| OP, can you share the email that you sent to the realtors declining their services? The one that they then replied to saying you were ignorant of the market? I'd like to see what they were replying to before passing any judgment. |
Heck even 22046 is more sought-after given the extremely small size and inventory. |
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In California houses are routinely listed for $100ks less than they sell for. It’s a pricing strategy as people bid and actually often over pay in the frenzy to escalate pricing.
The markets are here are pretty efficient; if your house is listed $400k below its “value”, buyers will bid it up. But if it was renovated in 2014, it’s probably a 30-40 year old home — hardly a good vintage and that renovation is worn and dated. $1.2M might be accurate in our new post-DOGE endless govt shutdown DMV. |
WTF
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Also Spring Valley |
The house is probably much older than 40 years and are things like the roof, plumbing, electrical, siding, and windows updated. 2014 is going to be warn and some appliances at the end of their life. |
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This in and of itself tells you everything you need to know about OP: "My parents have a SFH on a half acre in Mclean (22101), which, for non locals, is arguably the most sought after zip in the DC area."
This is just such an absurd statement. We live in DC and you could literally not pay me to live in 22101. Truly insufferable people and the commute has just gotten worse and worse over the years. There are literally 10 neighborhoods I would rather in live just off the top of my head. But sure, it's the realtor's fault that your parents pretty small and outdated home isn't being listed at the exact number you think it should be. |
Yup -- we live in one of these neighborhoods (Kent, although I call it the Palisades because I think calling it Kent is kind of obnoxious) and I have truly zero desire to live in McLean and neither do any of your neighbors/anyone I know. |
Maybe. But some lazy scummy entitled realtors just want the easy path to a commission and win whether or not there’s a bidding war. It’s very easy for the low-priced home to get scooped up by a buyer represented by the selling brokerage where it never really had a chance to be seen broadly. Especially true if the broker encourages you to leave the house unstaged and basically as is. |
| I think I see OPs parents home and it's a super boring tear down. |
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OP, I get the annoyance with lowballing your house. But you don't get to blast their name all over social media over something as minor as giving you a low estimate. It's not like they've done something egregious to you. How would you like it if you disappointed someone and they decided to destroy you and had the means to do it?
Do onto others and all that. |
But also considering more than 1 agreed that $1.2 million is the right price tells me that's the right number. The other 3 realtors are just agreeing with OP to get the listing. |
Slimeball realtors are a dime a dozen. "don't mess with the livelihoods of others" is bs. Incompetent realtors an cost people hundreds of thousands of dollars. I bought houses using two horrible agents, one who should be banned and people absolutely should share their experiences on line. |
This is so true. |
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