Zillow Advice: Home Selling - Taking a loss on a house... http://www.zillow.com/advice-thread/Taking-a-loss-on-a-house/511430/ Zillow Advice | Zillow Real Estate I see that you had it listed ... http://www.zillow.com/advice-thread/Taking-a-loss-on-a-house/511430/ I see that you had it listed in December last year, but keep in mind that the market had been steadily more busy this spring and summer than it was last winter, and I don't know about Muskogee statistics, but here in OKC, October has been one of the busiest sales months of the&nbsp; year for several&nbsp; years.&nbsp; <br/><br/>Like it or not, Reatlor bonuses go a long ways as well.&nbsp; I found it rather irritating to learn this but I once had a house that was not overpriced but for whatever reason it simply wasn't getting shows, so I offered a $500 bonus to selling realtors for an accepted offer in the next 30 days,&nbsp;&nbsp; WOW...it was shown like crazy and a full price offer was received. So try other things before giving up and dropping the price.<br/><br/>Is your Realtor advertising it besides online.&nbsp; Do an open house, do a broker's open, evaluate the marketing efforts before deciding it's just the price.&nbsp; Compare it to the price of others, look at the average days on market for your area for hosues that sold in the last 3 months.&nbsp; Set your expectations around that information.<br/><br/>I tried pulling up your listing in the state data co-op.&nbsp;There's no info there.&nbsp;(not all MLS systems contribute to this- but Tulsa MLS does and so does OKC.&nbsp; )&nbsp; There are plenty of other houses in Muskogee that do show up because they are also in the Tulsa MLS. I don't know how effective this is for your area -but you might visit with your listing agent about increasing the exposure to other agents that might not be a member of his MLS that rely on the tulsa MLS. maybe he wants to fax a flier to their offices or something to make sure they know about the listing as well.<br/><br/>it's worth exploring, it may not be that effective..-it's likely that many realtors there are members of both and when searching for local properties they use the local MLS not Tulsa. but still....worth exploring.<br/> Sun, 15 Sep 2013 20:39:00 GMT http://www.zillow.com/advice-thread/Taking-a-loss-on-a-house/511430/ 2013-09-15T20:39:00Z OK perhaps I am missing something ... http://www.zillow.com/advice-thread/Taking-a-loss-on-a-house/511430/ OK perhaps I am missing something but when I searched for your address just now it showed to be on the market for only 11 days.<br/>It might be premature to talk about taking a loss.&nbsp; it looked like a very cute house from the photos.&nbsp;&nbsp; but as far as a short sale is concerned....if you can bring the extra to closing rather than negotiate it with your bank then I would do that.&nbsp; (that is still called a short sale- but does not damage your record, you sale was simply short of the cost and the seller had to bring cash, it's &nbsp;been done before.).<br/><br/> Sun, 15 Sep 2013 20:37:00 GMT http://www.zillow.com/advice-thread/Taking-a-loss-on-a-house/511430/ 2013-09-15T20:37:00Z Correct the hold ups that ... http://www.zillow.com/advice-thread/Taking-a-loss-on-a-house/511430/ Correct the hold ups that continue to come up as buyer objections.&nbsp; Sun, 15 Sep 2013 18:28:00 GMT http://www.zillow.com/advice-thread/Taking-a-loss-on-a-house/511430/ 2013-09-15T18:28:00Z If you'd discovered that ... http://www.zillow.com/advice-thread/Taking-a-loss-on-a-house/511430/ If you'd discovered that a home inspector had cleared items that hadn't actually been before you signed the final documents (in 2007) or even in a few days or a few weeks after purchase, you may have had some recourse.&nbsp;&nbsp; Now it is 6 years later and you are only discovering this, it is likely way beyond any opportunity to put the burden on the seller of 2007 or the inspector.&nbsp; <br/><br/>With unlevel floors and likely other issues, you will need to advertise it as a fixer upper, price appropriately and make sure it is clear that it isn't eligible for FHA financing.&nbsp;&nbsp;&nbsp; <br/><br/>I would agree with your proposal to make up the difference at closing so that you can move on with your life rather than have the negatives of a short sale on your record.&nbsp; <br/><br/><br/><br/><br/><br/> Sun, 15 Sep 2013 17:42:00 GMT http://www.zillow.com/advice-thread/Taking-a-loss-on-a-house/511430/ 2013-09-15T17:42:00Z Perhaps lower the price to ... http://www.zillow.com/advice-thread/Taking-a-loss-on-a-house/511430/ Perhaps lower the price to where a cash buyer will purchase as is and either make up the difference or press with the short sale if that's not feasible.&nbsp; Sun, 15 Sep 2013 17:24:00 GMT http://www.zillow.com/advice-thread/Taking-a-loss-on-a-house/511430/ 2013-09-15T17:24:00Z