UnThreaded | Threaded | Whole Thread (18) | Ignore Thread Prev | Next
Author: chowpappy Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127660  
Subject: Deciding a Price Date: 7/28/2004 6:26 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Eureka! A place to brainstorm my headaches. I'm trying to decide on an accurate price to sell my house. My problem is I'm hearing from two different camps on what the price should be. The real estate agent I talked to first started telling me I would be lucky to get my money back at 120,000 and was really pushing to not list more than 135,000. Before I listed a week later I had an offer of 140,000 just by word of mouth. That deal fell through but afterwards I asked the gentleman who made the offer what he thought of my house compared to others since he had been shopping. He told me if it were his from what he had seen, he would start at 175,000. My neighbor down the road, who does mortgages is kinda telling me the same thing.

I suspect the truth lies somewhere in the middle. For some reason I'm getting the impresssion the real estate agent has mercenary reasons for trying to talk me into selling cheap. I also think the other camp is a little out of line on their high figures. My property is kinda on the desirable side. I live in the fastest growing area in the U.S. and I have a house on the lake with a slip and a lake view-something everybody moving here wants and there's very little of.

So what I'm trying to make sure of is that I'm not deluding myself one way or the other. Any tips on what to watch out for and how to come to a reasonable decision? I'm one of those people who consider 10k in equity a whole lot of money.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (18) | Ignore Thread Prev | Next

Announcements

Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Deranged Monkey Criticism

RadioShack Afloat on a Sea of Financing
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement