Quote:
Originally Posted by Tron_fdc
Yep. A realistic realtor is going to make the difference between sitting on the market for 12 months and 2 months. How they market, how they list, the price they use.... it's now time some of the realtors put in the hard miles on their listings.
My neighbour just listed for 1.2 million. I know for a fact he has less than a million total into his house (it's a year old) and although it's a swanky pad with an insane amount of upgrades, I put his chances of selling in the 0-3% range. There are about 10 other listings in my 'hood that are 800+, and NOTHING is selling. Trying to make a buck is totally unrealistic right now.
Unless you are willing to break even or lose, you're not making money anytime soon in this market. It's not Flip this house on A&E.
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In my neck of the woods it's the same. I live in the slums not the ritzy area but a lot of the >750 k homes are still listed at what I'd call 2014 prices. There is a pretty nice house at 900 that's been on the market for 3-4 months at least. Another just popped up at 950
