So I was going through the hot sheet this morning and I couldn't believe what I saw. It is a $2.6 million short sale.The home was on the market for well over 3 years and was once marketed at a price of $4.2 million. You feel bad for the homeowner for wasting their time and having the home ready to show for almost 3 years straight and now since the agent's couldn't really do their job and sell the home, the homeowner's credit is going to be messed up messed up for the new few years because of this short sale.Is the financial problem not only effecting middle America but also the upper end? I would love to hear your thoughts on this.
Cooper Jacobs - Seattle, WA
206-850-8841
Interesting...That is quite a drop, too - wonder if the bank would even consider approving any offers that come in. Short sales are tough and a lot of people are losing their shirts.
Mar 10, 2008 07:33 AM
William Pitt Sotheby's International Realty - Danbury, CT
Realtor - Danbury,CT Area Real Estate~203-417-0523
Courtney,
Yes it is quite a drop.I don't know if the house is worth that much since I mostly deal with first time buyers in a much lower price range. I was out showing some properties this weekend to buyers that were mostly short sales because that is almost all they can afford in their price range.It is sad. Don't blame the agents that got them in the houses, blame the loan officers who approved them for the loans!
Mar 10, 2008 07:39 AM
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA
Not seen anything outside of what would have been the $1Million dollar range a couple of years ago here in Northern Virginia. Some of the upper end homes in our gated golf course communities are listed as short sales and foreclosures in the $600's.
Mar 10, 2008 07:43 AM
Willinger Real Estate - Wenatchee, WA
This still falls on the owner. The owner should have made the call to drop the price. Responsibility falls on teh owner and not the agent who tried to sell the property or sold him/her the property.
Mar 14, 2008 08:03 AM
Rainmaker
605,357
605,357
Jonathan Hall
Realtor - Danbury,CT Area Real Estate~203-417-0523
Service Areas
Real Estate Resources
Recent Posts
Home Buying
8 days ago
Real Estate General Information
28 days ago
Real Estate General Information
about 2 months ago
Discover the Greater Danbury and Candlewood Lake Real Estate Market. Call or text me for further information about your move,Jonathan Hall-Realtor With William Pitt Sotheby's International Realty 203-417-0523 or danburyrealestate@gmail.com
Comments(4)