It's a simple question. Where do we go from here?
These sellers are a wonderful military family who understand that the local Fort Hood real estate market is in a state of flux. So they have made sure to keep their home spotlessly clean (with 4 children!!). They've installed a couple of upgrades to make sure they are more competitive in the market. They are ready to show at the drop of a hat. AND they understand and agree that they must price their home aggressively to get it sold $10k under market) as well as agree to pay all the buyer closing costs and prepaids when the time comes. Our marketing is the best the area has to offer and we know that the property is as well positioned on the internet as possible,
But still no buyer has made an offer. In fact, it's only been shown three times in three months. There are 22 homes for sale in this subdivision. ONE resale home has sold in the past three months. Two brand new construction homes (by less quality builders) have sold.
So where do we go from here? Their PCS date is coming up and they will have to move on. They'll leave it on the market through the summer in hopes that a buyer who needs this Killeen location will turn up. And then if it doesn't sell they will have to make the hard decision to keep it on the market or turn it into a rental.
These sellers are not alone right now here at Fort Hood. There are many, many other properties out there that are facing the same issues. Some are holding out hope that the Corps of Engineers Homeowner Assistance Program will come to the rescue, but as of last week, the Fort Worth office of the Corps told me that they were pulling all their information on that program off the website because it looked like the funding for the program was "either on hold or canceled". I'll be checking the Corps of Engineers website daily until there is an update.
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