There was a real estate auction down the street.

[trof]

Last Saturday.
Nice house.
Not a foreclosure.
The lady just wants to get the damned thing sold.

About 3000 sq. ft.
2 acre lot.
Across the street from the bay.

ONE bidder showed up.
Auctioneer called off the auction.

This house has been on the market for over a year with various realtors.
Now there's a new realtor's sign in the yard.

I don't think you can GIVE them away.
:-(

[GreenPartyVoter]

1. They can give one to me, no strings attached. Not one that big though

[movonne]

2. What is she asking for it??? it may too high for this market..

[trof]

4. It was on the market with realtor for $450,000.

Ridiculously high for this market.
There was a minimum bid at auction, but I don't know what it was.

[Warpy]

3. If you just want to get it sold and are willing to risk an auction

then it's time to lower the damn price to a fire sale price.

Forget about the stupid comps that are a year old since the last houses sold in that area. Have a very frank discussion with a realtor and lower the price 10% from that.

That's what I did in Florida after I'd counted the for sale signs on the block. My dad's house sold in a week. All the other signs are still up.

[trof]

5. Yeppers. ANY house will sell if...the price is right.

OR...you can just keep it on the market at an inflated price for YEARS until the market (inflation) finally comes up to your asking price.
DUMB.

[DFW]

6. Where, and which bay?

Just curious--Chesapeake, SF, Biscayne---it wasn't clear from the OP

[trof]

7. Little known Wolf Bay. Coastal Alabama.

East of Mobile Bay between Mobile and Pensacola.
North of intracoastal waterway with access to Gulf of Mexico.
Very quiet and secluded, but deep water.

[DFW]

8. Thanks for the clarification.

I don't know the area at all, so I have no clue as to what to make of the situation.
In the Massachusetts Bay area of Boston, $450,000 might buy you half a garage.

[trof]

9. $450,000 might get you a waterfront lot here.

My daughter bought a 2 story Victorian in Melrose, MA on a postage stamp lot for $350,000 about 7 years ago.

15 years ago we paid $225,000 for a 2300 sq. ft. home on the bay.
Lot is about 1 1/4 ac. Bulkheaded, with dock & boathouse.

Three years ago, before the bottom dropped out of real estate here, it might have brought around $800,000.