I agree – this has been an educational experience. In fact, something occurred to me as I was looking at houses this evening.
I’m sure many have noticed the sometimes large price difference in similar houses in often the same community. Sometimes an even smaller house is priced much higher than a larger house 2 doors down for example.
I think “owners” in distress figure they might as well list the price high so that it does not get sold, that way they can stay in the house longer – often for free. They don’t want an offer.
At this point I avoid all short sales and most resales.
About a month ago I was looking at an open house in Crowne Hill (Temecula) – it was a nice house in a nice area. About 2300 sq. ft. or so – asking I believe in the mid 5’s. I told the person showing the house – you know there is a much larger house (~3000 sq. ft.) right around the corner in the high 3’s, right?
She says: does it have a built in entertainment center, this house is highly upgraded. Thats’ not doing your job, that’s insulting people’s sensibility IMO.
