Is it overpriced?

Jul 27, 2014
10:19:51pm

LiveCoug

Is it overpriced?

My house in Utah is finally under contract. It was listed for about 7 weeks and we averaged about 6-8 showings per week. Couple offers fell through until now. Stressful to be sure.

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LiveCoug

Bio page: LiveCoug
Joined: Aug 26, 2001
Last login: May 5, 2024
Total posts: 112,407 (11,456 FO)

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Messages

Author

Time

Brother trying to sell a house in Chandler AZ, only had 3 showings in 3 mo. Is

cougsrule

7/27/14 10:16pm

From what I understand, the market in Phoenix area is hopping.

RyneK

7/27/14 10:17pm

Really? Wonder why so different in Mesa area.

cougsrule

7/27/14 10:20pm

Depends on list price, house condition, etc.

LifeLongLakerFan

7/27/14 10:17pm

RE: Depends on list price, house condition, etc.

cougsrule

7/27/14 10:19pm

Higher end home like that will take some time. Starter homes seem to be moving

blueaussie

7/27/14 10:22pm

sad but true, the market is just sluggish, too many new homes too

LasVegasBlue

7/27/14 10:17pm

Is it overpriced?

LiveCoug

7/27/14 10:19pm

Don't think so...it isn't overpriced or underpriced. Just at market value.

cougsrule

7/27/14 10:21pm

It would be sold if it was at market value

kotacoug

7/27/14 10:24pm

Values dropped in 12 months?

cougsrule

7/27/14 10:25pm

Or he didn't buy at market value a yr ago

kotacoug

7/27/14 10:26pm

1 showing per month is evidence it's not at market value

Rogue Gunner

7/27/14 10:24pm

Interesting that is what the realtor had him price it at.

cougsrule

7/27/14 10:26pm

Perhaps realtor misjudged market value

Rogue Gunner

7/27/14 10:29pm

<< Deleted >>

SuperTank

7/27/14 10:20pm

He is just trying to sale it for what he bought it at.

cougsrule

7/27/14 10:23pm

Then he overpaid a year ago.

wapiti

7/27/14 10:28pm

Selling after 12 months is killer

mosterlow

7/27/14 10:30pm

Job transfer. Had planned to be there for years.

cougsrule

7/27/14 10:42pm

Market doesn't care what he paid for it. Market is nasty like that.

BYUFBDAD

7/27/14 10:52pm

Competing with a lot of new builds in the east valley

kotacoug

7/27/14 10:23pm

Not just the East Valley but the same Development hasn't even been built out yet

CariocaCoug

7/28/14 11:27am

Weird, my house 2 miles from this guy has gone up $25k in the 3 months.

chago04

7/28/14 11:30am

Clarification Asking prices of the homes for sale in Circle G, Queen Creek

CariocaCoug

7/28/14 12:08pm

Zillow says the same about mine... I think they are about 6 mo behind

kotacoug

7/28/14 5:07pm

Depends on the house

mosterlow

7/27/14 10:28pm

He'd probably do better if he was trying to "sell" it.

RichieRich

7/27/14 10:28pm

Ha ha! Got it.

cougsrule

7/27/14 10:30pm

Time for a new realtor.

BYUisLife

7/27/14 10:33pm

A lot more supply than demand right now.

Bravescoug

7/27/14 10:34pm

You're right.

Jeffacka

7/27/14 10:41pm

Yea but qc is out there. I know cuz that's where I'm at.

blueaussie

7/27/14 11:45pm

It is not priced right.

kimchicoug

7/27/14 10:35pm

Here is the link...what should he price it at?

cougsrule

7/27/14 10:37pm

$/sq ft looks a little high...what are the identical Fulton

TXSmith

7/27/14 10:46pm

$445k link...

cougsrule

7/27/14 10:51pm

Nice home....but way tiny garage!

BYUisLife

7/27/14 10:53pm

3 car garage.

cougsrule

7/27/14 10:59pm

doesn't seem like it from the picture.

BYUisLife

7/27/14 11:00pm

Cause it's not the same house....my bad

BYUisLife

7/27/14 11:01pm

My perception of Fulton homes

blueaussie

7/27/14 11:38pm

I live nearby. Houses move especially in the summer. I he's getting no bites

kimchicoug

7/27/14 10:53pm

with no backyard landscaping at all. A $5000k credit for landscaping if you

BYUFBDAD

7/27/14 10:59pm

If he dropped it 10k and put a backyard in you think it would that work?

cougsrule

7/27/14 11:05pm

I don't know the Gilbert market, it's just clear the market is yelling at him.

BYUFBDAD

7/28/14 12:09am

Why put in pictures of the yard

ChubbyChaser

7/27/14 11:05pm

Harsh.

cougsrule

7/27/14 11:12pm

Does it have an income unit?

ChubbyChaser

7/27/14 11:01pm

No. Not sure just the design of the house.

cougsrule

7/27/14 11:03pm

Separated garages...

CariocaCoug

7/28/14 11:09am

I'd get a new REALTOR. They can make a big difference. I had on once that

Thrill

7/27/14 11:28pm

The truth about broker caravan tours.

BYUFBDAD

7/28/14 12:06am

In our case we had immediate results and tons of viewings and a sale

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