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. . .
This entry hasn't been re-blogged:
Re-Blogged By Re-Blogged At
- Topic: ActiveRain Community
Find what you need?
See More Blog PostsAbout Real Estate! SEE MORE NOW!