Originally Posted by Cofga
And then a week or 2 ago we had a fellow on here who said he had just sold a spec house for the $1.5M he had listed it for just hoping to get $1M. So you never really know what the strategy is.
Right now sellers seem to have dollar signs in their eyes. ...Larry
That was me...we sold it a year ago. Different mkt, as in Waynesville
and in a very pricey, secluded country club community, fwiw. There
are still a pile of million buck houses on the mkt in western NC, plus
the other load that has been pulled off waiting for "summer".
I hope GF gets his deal, but otoh, I have 3 very good custom builder
buds, and all would carry the float rather than sell at less than a
slight gross margin, let alone less than they have in it. This isn't the
subdivision building by national builders, "margining" across a hundred or,
I too would keep the details and arm wrestle closer to the vest, esp
before the deal is done...
Any joint is worth what some buyer thinks it is, but the seller may have
reasons not to move down too severely.