it's a long rectangle. Look at the dining nook; the back wall appears radically different from one photo to the next.

I quit scrolling before I even got to the photos of the bedrooms. But from the photos I've looked at, I can't get a feel for what size the rooms and spaces are. With or without staging I have no idea, and even adding staged furnishings won't help if there isn't consistency in size from one photo to the next. If I can't tell the size or even the shape of that island is, how can I tell how big the table is or if that bed is a King or just a Full?

I realize it's not something everyone notices, and these aren't the worst I've seen. But don't give any viewer a reason to keep scrolling. I REALLY wish more realtors paid attention to these details. Maybe it's just me...
NoahAg
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A little patience and I bet it'll sell at that price in the Spring. The photos aren't terrible but they aren't great. The selling agent is really slacking if they didn't strongly suggest virtual staging. Really no reason not to.
Chipotlemonger
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As an out of stater, those home prices with those homes and lots are a nice bang for the buck.
MoneyMikeOnline
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Before you haphazardly drop the price, offer closing costs. Give 10K towards buying the rate down. it's a much better option than just lowering the price. It'll make it more intriguing to everyone buying a home. It's basically 3 points they can use however they want. Link up with a mortgage broker as your preferred lender on the closing costs deal and the buyer will get an amazing loan. Thus making your home the lowest price (payment ) in the area.
MoneyMikeOnline
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I've got one like that in Dallas and I refuse to give my home away. I'll pay two notes until the spring rolls around and hopefully sell it this. The market in my area is kind slow.
Hittag1492
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That site showing the location as a Major flood risk likely does not help. Is that even true? May ask them to re-evaluate that.
combat wombat™
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Not a realtor but have sold a lot of houses. We lived out of our last two homes before listing. Rather than showing empty we paid to stage the home. It made a HUGE difference in the photos and how the house showed.
mosdefn14
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Pictures are boring and a turn off. Without being staged, and everything being the same color, I had a hard time making it through more than the first few. No way to tell what room is what, or how it flows.

If it's a perfect cul de sac, why not have a nice drone shot showing it's position? Or photos of the street void of beat up cars parking on the street?

Large backyard is the biggest selling piece to me, but seems to be an afterthought in the photos. Maybe have some cad designs mocked up with patio cover, landscaping, or a pool idea. Our last house had those in the listing, and it's what caught my wife's eye.

The write up is difficult to read. It feels like someone reading straight off a power point.

Also it's $5k above the Zestimate. We know those aren't right, but that's like a store asking $4 for a bag of chips with $2.99 printed on the front of the bag.
B-1 83
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Odd. It didn't flood during Harvey, but it has that? Maybe if the Brazos levies broke….
Being in TexAgs jail changes a man……..no, not really
Diggity
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mosdefn14 said:

Pictures are boring and a turn off. Without being staged, and everything being the same color, I had a hard time making it through more than the first few. No way to tell what room is what, or how it flows.

If it's a perfect cul de sac, why not have a nice drone shot showing it's position? Or photos of the street void of beat up cars parking on the street?

Large backyard is the biggest selling piece to me, but seems to be an afterthought in the photos. Maybe have some cad designs mocked up with patio cover, landscaping, or a pool idea. Our last house had those in the listing, and it's what caught my wife's eye.

The write up is difficult to read. It feels like someone reading straight off a power point.

Also it's $5k above the Zestimate. We know those aren't right, but that's like a store asking $4 for a bag of chips with $2.99 printed on the front of the bag.
bulletproof logic
Jay@AgsReward.com
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This a first time home owner price point, and rates over 7% is really squeezing the affordably of most first time home buyers which of course hurts that part of the market.
Buck Compton
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Yep, just put some math to it… a first time home buyer is likely looking at over $3,500 a month to buy and live in that house at current rates.

So just to qualify (but likely not afford), household income has to be $100,000 with ZERO other debt. If they have your standard living beyond means car payments we see these days, you're probably looking at 140/150+ to qualify. How many of those people are in Missouri City and want to live there? Median household is ~96,000 there.

And those people look at their budget and likely can't afford $3,500 a month because of kids, food, and other increasing costs. Someone who has a slightly smaller or worse house that was thinking about upgrading might only be paying $2,400 a month if they bought at lower interest rates.
HouAggie
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Proximity to railroad tracks?
Heineken-Ashi
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Hittag1492 said:

That site showing the location as a Major flood risk likely does not help. Is that even true? May ask them to re-evaluate that.

Lol. Zillow is absolute trash at knowing anything about a property or area.
SoTheySay
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S
This is not my area so there may be more reasons or it may not be an issue at all but an upstairs master is a deal killer for many people.
jja79
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Are rates at 7% or so? That's obviously not helping.
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