Reply to Has the market cooled down drastically?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][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]

[b]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.[/b] [/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]

I'm not sure if it's that obvious.  If the 30 year old homes were well built and well maintained and you have a cheap looking low quality new build McMansion, then I'm not sure yours should be valued at $100K more.   Again I'm not saying that your place is not worth $100K more than much older houses; it's just that I can definitely see scenarios where they wouldn't.[/quote]

NP not everyone hates large new construction. Just a thought![/quote]

Sure.  But most people hate shoddy construction, whether large or small.  And OP leaving after such a short period is going to increase fears (fairly or not) that there are problems with the house.[/quote]

AS someone else pointed out, this area is full of transients. Most homes selling where I live have all been built less than 5 years ago. We are moving from our townhome after 2-3 years because we want more space. As I'm looking at other properties being sold after a few years, I don't immediately think something is wrong with the home as much as the people are being transferred for jobs, moving away, divorce etc...[/quote]

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