Reply to Where are the “prettiest” areas to live in Arlington?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]38 days is red flag long for a $2M house? I had 2 thoughts about it: the lot is small for that size house, and for $2M, maybe buyers want brand new, not 2 yr old new? [/quote]

Unfortunately yes.  That's the dark side of such a hot market.  Houses sell faster and become stale faster.  This is why initial pricing is so important to get right.  Once you're stale and you get into the cycle of delisting/relisting you lose a lot of potential buyers who assume there are issues.  At $3M+ you have more time.[/quote]

I disagree. I see lots of stuff at 2m+ sitting— including really beautiful homes.  I think the problem with this house is the ugly exterior and lack of yard[/quote]

Sitting because they are priced too high.  I don't say that sarcastically, what I mean is that you need maybe 2-3 dozen serious buyers to see your house before no offer means there is some fundamental issue (price, or another issue with the house).  In a hot market, at $1m, you will get all 3 dozen people in the first weekend.  At $2m you will get them by the second weekend, maybe the third if there's a funky holiday weekend involved.  In a normal market, it may take a couple months for that many buyers to see it - hence it doesn't became stale as quickly, and both buyer and seller expectations are totally different.[/quote]

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