Over Appraising??!!

By
Real Estate Agent with Home Towne Real Estate

Do we remember those days?   Two of my properties have  just been categorized that way and it is a hopeful sign that better days are on the horizon for sellers, aside from the short sales and foreclosures.  No, they were not underpriced according to comparables when they were listed.  However, they had been reduced from original listing price as most sellers have done to encourage activity.  Let’s face it, values have declined even since February, 2009 and so sellers have to maintain their viability.  Still, I am hopeful that 2010 will allow some of these people who want to retire to do so and for those who wish to make a move that will benefit their family to get it done.  The $6,500 tax credit should benefit the latter.

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Rainer
14,677
Wayne Raulin
RE/MAX Services - Boca Raton, FL

Good luck geting those over-appraised listings closed!  We could use some signs of recovery.

Wayne Raulin,RE/MAX Services, Boca Raton, FL

Nov 06, 2009 05:12 AM #1
Rainmaker
293,675
Robin Rogers
Robin Rogers, Silverbridge Realty, San Antonio, Texas - San Antonio, TX
CRS, TRC, MRP - Real Estate Investment Adviser

Hi, Kay:

That's happened to me twice this year, too. It is weird.

Nice to see a post from you, Kay! Mike and Peggy send their regards--I was in their old neighborhood last month, visiting friends. 

Cheers,

Robin

Nov 06, 2009 08:51 AM #2
Rainer
9,035
Kay Trimbath
Home Towne Real Estate - Saint Leonard, MD

Thanks, Robin, I think of Peg and Mike often and I still envy them - I think you found them the perfect spot!

Nov 07, 2009 08:35 AM #3
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Rainer
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Kay Trimbath

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