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New construction foreclosure near Ft Bragg

Real Estate Agent with Keller Williams Realty

Today I had a listing presentation with a couple that had made a smart home purchase in a subdivision near Ft Bragg NC in late 2010.  It was a new construction foreclosure listed well below market price.  Unfortunately, a new neighborhood is being built with more square footage and similar amenities right across the street. I sat across the table and told them they might break even if they price to sell. The neighborhood has 18 months of inventory because of only 2 sales in the last year and 6 active listings to compete against.  Usually this conversation is had with sellers in and around Fayetteville NC that purchased at market but they bought $35,000 under market.  It's hard to give the bad news on price but hopefully they don't shoot the messenger.  Did I get the listing? They are interviewing 2 other agents and will let me know next week.  I'll keep you posted. . .

Malcolm Johnston
Century 21 Lanthorn Real Estate LTD., Trenton, Ontario - Trenton, ON
Trenton Real Estate

Good luck getting the listing Kathy, it's finger crossing time.

Mar 01, 2013 11:48 AM
Melissa McKinney
Everything Pines Partners Fayetteville - Fayetteville, NC
Realtor, www.LivingFayetteville.com

Kathy~ I hate to be the bearer of bad news but better they hear the truth up front :)

Mar 01, 2013 01:55 PM
Shawna Green
Keller Williams Realty-Fayetteville - Fayetteville, NC
The key to your real estate needs!

Its tough going out on those listing appointments. Sometimes the truth hurts but like Melissa said, better they know now than at the closing table (if they make it that far!) Good luck!

Mar 02, 2013 08:32 AM
Kim Cabanas
Fayetteville, NC

Good luck I hope you get it!

Mar 03, 2013 03:25 AM