Home Buying in 19422>Question Details

RS, Home Buyer in Blue Bell, PA

Realtor told "Seller needs at least 10-15% appreciation to sell house without a loss so most of the 2004-2006 RE are overpriced.They bought in bubble"

Asked by RS, Blue Bell, PA Fri May 31, 2013

Make logical sense?

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Answers

5
Hi Rahul-Singh23,


I agree! Some homes bought during those years did not appreciate enough to make a profit or break even. I see many Short Sales on the market this 2013 season.

I can assess your property market price if you'd like!

I'm a licensed PA Agent ! I live in FortWashington, PA in beautiful Montgomery County.

Please call or email me in the near future!

GRATEFULLY,

Alexis Jeffries
Liberty Bell Real Estate
Of Jenkintown
Office: 215-885-3332
Direct Phone: 215-237-4147
Email: alexisjrealestate@gmail.com
0 votes Thank Flag Link Fri Jun 7, 2013
Bought our new house in 2007 for 305,000 been for sale 15 months now, can't get 274,900 will have to lower price again. Fortunate we were able to pay cash in 2007 or we would be under water now.
0 votes Thank Flag Link Fri Jun 7, 2013
Did you able to sell?
Flag Thu Jan 9, 2014
it seems some of brand new homes are cheaper than 2004-2006 homes even without starting negotiations or back to late 90's home where seller has some equity so easy to negotiate.
0 votes Thank Flag Link Fri May 31, 2013
At the 50,000 foot level homes lost 40% of their 2005 value in 2008 and beyond.Some locations have experienced some value increases late 2012 and 2013.

Where the 10 to 14% appreciation you refer to fits in is beyond me.
0 votes Thank Flag Link Fri May 31, 2013
So what's your point?
Sounds like you aren't going to change their mind.
0 votes Thank Flag Link Fri May 31, 2013
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