BakersDozen Posted February 28, 2012 Share Posted February 28, 2012 On a whim I did a search for houses in the area that had one more bathroom and a bit more space than the house we are currently in. One house popped up and it is perfect! It's basically our house layout now but on steroids. :D The previous owner did an addition that is amazing and literally everything on my wish list for my current house is completed in this other house! And the price is unbelievable, too! Now the downer: When our realtor sent us comps for houses that have sold in the area the price range was far below what we had thought we could list our house for. We've contacted the realtor and pointed out that of the four houses he used, three were foreclosures and one is on a very busy street. We've asked if the condition of our house and its location have any factor in the price and he insisted that he could only price our house based on similar houses that have sold. I knew the housing market was bad and that the amount of foreclosures could force our price down yet not to this point! Am I foolish for thinking we could actually price our house 10K or more higher and get an offer? My thinking is that our house is move-in ready whereas the foreclosures are typically in need of moderate to severe work. We've never bought/sold in a market like this so I don't know what to expect or do at this point. Thoughts? Quote Link to comment Share on other sites More sharing options...
sbgrace Posted February 28, 2012 Share Posted February 28, 2012 Foreclosures around here are, indeed, priced lower than owner occupied homes. I'm not sure why the real estate agent can't give you an accurate price point. I wonder if he believes the price he gave you is indeed what the market is currently. Maybe talk to someone else--preferably the agent who is a (or the) top seller in your community. Quote Link to comment Share on other sites More sharing options...
Catwoman Posted February 28, 2012 Share Posted February 28, 2012 Maybe talk to someone else--preferably the agent who is a (or the) top seller in your community. :iagree: Quote Link to comment Share on other sites More sharing options...
Unicorn. Posted February 28, 2012 Share Posted February 28, 2012 :iagree: Me too. Find a different realtor. Technically, you can ask whatever you want. And he should be looking for non forecloser comps if available. However, if your area is experiencing a lot of foreclosures, it might be a waste of time trying to sell right now. Quote Link to comment Share on other sites More sharing options...
ThisIsTheDay Posted February 28, 2012 Share Posted February 28, 2012 I'd get opinions from two other realtors before choosing which one gets your listing. It won't necessarily be the one who says they will list at the higher price, but you might find a better fit for you than your current realtor. Quote Link to comment Share on other sites More sharing options...
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