fishing3082, Both Buyer and Seller in Safety Harbor, FL

If this property was 220k in 05 when market was good why 250k when market is weak?

Asked by fishing3082, Safety Harbor, FL Thu Jul 26, 2012

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Rumblebutt’s answer
It is a good general question that I just recently asked on the fly as well. The second answer you got was short and to the point - good answer. The first answer was sort of condescending. Yes, it was good times in 2007 but unless you lived in a cave you know what happened since then with housing. We're not in Kansas anymore as the saying goes. Anticipated prices is the pricing that you see at the gas pump, except you don't have much choice in that instance in what you pay. Homes, on the other hand, had better show something to justify the price increase when other homes have lost value the past few years. Look at comparisons very closely. If the realtor tells you about comparisons, instead of showing them to you, upgrades to that house also, etc., then be very cautious. "Well Presented" can be it is truly nice, or it is a good snow job of selling. Safety Harbor is pretty established, so its not like much has changed over these few years. If nothing has been upgraded as Terry mentioned - "FISH" around for something else worth the asking price and more in line with today's market.. The owners can ask whatever they want, but your the one buying, or not buying, and it is what you want that counts.
0 votes Thank Flag Link Thu Sep 27, 2012
Providing any response of value regarding a property that is NOT IDENTIFIED would indeed be a 'FISHING' expedition.

So, lets start with where you are seeing this data?
What makes you think this data is valid?
IF you want real actionable data you may find it beneficial to contact a professional familiar with the area. Those who are serious about real estate decisions will gain access to serious tools with valid data. (Note: the market was GOOD in 07)

NORTH BAY HILLS, Safety Harbor, FL
For single family homes near 2000 SF the value factor is solid at 1.2. A 'Listed' price of $250,000 is not unreasonable for a home that well presented. You are aware the seller is not expecting you to pay suggested retail price ..right? Recent sales WILL support the anticipated 'sold' price of comparable homes.

This home may not be for you.
.
Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group, Palm Harbor, FL
727.420.4041
Let's chat about real estate on: http://www.RealEstateMadeEZ.us
0 votes Thank Flag Link Thu Jul 26, 2012
Hi,

A few reasons...

1. It's overpriced.
2. It's been significantly updated/rehabbed since 2005.
3. The online source that is providing the blind "estimate" is incorrect/not realistic.

Thanks,
Terry
0 votes Thank Flag Link Thu Jul 26, 2012
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