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re: Homes for cash
Posted on 7/24/16 at 9:41 pm to TigerDeBaiter
Posted on 7/24/16 at 9:41 pm to TigerDeBaiter
quote:
Perhaps you think your condo is worth more than it is?
I'm sure that is the case, but I have it listed below market/appraisal value. With the first realtor, I listed it based on what I believed the appraised value would be. 2nd realtor provided an estimated appraisal report and we listed based on that (about $5k lower), then dropped it another $10k over the contract. Now, I have it listed about 10% below most-recent appraisal, which places it about $3-5/sqft under the last sold condos in the area for the last year.
I think the biggest issue I am facing is unless it is a prime area (uptown, garden district, warehouse district, etc.) condos in the area do not move.
3
Posted on 7/24/16 at 10:02 pm to Weekend Warrior79
Appraised value? From a realtor or appraiser?
Most things will sell if priced correctly.
Most things will sell if priced correctly.
Posted on 7/24/16 at 10:15 pm to Weekend Warrior79
I gotcha. I'd focus on recent comps more than appraisals going forward. (Even though appraisals do factor in comps... ) Sounds like that could be tricky if there isn't much action nearby though. Good luck.
Posted on 7/24/16 at 11:46 pm to Weekend Warrior79
If you want to list it again I know a good Realtor in the area. Want his info?
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