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Well, have fun making the monthly payment on a museum piece. You obviously don't like living there and nobody else is going to buy it. Check back in a few years and let us know how it's going.
I'm starting to think this thread was a joke started by someone who found this horribly over-improved listing and just decided to make a joke of it. Or maybe the listing agent that is fed up with a stubborn client?
Whatever the case, there's a serious detachment with reality going on.
Sorry, OP, you come off as a narcissistic pompous fool. Maybe in person you are different? You asked for opinions but argued with almost everyone. Sure hope you aren't going FSBO.
Actually, I hope he is going FSBO. Otherwise I would feel extremely sorry for the realtor stuck with a client who can't face the reality that they've over-improved and over-priced their property, has kitted out their unit with a decor and design aesthetic that's a direct hindrance to selling said unit, and will steadfastly refuse to listen to reason and change anything about the unit in order to help it sell.
I'm starting to think this thread was a joke started by someone who found this horribly over-improved listing and just decided to make a joke of it. Or maybe the listing agent that is fed up with a stubborn client?
I'm going to agree with you. All that's missing in this condo is the champagne glass hot tub and heart shaped bed. I can't seriously believe someone thinks it's "designer" and displays his "exceptional good taste."
Well, have fun making the monthly payment on a museum piece. You obviously don't like living there and nobody else is going to buy it. Check back in a few years and let us know how it's going.
I'm starting to think this thread was a joke started by someone who found this horribly over-improved listing and just decided to make a joke of it. Or maybe the listing agent that is fed up with a stubborn client?
Whatever the case, there's a serious detachment with reality going on.
I was kind of thinking the same thing...is this OP for real? Are those real photos? Can someone really think that way?
This thread just got really amusing. Thanks OP for the laugh.
Enjoy your condo/masterpiece. I don't think you really want to sell in the first place. Maybe you needed your ego stroked and was expecting a ton of replies about how awesome you are. Too bad you are wasting your realtor's time though.
You still have not accepted the fact, that any buyer is going to want financing. To get financing, there has to be an appraisal. No appraiser is going to appraise it based on how much you have invested in it. They are going to base an appraisal on sold similar sized properties in the general area. The appraisal, will not take into consideration all the upgrades you have made. Anytime anyone over improves a property far above similar condos in this case, in your neighborhood. The features you have, are not adjusted for. They will adjust for differences in size, in differences in number of bathrooms, bedrooms, etc. If the unit is in bad condition, this will be taken into consideration. However when someone has over improved a property, those over improvements are not going to be considered, when it is the only over improved property in the area.
REASON: You have over improved a lower priced property, and it has no comparable properties in the general area. Lenders, are not going to lend based on the over improvements, because if there is a foreclosure, there is no way they will be able to recover the high loan amount. The recent bursting of the real estate bubble, made anything like that a thing of the past, and the regulators tightened up lending requirements.
Get an appraisal by a licensed appraiser, and find what your property is worth.
Stop complaining that buyers don't appreciate your great talent of fixing up a low priced middle of the road condo, into what you feel is a showpiece. Find out what it is really worth, because someday in the distant future someone may come along and offer you your price, and have the sale killed due to a much lower appraisal.
I can tell you right now, you are not going to like the appraised price, and no cash buyer for a property in the area yours is located in, are going to pay cash. Get an appraiser and use it as a guide to price your unit, or take it off the market and quit complaining buyers don't appreciate your unit. When buyers look at condo's in your area of town, they are not going to even consider looking at units that are twice or three times others in the neighborhood.
Another thing that would really help buyers understand the value of the place is some framed artwork. I'd recommend adding a few pictures of white elephants to balance out the color.
Another thing that would really help buyers understand the value of the place is some framed artwork. I'd recommend adding a few pictures of white elephants to balance out the color.
Hahahaha! You got the juices flowing this morning!
Sadly what the OP considers style is actually just gaudy. He mentioned a bit of Japanese style; how many people are interested in Japanese style in his city? I thought this condo would be more appealing somewhere like Hong Kong.
Just because you know how to buy a gold sink (????) doesnt make one stylish. In order to sell a home or condo, the first thing you have to make it is inviting and warm and make people envision themselves living there. There is nothing of that in these pictures. And then theres the price, as has been mentioned numerous times.
I imagine his condo neighbors are getting a pretty good laugh at this listing.
OK, seller: I'm going to be mercilessly honest, because someone has to be, OK? So please take this in the helpful spirit with which it's intended. My wife and I have owned (and sold) a condo ourselves, along with a couple of houses over the years. We live in the DC area, hardly a bastion of conservativism. Here goes.
Bad news first:
I commend you for expressing your individuality, but individuality is just that: specific to an individual. No one else is going to pay extra for it. It would be like paying full price for a custom-made suit that was tailored to someone else. To many people, much of the decor in your condo is hideous. It looks like a 1970s porn set, a gay bar, or a bar adjoining a gay-porn set. I refer specifically to the red barstools that look like martini glasses; the purple couch; the yellow chairs; the vaguely testicular lighting dangling obscenely in the corner; the gray shagadelic carpeting; the teal wallpaper; the old-lady chandeliers hanging everywhere; and the one bathroom that looks like a Kim Jong-Un's Poo-Poo Palace. You were bold and brave in your choices!
The good news:
Most of this stuff you can easily remove. Rip out the carpet, throw in some subtle Danish-looking furniture, and your living room will go from Boogie Nights to Mad Men. In the other rooms, get rid of anything white. To most people, white furniture/fixtures belong in the bathroom or the kitchen but nowhere else.
If you have hardwood under the carpeting, that's very good news, and seeing that instead of the shagadelic rug will make a huge difference.
The beige bathroom is actually nice. You probably think it's boring. Most people want boring.
I actually like the dark wood in the kitchen and living room--but it is very masculine and still a bit '70s Sweden. I picture Benny from ABBA mixing a tequila sunrise in there. Right before he fires up "Debbie Does Dallas" on the Betamax. But again, if you fix the other stuff (and maybe paint a couple of walls white in the living room), it won't seem so dark.
The one bedroom is not bad. You only need to lose the chandelier, the plant, and the gold thing behind the bed.
Last edited by Carlingtonian; 11-11-2014 at 06:40 AM..
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