Back in October I did a post on the Bohall Family– a family in Mesa, AZ trying to sell their house so they could move into the new home they had built. If you missed that story, or need a refresher, the East Valley Tribune said:
Craig and Shannon Bohall bought an existing home in Mesa three years ago, and now they have an opportunity to move up to their first brand new home. Their house, near Baseline Road and Val Vista Drive, has five bedrooms, 3 1 /2 bathrooms and lots of amenities. They put their house on the market more than a month ago in hopes of a quick sale so they can close on their new home by mid-November.
However, the house hasn’t budged. It’s just sitting on the market day after day without drawing any buyer interest. The couple already has cut their asking price from $564,995 to $559,995.
The Bohalls have sweetened the deal by offering a free trip to Hawaii, a free big-screen TV and $10,000 cash to whoever steps forward and buys their house.
“We’re in a bit of a time crunch, and that’s why I thought instead of just giving an incentive like everybody does, like we’ll pay $3,000 worth of your closing costs, I said no, let’s make the incentive big,” Craig Bohall said.
That wasn’t all the Bohalls tried. They also managed to have their story told on Channel 5 and Channel 15, in addition to the newspaper coverage. It wasn’t working though. In January the price had been cut to $525,000- still no takers. [For what it is worth, Zillow estimates their property value at $518K]
I asked L about the price history:
In addition to selling it, they were also trying to rent it, but they gave up on that in December. They wanted $2,300 a month…. As far as the selling price, it’s difficult to track- he’s changed it so many times. It was $574,000 or more. It was down to $474,900 when he cancelled it. Now he’s changed the price even though it’s cancelled to $525,000 again. I think if they decide to put it back on the market one day he can say, "Look you’re getting a deal! It was $525K- we’ve reduced it to $474K," or whatever.
In February the "Realtor remarks" of the listing were updated:
REALTOR Remarks: sllr financing! Call agent or owner then use lck bx. give 30 min (smll chldrn). Rltr related to sllr. Hand painted pedestal sink does NOT convey. murals in niches =removable. *rock bottom price!* 2-28 deal is gone – seriously!!
Apparently they were serious- the listing has been cancelled.
[Our thanks to L, who has been keeping us updated on this story!]