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Bank refusal leads to lower prices for Massachusetts cottage

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IT LOOKS LIKE A LITTLE HOUSE WITH A BIG PRICE HAVING PROBLEMS TO SELL. >> THIS IS ONLY 251 SQUARE FEET. IT IS STILL ON THE MARKET. THE PRICE HAS DROPPED. IT IS NOW LISTED AT 389 DNOW FROM 450. THE REAL ESTATE AGENT SAYS HE WANTS TO BUY IN CASH BECAUSE TO SELL

The asking price for a mini-house reduced after the bank refused to finance the offer

A small home with a high price tag in the Boston area is struggling to find a buyer. The 251 square foot home located at 1295 Boylston St. in Newton Highlands immediately gained attention for its size and initial asking price of $ 449,900. This works out to about $ 1,792 per square foot. Real estate agent Hans Brings, along with Coldwell Banker, said the owner received several offers in the first week and accepted one. too small to fund, “Brings wrote in an email.” Relief buyers had the same issues. “So the tiny home with an open floor plan, updated kitchen, and desirable location is back in the market with a new asking price and a new strategy. Brings said the owner is now hoping to find a cash buyer who can afford to pay $ 389,900. According to the listing, the room is a loft with Knee-high ceilings. The kitchenette has a new granite countertop and the bathroom has been recently remodeled. It is located on a 2,452 square foot lot. There is a “basement ready to finish. which could offer a few more square feet. According to the Massachusetts Association of Realtors, the median price of single-family homes in the state was $ 552,000 in August.

A small home with a high price tag in the Boston area is struggling to find a buyer.

The 251 square foot home located at 1295 Boylston St. in Newton Highlands immediately attracted attention for its size and initial price of $ 449,900. This works out to approximately $ 1,792 per square foot.

Real estate agent Hans Brings, along with Coldwell Banker, said the owner received several offers in the first week and accepted one.

“Unfortunately, the buyer could not get financing because every lender contacted said the house was too small to finance,” Brings wrote in an email. “The backup buyers had the same problems.”

So the tiny home with an open floor plan, updated kitchen, and desirable location is back on the market with a new asking price and a new strategy.

Brings said the owner is now hoping to find a cash buyer who can afford to pay $ 389,900.

According to the ad, the bedroom is a loft with knee-high ceilings. The kitchenette has a new granite counter and the bathroom has been recently renovated. It is located on a 2,452 square foot lot.

There is a “ready to finish basement” which could provide a few extra square feet.

According to the Massachusetts Association of Realtors, the median price of single-family homes in the state was $ 552,000 in August.

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