Arizona Distressed Properties Over $1,000,000 - 7004 N Invergordon Road - King of the Hill

Dave,...

You are a Google Maniac. You are so true to the Generation X mind set.  (that's another blog)  .  About 2 weeks ago I talked with very reputable remodeler in Scottsdale.  He lives in the Carefree/Cavecreek area and told me that the market for $1,000,000 homes is definitely going up, so your interest could be ahead of the curve.  YOU ARE DOING YOUR RESEARCH.   

I also saw this week that Phoenix now has the designation of being number for the biggest drop in home prices in February.    More than Detroit.   The thing about Detroit is alot of those homes are older homes, and the majority of the homes in Arizona have probably been built more recently.  The new development in Detroit usually goes outside the city, into the suburbs.

...but keep in mind something I recently observed.   I was asked to consult on a nearly $1,000,000 property that had been on the market for the last year, and it was vacant.  Never staged.  The house of course was very unique, but  I had a verrrry difficult time looking at the listing trying to determine what the rooms were, or their sizes.    Vacant properties do not indulge the buyer's taste buds for a bite of something more.  They are stale, and offer nothing but empty wall spaces. 

I did not stage this property, and it is still not staged,..but the price did drop.   The price drop could have more than paid for the staging, and more than likely would have sold by now.  The agent would have gotten a commission, and the sellers could have mored on.  

The point I'm trying to make is this, if you're selling a property like this, no matter how beautiful it is, most buyers want to be seduced today!