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I have a home for sale under the affordable housing program, I cannot sell it. Anyone have any ideas?

Our home was built in 2006 it is a 3 story town home 3 bed 2.5 bath w/ 2 car attached garage. Living room, family room, large kitchen, master has walk in closet, pantry, stackable washer and dryer located upstairs across from master. It is under the affordable housing guidelines for the City of Tusin. See income restrictions below: -2006 Orange County Moderate Income Limits- 3 person household a maximum of $84,600 4 person household a maximum of $94,000 5 person household a maximum of $101,500 6 person household a maximum of $109,000 7 person household a maximum of $116,600 I have lots of information if you are interested. We need to find a family with 3 or more persons with an income of at least $80,000, but no more than the maximum income as indicated above. We are desperate and have listed it on craigslist and with an affordable clearinghouse. If you have any ideas where else to find buyers please let me know. It is located on Newport Ave near Sycamore. This home is qualified under the affordable housing limitations, I do not have a choice in selling it any other way. I am getting a divorce not flipping a home and I cannot afford to use a realtor, and their commission cannot be paid out of escrow, I would have to pay them out of pocket. It is 20% below market, therefore is not effected by the soft market, it is just hard trying to find people who qualify under this type of program. Sorry for any confusion.

Public Comments

  1. well, dang that's a lot of expectation. that's definitely strange. All you can do is wait, or lower the price
  2. you could always trade it for this red paper clip
  3. Is this a house flip? If it was built this year, it sounds like it. The housing market is very soft. Instead of having bidding wars a year or 2 ago, you have 15 homes per buyer. Hot sellers markets don't stay forever.
  4. Why are you selling? Do you own other properties? What will happen if you have to sit on this house for a while? Why are you limiting yourself to only buyers under affordable housing? What do you have against using the services of a real estate agent. Since the market is softer than it has been, realtor's are hungry too.
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