The bank’s refusal resulted in a price cut for a small house in Massachusetts

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It looks like a small house with a big price tag has a problem with the sale. >> It is only 251 square feet. It is still on the market. The price has dropped. It is now available from 450’s 389 DNOW.Real estate agents say they want cash buyers because they want to sell

After the bank refused to provide financing, the asking price of the small house dropped sharply


A small house with a high price tag in the Boston area encountered some trouble finding a buyer. This 251-square-foot house at 1295 Boylston Street, Newton Highlands immediately attracted attention due to its size and initial asking price of $449,900. This is equivalent to approximately $1,792 per square foot. Hans Brins, a real estate agent at Coldwell Banker, said the owner received several offers in the first week and accepted one. “Unfortunately, buyers were unable to obtain financing because every lender they contacted said that the house was too small for financing,” Brins wrote in an email. “Alternative buyers have the same problem.” Therefore, this small house with an open floor plan, updated kitchen and ideal location was re-listed with a new asking price and a new strategy. Brins said the owner now hopes to find a cash buyer who can afford to pay $389,900. According to the listing information, the bedroom is a loft with a knee-high ceiling. The kitchenette has a new granite countertop and the bathroom has recently been remodeled. It is located on a plot of 2,452 square feet. There is a “basement ready to be completed” and some additional square feet may be provided. According to data from the Massachusetts Association of Realtors, the median price of a single-family home in the state in August was $552,000.

A small expensive house in the Boston area encountered some trouble finding a buyer.

This 251-square-foot home at 1295 Boylston Street, Newton Highlands immediately attracted attention due to its size and initial asking price of $449,900. This is equivalent to approximately $1,792 per square foot.

Real estate agents Hans Brins and Coldwell Banker said that the owner received several offers in the first week and accepted one.

“Unfortunately, buyers were unable to obtain financing because every lender they contacted said the house was too small for financing,” Brins wrote in an email. “Alternative buyers have the same problem.”

As a result, small houses with open floor plans, updated kitchens, and ideal locations were relaunched with new asking prices and new strategies.

Brins said the owner now hopes to find a cash buyer who can pay $389,900.

According to the list, the bedroom is a loft with a knee-high ceiling. The kitchenette has a new granite countertop and the bathroom has recently been remodeled. It is located on a plot of 2,452 square feet.

There is a “basement ready to be completed” and some additional square feet may be provided.

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

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