Sunday, October 15, 2006

Sellers stuck with real estate slowdown

By Ed Gately, Tribune
October 11, 2006

Craig and Shannon Bohall bought an existing home in Mesa three years ago, and now they have an opportunity to move up to their first brand new home. Their house, near Baseline Road and Val Vista Drive, has five bedrooms, 3 1 /2 bathrooms and lots of amenities. They put their house on the market more than a month ago in hopes of a quick sale so they can close on their new home by mid-November.

However, the house hasn’t budged. It’s just sitting on the market day after day without drawing any buyer interest. The couple already has cut their asking price from $564,995 to $559,995.

“It’s depressing and frustrating because I probably am like 20,000 other people out there,” Craig Bohall said. “You have a beautiful home, there’s nothing wrong with it, but there just aren’t any buyers. And I realize that if I put a beautiful home on the market just like about 20,000 other people, and it’s not going to sell, why would anybody come look at mine just because it’s nice?”

The Bohalls have sweetened the deal by offering a free trip to Hawaii, a free big-screen TV and $10,000 cash to whoever steps forward and buys their house.

Read more >>

No comments: