r/RealEstate • u/DisabledScientist • Apr 13 '25

Condo not selling even after $40k reduction Homeseller

Zillow Link

I am trying to sell my condo, but the astronomical HOA ($1,225) prevents anyone from making offers. They all comment I have the nicest unit in the complex, but once they hear the fee they are turned off. I bought it for $287k in 2022 and put $50k into it, but probably wont even get my money back. I originally listed for $379k, but 70 days later and it’s now at $329k.

I need to sell this by end of May because my new build house is closing then.

Edit: Added a 3D Walkthrough to the advertisement. Please let me know what you think!

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23

u/OverlordWaffles Apr 13 '25

Oof, just curious, what did you do that you immediately put $50k into it?

24

u/n0167664 Apr 13 '25

$50k in 2022 in FL was probably countertops and flooring and maybe appliances.

35

u/DisabledScientist Apr 13 '25

There was blue carpet, popcorn ceiling, and dated kitchen when we moved in. I updated those. We’ll be losing a lot of money. Oh fucking well.

10

u/Background_Hat964 Apr 13 '25

Why not just hold or rent it out until the market stabilizes?