Reply to Beach house listing properties 2x+ over comps , worth offer at correct price?

Forum Index » Real Estate

Reply to "Beach house listing properties 2x+ over comps , worth offer at correct price?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]A lot of Corolla homes in NC are sitting. Anyone think it will drop more? Are these homes overpriced?[/quote]

Yes it will drop more.  Yes they're still overpriced.  Look at the sales history for whatever house you're watching - vacation areas are boom and bust.  Right now we're edging out of extreme BOOM territory.  PPP is right that some owners don't care if it sells and are just testing the waters, but for those that want to sell, (and if there's a recession: for those that will need to sell) in the next few years, they're not going to be getting top dollar.

Not that I blame them for trying.  Swing for the fences; it'd be cool to be able to say you made a million on your pandemic beach house purchase as soon as you were done remote working full time.  It has happened for some people and it might happen for a few more.  But do you want to be the mook on the other side of the table making it happen for the last guy in this boom cycle?[/quote]

This home recently sold for $2M! But the owners bought it in 2014 for $4.6M.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics