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ESTAPLACE.COM REAL ESTATE - FREE LISTING SERVICE -
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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Thu, 24 Feb 2005 05:01:31 -0000
/ Author of the message: Gordon Reeder |
Title of the message: |
Re: Overpricing in a Sellers Market
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Text of the message: |
carlton.yates@gmail.com wrote in news:1109114193.684037.91850 @f14g2000cwb.googlegroups.com: > I live in a hot real estate market. My house appraised for $350K (by my > mortgage company) before painting/deck replacement, landscaping, etc. I > have accepted a job offer and will be moving (I can commute until the > house sells.) Houses in the neighborhood range from $1.3M to the lowest > being $635K. My question is... is asking $450K out of line. This may be > a "how long does it take to catch a fish" question. I know there are > many dependencies here but was interested in some feedback before I > meet with a realtor. > Appraisals are one thing. What your house is worth is what a properly motivated buyer is willing to spend for it. That said; The buyer will need to finance his purchase. A bank won't lend more than the appraised value of the property. So if you price way too high, you |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.