This one ended up selling after about $100k of price drops.
About $50K under the zillow estimate - or at least that's what the asking price got down to before it sold. For awhile they were chopping $20k off the price every week.
$50,000 later after a stop or two down the line: $699,000
And finally, after a few more stops, $659,000 $659.000
I'm pretty sure it got to $649,000 before selling, but can't find any refference to it. Never did go in the house, but the outside is really well kept, you have some vies of Lake Sammamish, and it's not a bad neighborhood. The biggest obvious problem is road noise.
Right now there's another house around the corder from it:
$834,000 - I think they're going to take a at least a $100k haircut to sell. I just don't see anything that meks it almost $180k nicer. Slight better views, larger, but less usuable lot. It'll be interesting to watch it play out. I'm getting better at predicting sales, but still miss some badly from time to time.
This one ended up selling after about $100k of price drops.
They are friends of mine from church. Husband lost his job, got a new one in Portland, and had to move. He had been living in an apartment in Portland for two months during the work week while waiting for their house to sell.
Every Sunday at church I could hear them talking about their house. They were sweating bullets. They assumed that they would sell fast, since another friend of our sold after 1 day on the market. The difference was pricing. My wife told them the tactic we used to sell a few years ago: price low and let buyers bid it up.
I'm pretty sure their realtor was pushing them to price high. I think they also trusted them the realtor to do their homework for them. Fortunately they were smart enough to wait to sell before buying another house.
Check out MLS# 27017740
Asking price has been lowered by $80k in about 2 months.
I've been to the house - it's actually really beautiful. No backyard, but who in the Highlands does have one?
This home serves as a great example of what happens when you price too high from the start. I remember when it came on the market...it was around $750K originally, I believe...I remember thinking that, at the time, it was priced too high by atleast $25-$50K. If it had been originally listed for atleast $25K less, it very likely would have sold many months ago. Now, it's going to sell for much much less. A great lesson in why it's so important to price it right from the start.
Check out MLS# 27017740
Asking price has been lowered by $80k in about 2 months.
A friend of mine who has seen the house had this to say -- "the house is very nice but there is no privacy as the master bedrooms, living/dining rooms face the street (anybody walking on the sidewalk or staying in apartments across the street can see in)". This issue + the high asking price may have kept the home on the market for too long.
what do you think is the right price. It has the lowest $/sq.ft price in the highlands
I think it will sell for 599K in another month. Wont go below that.
$834,000 - I think they're going to take a at least a $100k haircut to sell. I just don't see anything that meks it almost $180k nicer. Slight better views, larger, but less usuable lot. It'll be interesting to watch it play out. I'm getting better at predicting sales, but still miss some badly from time to time.
Comments
And,the current asking price is $660K
This one ended up selling after about $100k of price drops.
About $50K under the zillow estimate - or at least that's what the asking price got down to before it sold. For awhile they were chopping $20k off the price every week.
Here it is at original price of:
$751,000
$50,000 later after a stop or two down the line:
$699,000
And finally, after a few more stops, $659,000
$659.000
I'm pretty sure it got to $649,000 before selling, but can't find any refference to it. Never did go in the house, but the outside is really well kept, you have some vies of Lake Sammamish, and it's not a bad neighborhood. The biggest obvious problem is road noise.
Right now there's another house around the corder from it:
http://www.redfin.com/stingray/do/print ... id=1008726
$834,000 - I think they're going to take a at least a $100k haircut to sell. I just don't see anything that meks it almost $180k nicer. Slight better views, larger, but less usuable lot. It'll be interesting to watch it play out. I'm getting better at predicting sales, but still miss some badly from time to time.
They are friends of mine from church. Husband lost his job, got a new one in Portland, and had to move. He had been living in an apartment in Portland for two months during the work week while waiting for their house to sell.
Every Sunday at church I could hear them talking about their house. They were sweating bullets. They assumed that they would sell fast, since another friend of our sold after 1 day on the market. The difference was pricing. My wife told them the tactic we used to sell a few years ago: price low and let buyers bid it up.
I'm pretty sure their realtor was pushing them to price high. I think they also trusted them the realtor to do their homework for them. Fortunately they were smart enough to wait to sell before buying another house.
I've been to the house - it's actually really beautiful. No backyard, but who in the Highlands does have one?
This home serves as a great example of what happens when you price too high from the start. I remember when it came on the market...it was around $750K originally, I believe...I remember thinking that, at the time, it was priced too high by atleast $25-$50K. If it had been originally listed for atleast $25K less, it very likely would have sold many months ago. Now, it's going to sell for much much less. A great lesson in why it's so important to price it right from the start.
A friend of mine who has seen the house had this to say -- "the house is very nice but there is no privacy as the master bedrooms, living/dining rooms face the street (anybody walking on the sidewalk or staying in apartments across the street can see in)". This issue + the high asking price may have kept the home on the market for too long.
Now it is $622K
http://www.redfin.com/stingray/do/printable-listing?listing-id=476174
I think it's still too high
I think it will sell for 599K in another month. Wont go below that.
Now at $799,000
You have to sign in, but the hilarious part is the text
Are they going to jack the price back up when no one is interested?