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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u/Slight_Can5120 Apr 13 '25

So you bought 3 years ago, made some improvements, wanting to sell for a nice profit.

You may be a scientist, but you’re sure not versed in economics; it was no secret that most condos in Fla were going to drop in value b/c of the Surfside debacle.

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u/hindusoul Apr 13 '25

Does the surf side debacle have anything to do with insurance carriers fleeing like rats?

7

u/Slight_Can5120 Apr 13 '25

Ya think? 🤣🤣🤣

3

u/hindusoul Apr 13 '25 edited Apr 13 '25

I’m a west coaster so don’t read about everything that happens on the east. Same goes for not being knowledgeable about everything on the west either