WOW! I learned 4 Hollow Ct sold for $1.255 million; closed in July 09. This house was originally listed for $1.899 million and took a long time to

Interested Dog
Other/Just Looking
Nassau County, NY

sell. The house looks nice and is on a cul de sac. Is the housing market that bad, was this house just tremendously mispriced? Comments appreciated.

Answers (5)
Best answer: Alan May
First to answer: Alan May
Edith Katz, Lic...
Agent
Port Washington, NY

Dear Interested Top Dog:
This home is in a beautiful Sands Point neighborhood and you are right, it is in a quiet area and it was in excellent condition. There are deals to be had and they are there for various reasons. Most homes that go on the market do end up having to reduce their price tag. It is still a buyers' market out there. Inventory is still high and the 1+Million dollar homes have been hit the hardest. Many homes are one of a kind and it is sometimes difficult to price them just right. Days on market have gone up too. If it is priced to sell in this market...it will sell. BUT, I have had to sell some of my listings 2 & 3 times...first the buyer loses his job, then the next buyer was preapproved for a mortgage 2 months ago...we agree on a price for the home only to find out the bank has changed their criteria and now the buyer cannot get a mortgage. These are unsettleing times with high unemployment and nervous banks because of all the foreclosures coming.
So, Mr. Interested Dog...If you want to go over the inventory and find some great buys...please call the office 516-883-7780 x 218
Sincerely, Edith E. Katz

Sat Oct 31 2009, 19:40
Lynn911.com Dal...
Agent
Dallas, TX

Difficult to determine if home is over priced contact a local Realtor who can comp home.

However many are aware across country $1 million homes are difficult sale, families don't want take risk. I have noticed in Dallas lately these homes much more % than homes sold for less than $500K

Lenders are not wanting take gamble stuck with Million foreclosure.

Celebrity homes in media show huge reductions in list price.

National Featured Realtor and Consultant, Texas Mortgage Loan Officer, Credit Repair Lecturer
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http://www.lynn911.com

Sat Oct 24 2009, 13:51
Allen Bauman
Agent
Nassau County, NY

You people have just too much time on your hands! Get out there and pee on some lawns, AARF.

Sat Oct 24 2009, 08:11
Bill Eckler-Flo...
Agent
Venice, FL

Definitely worthy of a tail wagging grin..........

Sat Oct 24 2009, 07:58
Alan May
Agent
Evanston, IL
BEST ANSWER

I have no idea about this house. I just came across this question, and thought that yours was the best Icon and Screen Name "ever!"

Nicely done. Good boy... good boy!!

Sat Oct 24 2009, 06:51

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