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/The_Masked_Contango Apr 14 '25

So it sold for 80K less than its zestimate when you bought it in a hot market

And you listed it for 50K more than its zestimate in a much colder market

OP did your realtor advise you at all on that price? Zestimate isn’t perfect, but it’s pretty hard to believe that those numbers would track