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Real Estate
Reply to "Has the market cooled down drastically?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous] So you are really pretty far out where the housing stock is all thrown up new build that is not very frequently on the higher-end. The lack of density of high-end houses like yours probably means that it will sit and you will need to price it aggressively next time.[/quote] The problem we have is that most homes here are about 30yrs old, and other than a few homes that have been upgraded, many are available for 100K less. Ours is a new community smack in the middle of old homes..Obviously, we cannot sell a new home for the same price as a 30yr old home. [/quote] That's only "obvious" if people perceive your house to be substantially more valuable than the older house. That may not be the case. Your house is fairly new, but is not a new build at this point. People who pay a premium for new probably won't value your house that same way. People may also be worried that you are moving so soon because there is a problem with the house. More generally, a lot of recent construction is pretty shoddy, meaning older houses can be better if well maintained. Those other houses may be more accurate comps for the value of your house than you would like to admit.[/quote]
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