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Just wondering... I am looking at some houses in this particular neighborhood, and here is the thing, one house is listed for $399,000, the seller bought this house on 10/28/08 (less than 1 month ago) for $312,000, so they are trying to make over $80K in less than 1 months, w/o any extra work on the house, isn't it just wrong. Another house in the same neighborhood listed for $379000, house right next to it (more sf, same upgrades) sold for $346000, last few sales in the neighborhood in the past 4 month did not pass $346000 mark.
So, why would realtors list these homes so overpriced, or do they think that someone will just pay their price w/o pulling comparable.Your thoughts on this matter.
Not all homes are considered equal, nor are all lots. Is it a neighborhood where they are still building? Maybe one house was old, and had been on the market for a while, while another is brand new, with nicer features?
Not all homes are considered equal, nor are all lots. Is it a neighborhood where they are still building? Maybe one house was old, and had been on the market for a while, while another is brand new, with nicer features?
nope equal lot size, right next to each other, less sq, same basic upgrades granite, hardwood, etc., built at the same time 2006. No more building in the neighborhood. What will constitute 40000 more asking price?????
As far as the house that was purchased for 312K and 1 month later flip for 399K I guess they are counting on uneducated consumer...
nope equal lot size, right next to each other, less sq, same basic upgrades granite, hardwood, etc., built at the same time 2006. No more building in the neighborhood. What will constitute 40000 more asking price?????
As far as the house that was purchased for 312K and 1 month later flip for 399K I guess they are counting on uneducated consumer...
You can list a house for anything you want...that's a whole different ballgame than selling it.
Although I have no idea what house you are talking about, etc. there are many many factors that might change a listing price for someone:
1. the seller's simply INSIST on a particular price, regardless of what their agent might tell them.
2. Who knows what their circumstances are, maybe they purchased the house and then got "laid off" and now they MUST sell. They are trying to cover their costs.
3. You would be surprised how many 100 percent loans were made this past year, and these are for houses in that price range........the seller's could have to sell now and they may need to list the house at a particular price in order to get themselves out of a difficult financial situation.
There are many other reasons, and yes, sometimes it is just plain greed, but generally speaking people are simply trying to make enough to put down "more" on the next house.
Maybe they are simply in the position to only sell if they get that great price. It is not greed to be only willing to sell if you get a high price.
Nobody has to look at it or buy it.
We considered listing a year early at a slightly higher price
to test the market.
Every car I have ever sold I listed high for a few weeks to
test the market ... Is that greedy??
for their house is irrelevant to the market value. If they got a good deal on it and can turn around and find someone willing to pay a lot more. they are smart or fortunate or both.
The value of similar houses will almost always be different because so many factors affect desirability and no two houses are exactly alike. Realistically, it probably is not going to work out for the seller if they are indeed comparable to the other houses you describe.
Now, the other side of the coin... If a seller DOES have a lot of equity in a house they may be able to afford to pass on a little of their good fortune to a buyer and give them a deal.
Was the transaction a month ago an "arms' length transaction?"
whats an arms length transaction? is it a short sale???
As far as these homes, the sellers are actually paid $425,000 for the house they are listing for $379,000. The $399000 house had several owners...in 3 yr
Well, my question would be what will be a fair offer on either of these homes?? homes are very comparable, do I go by average $ per sf or comparable sales in the neighborhood?
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, so they are trying to make over $80K in less than 1 months, w/o any extra work on the house, isn't it just wrong. Another house in the same neighborhood listed for $379000, house right next to it (more sf, same upgrades) sold for $346000, last few sales in the neighborhood in the past 4 month did not pass $346000 mark.
Your thoughts on this matter.
The price someone PAID...
