Belt Auction

How do I sell a duplex in a down market?

I noticed the real estate market isn't as good as it was and its now a buyers market. so how can I compete? I bought brand new a duplex last year and I owe 320K on it and it appraises for 350K. I have it listed for 335K so I can pay the relators commission. I am not behind on the payments so most investors are not interested in it since its not a distressed property. It needs no work or rehab. Eventaully, it will start hurting me financially because I had to kick the tenants out 2 months ago for non payment. I am looking for more tenants but it's not easy. I have it listed with the agent, it's advertised in the local newpaper, and on craigs list for almost 2 months and only 2 people have called about it. Is there anything I can do at this point? What about an auction?

Public Comments

1. You can sell it, but not for the price you want.
2. Have you sold it yet? I am a realtor and I have a duplex listed as well that's rented out and its not moving....no rehab needed...its in pretty good shape too. I'd love to hear from you. Sharen
3. SELL IT AS 2 OR 3 CONDOS.
4. Do a flat fee fsbo and save thousands paying agent commissions
5. flat fee mls entry you will still have to pay the buyers agent a commission......why not rent it out?if its a problem finding tenants lower the price,the only reason places dont rent is people ask to much....give people a reason to want to live there...have decent credit charge a lower move in rate....price it to move if you dont want to go into foreclosure
6. you can list your property for free either for sale, lease, or both at www.fwaac.com