Reply to Agent urged us to underprice our house now we regret it

Forum Index » Real Estate

Reply to "Agent urged us to underprice our house now we regret it"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Are you sure it’s not priced correctly? Do you really think you’d get more offers if it was priced higher?[/quote]

Yes a very similar house same layout a few doors down sold for 75k over our list price last month. That one has a bonus screened in porch so we mentally discounted 25k from what we would expect[/quote]

A screened porch costs $40k bare bones. [/quote]

It’s a very small one so we thought 25k was reasonable[/quote]

I’m pricing a small screened porch now. Starts at $40k. [/quote]

+1.  I don’t think the folks saying $20 live in the DC area or have built anything lately.[/quote]

Agreed. $15K buys you a deck in DC and surrounding area. [/quote]

-2. Literally just last week we had a slate patio (20x20) installed in our Del Ray backyard for $8400. Our across the street neighbors had a mudroom/ back porch added for 18k.

You people must be the suckers that keep Harry Braswell in business.[/quote]

I agree.  DCUM is filled with suckers that overpay on household improvements all the time.  It is crazy.  If you spend the time talking to contractors and reading reviews it works out.  But don't hire the contractor driving the pricey car and ridiculous prices.[/quote]

Patios are much much cheaper than decks FYI, since decks are raised structures requiring footings. Patios are ground level and require no foundation

If anything- unless the patio was considerably large (which is not likely  since we are talking about del Ray), that poster overpaid for her patio. [/quote]

Yeah they essentially just laid down stones for a patio, and that cost 8K. A screen in porch requires footings, structure, and wiring as well as the roof and shingles.  From their price, it sounds like the foundation would cost 8000 just to begin with.[/quote]

[b]PP says neighbor got porch and mud room for $18k.[/b] That’s seems more reasonable. My friend in DC paid $25k for huge sunroom with skylights. I paid $125k for a 2 level 700 square foot addition most DC contractors and neighbors say would cost me $300k minimum. I am always dumbfounded by the price people pay in DC. $75k kitchens etc. Paying $30k for an architect that I paid $4k for.[/quote]

I'm pretty handy, use a handyman for bigger projects when needed (vs a contractor), and get multiple quotes for projects actually requiring contractors.  $18K is an insanely low amount for something that requires foundation, electrical, walls, insulation, roofing, etc.  My guess is that the neighbor got shoddy work or a friends/family deal.

The people paying $75K for kitchens are spending $30-40K on cabinets, $10K on appliances, $10K on flooring, etc

I interned for a  high end architecture firm many many years ago when I was in college. Typical architecture fee is 15% for residential project.  So $100K addition would cost $15K, $1M house $150K, etc.  I doubt your project that required $4K architect is same scope as $30K architect.[/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