Looking to sell house as Tear Down in Bethesda

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:MoCo builders are sitting on a glut of inventory with not enough demand and the threat of tariffs. That market has really, really, really slowed. They're not anxious to buy property and potentially pay carrying costs for a while.

There's tons of demand in Bethesda. The Bethesda houses that aren't selling have major flaws, but anything decent and reasonably priced sells quickly. Builders have gotten very greedy and are overpricing like crazy, in ways that are not justified by their costs. The market is really favorable for sellers right now in Bethesda, especially closer in (20814, 20816, and some parts of 20817). I know this may be different in other parts of MoCo but Bethesda remains a hot market.

I'm the PP who lives in Bethesda. Not quite. The spring market started as the usual sellers' market, and in March/April, started to really slow down. The expensive end of the market (5-7M) is frozen. The only houses that sold well were the bottom of the market starter homes at ~1.5M (some in As-Is condition).

Now I feel it's a buyer's market... except that a lot of buyers have left the market. So brace yourself, OP.

This post made a lot of sense until the bolded, which calls into question everything else in the post. It's a shame, really, that the PP undercut herself with such idiocy.

What is the problem? This is exactly what is happening in my neighborhood and is what two real estate agents I know say is happening.

I repeat - the bolded section, where OP refers to "starter homes" at ~$1.5m, is idiocy.

How was that all unclear?

I'm the Bethesda poster, and not the OP. Can you articulate why you think starter homes cannot be 1.5M? Because that's what they're going for in my neck of the woods. There isn't much below that, PP. My own house is valued in that range and is most definitely a starter home: very small house, with small rooms, no closets.

Maybe don't scoff at the universe of things you don't know.