Listing Saturday...

By
Real Estate Agent with Coldwell Banker Sea Coast Advantage~ Ginger Harper Real Estate Team 93383

Well, today I was called by a potential seller to come and see his house and to list it.

These folks bought this property in 2005 for a high price.  I have run the comps and find that the property will not sell for what the sellers have paid for it.  That makes this hard.  I do not like to go to a potential seller and tell them that they can not get out of the property what they have put into it.

WE will see.  I will let you know what happens..

 

Ginger of SunSet Harbor

 

Comments (6)

Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Hi Ginger!  Best of luck with this one--this is a tough call.  Going short-sale could be an option if they're struggling financially as well.

Debe in Charlotte

Jul 18, 2009 01:36 AM
Dick and Dixie Sells
Sells Real Estate, LLC - Trinity, FL
Realtors, Tampa Bay Florida Homes For Sale

It is a conversation we have to have all the time. Upside down is not a fun place to be. As Debe says, short sale is one option if they can't bring $$ to the closing. Renting the house out is another if they have to move. Good luck - motivation to sell will probably be the deciding factor.

Dick and Dixie Sells

Jul 18, 2009 01:42 AM
Bill Gillhespy
16 Sunview Blvd - Fort Myers Beach, FL
Fort Myers Beach Realtor, Fort Myers Beach Agent - Homes & Condos

Morning Ginger,  They probably already know pretty much what you are going to tell them. It is what it is !

Jul 18, 2009 02:33 AM
Debra Cernick
DeShazer Ryan Realty - Libby, MT

Ginger-- Boy- these are hard times for past clients.  But I still wonder how the decrease in price goes up against the money they had (key wor word HAD) in the stock market. I mention this in these situations.

Jul 18, 2009 02:48 AM
Liz Loadholt
Liz Loadholt- AgentOwned Realty- Covering SC - Mount Pleasant, SC
Realtor--Broker-in-charge - Trainer--Relocation Director Covering SC

Ginger --- Like Debe said -- this may a short-sale possibility --- unfortunately, in the Charleston area, we have been seeing a lot of this.

Mama Liz's Signature

Jul 18, 2009 06:38 AM
Ginger Harper
Coldwell Banker Sea Coast Advantage~ Ginger Harper Real Estate Team - Southport, NC
Your Southport~Oak Island Agent~Brunswick County!

I know...I am  workingona short sale now.  It is hard to bring them to closing.

 

Jul 18, 2009 02:01 PM