Local real estate agent on CNBC

[The Tim]

Update:

As of October 30, is still not on the market. One of her neighbors is trying to sell though.




330 sqft bigger, 1 year newer, and an asking price the same as what Ms. Giles paid for her place in 2006 ($600,000). Oh, and it's been on the market for over 80 days.

Recently sold comparable properties in the Issaquah Highlands have gone for between $560,000 and $585,000. If Kim G. wanted to sell her home this decade without losing tens of thousands of dollars, it looks like she missed her chance.

[perfectfire]

Somewhat off-topic, but is Ardell ever going to sell her home?

[redmondjp]

[uwp]

[rose-colored-coolaid]

[perfectfire]

I don't think $899,000 has anything to do with the offered price. $899,000 is just the asking price and when it went pending zillow dropped the word "Pending" between "For Sale --" and the asking price. Assuming a 3% realtor fee and 1.78% excise tax, the house needs to sell for approximately $873766.44736842105263157894736842 just to break even. And that doesn't even count other taxes and feed incurred in the purchase and sale. And it also assumes her time is worth nothing (it's been for sale for a few months now).

I wonder if, once it sells, Ardell will do a post on how the sale went. She posts a lot of selling advice on RCG and she's harped on realistic pricing during a slow market, but it still took her almost 100 days to go pending on her own house. On the other hand research shows that agents hold out longer for better offers on their own homes compared to when they are selling other people's homes.

[uwp]

I'm guessing she pulled it off the market. It's been another 3 weeks and Redfin has nothing on it now, same as the county records.

Zillow still says pending, but who trusts Zillow these days?

Edit: I can't even imagine an 800k+ mortgage payment. Ugh, that would be horrible.

[perfectfire]