equity: What Should I Do? Not a Fixer Upper, Not a Gorgeous House, Sorta In-Between - 02/15/11 12:43 AM
If a house is a fixer upper it can be priced accordingly. If a house is gorgeous it can be priced accordingly. There is a market for both types. It's the in-between houses that are harder to sell.
Investors and do-it-yourself warriors love fixer uppers. Almost everyone loves a gorgeous house, especially with today's low prices.
But what about the properties that are in OK shape but need a lot of cosmetics. Nothing is really broken but the house is a little tired. There are many houses like that in Louisville KY.
Maybe needs all new carpeting. Maybe has an aging … (3 comments)

equity: An Overpriced Listing May Be a Sign Of A Future Short Sale or Foreclosure - 07/10/10 02:22 AM
Overpriced listings do not sell in a suppressed or declining market. This should be plain and simple common sense.
Many times the reason for the overpricing is simple math; The loan payoff plus closing costs.
However, the house is competing with lower priced houses that are short sales, foreclosures, or houses with sellers who had equity or cash to get their loan paid off even if they sell at a loss.
Sellers and their Realtor should have a discussion about how long the seller can sustain a house payment while the house is on the market overpriced. If the seller doesn't … (2 comments)