Overpriced Listings.....the age old dilemma with a new twist!

By
Real Estate Agent with PalmerHouse Properties & Associates, LLC 316636

Picture it....Georgia 2013......

The real estate market across the State is experiencing some major transformations. Buyers are scrambling to find homes and Sellers are once again in the driving seat! We're seeing lower Seller paid closing costs contributions and home prices are steadily increasing. Multiple offer situations on well priced normal market sales are becoming the norm....it's definitely a change from two years ago.

Now....please don't mistake me for someone whose too afraid to push the envelope when it comes to pricing. In fact, I think that this market is PERFECT to test the waters a bit....for properties that are WELL WORTH IT!

On the contrary......

Just when is it too much????

I went on a listing appointment on yesterday and visited quite a charming home. It had been fully renovated and included an upstairs loft bedroom, another full bath with a jacuzzi tub, hardwood and natural tile floors EVERYWHERE, a detached man cave that actually looked like a quaint little pub, and 8+ sprawling (mostly wooded) acres! This home has it all.....now for the "iffy" items. Although the pattern on the tile flooring was consistent throughout, there were many types of different hardwoods elsewhere. I think I counted at least four different types. There were quite a few large separation gaps in the floors and three leaks in two separate sky lights (one in the detached mini pub). The bathroom with the jacuzzi tub was actually included in one of the secondary bedrooms. The master bedroom did not have an associated bath (you'd have to use the one downstairs) and the secondary bedrooms were dated. Pushing the envelope on this property would be around $185k. The seller wants to list at $200k.

My philosophy has always been to list what I honestly believe that I can sell....without having the owner want to physically beat me. So, having said that....I tucked my tail and walked away. I surely loved the character that this home has, but some relationships are simply not meant to mesh.....*tear*

 

 

 

 

 

Posted by

 

Paving YOUR way to the American dream....brick by brick!!

 

Logo

 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Georgia
Tags:
metro brokers
newnan real estate
coweta real estate
vanessa calhoun
newnan real estate agents
coweta real estate agents
newnan acreage

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,226,416
Curtis Van Carter
Better Homes & Gardens Wine Country Group - Yountville, CA
Your Napa Valley Broker Extraordinaire

Vanessa

Good post and I admire your walking away. To often we list these and when the sellers starts yelling, why is my home not selling, they sure don't remember this conversation about price. Then they list with the third agent and finally chasing the market, lower the price enough for it to sael. All that time and money could have been better spent, cheers cvc

Aug 01, 2013 12:43 AM #1
Rainmaker
83,032
Vanessa Calhoun
PalmerHouse Properties & Associates, LLC - Atlanta, GA
Your Greater Atlanta Marketing Guru!!

Thanks, Curtis! I thought so, too....still the mini pub just absolutely did it for me! Lol!

Aug 01, 2013 12:50 AM #2
Rainmaker
1,023,915
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Yes wisdom is when we know what we can and cannot do.  Congratulations on walking away for a listing that will not sell.

Aug 01, 2013 01:38 AM #3
Rainmaker
83,032
Vanessa Calhoun
PalmerHouse Properties & Associates, LLC - Atlanta, GA
Your Greater Atlanta Marketing Guru!!

Thanks, Tim!

Aug 01, 2013 01:52 AM #4
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
83,032

Vanessa Calhoun

Your Greater Atlanta Marketing Guru!!
Ask me a question
*
*
*
*
Spam prevention