My friend is trying to sell his house

[barnaby33]

Not to pile on too much so I’ll start out with the positive. It seems like a nice starter condo in a decent area. That means its sell-able. The colors are odd, but repainting doesn’t cost that much.

What bothers me is the price. That condo is a decent starter condo for a family. Nothing fancy but like I said you can live in it. Its priced though for the income of someone or two people who collectively make about 125k. How many people, make that? How many couples make that? Isn’t the median household income around 70k at this point? If you made 125k would you feel it reasonable to buy that condo? Remember the boom is over. Nobody looks at that as a path to riches. Its now a place to live.

With credit getting tighter (though it seems temporarily loosened) its going to get harder to sell. Why then has your friend not followed Jim the Realtors advice, “if you have showings but no offers, its overpriced.”

Josh

[barnaby33]

Not to pile on too much so I’ll start out with the positive. It seems like a nice starter condo in a decent area. That means its sell-able. The colors are odd, but repainting doesn’t cost that much.

What bothers me is the price. That condo is a decent starter condo for a family. Nothing fancy but like I said you can live in it. Its priced though for the income of someone or two people who collectively make about 125k. How many people, make that? How many couples make that? Isn’t the median household income around 70k at this point? If you made 125k would you feel it reasonable to buy that condo? Remember the boom is over. Nobody looks at that as a path to riches. Its now a place to live.

With credit getting tighter (though it seems temporarily loosened) its going to get harder to sell. Why then has your friend not followed Jim the Realtors advice, “if you have showings but no offers, its overpriced.”

Josh

[ibjames]

I agree, I have given them advice (not painting the walls) but trying to get them to see that they can cut the price and still take home a nice pot of cash. They want to try to get as much money so they can by in Carlsbad, and I don’t think it’s going to happen.

This is a guy that laughed at me for not getting a crazy loan, but he’s still a nice guy and I want to help him.

[ibjames]

I agree, I have given them advice (not painting the walls) but trying to get them to see that they can cut the price and still take home a nice pot of cash. They want to try to get as much money so they can by in Carlsbad, and I don’t think it’s going to happen.

This is a guy that laughed at me for not getting a crazy loan, but he’s still a nice guy and I want to help him.

[ibjames]

I agree, I have given them advice (not painting the walls) but trying to get them to see that they can cut the price and still take home a nice pot of cash. They want to try to get as much money so they can by in Carlsbad, and I don’t think it’s going to happen.

This is a guy that laughed at me for not getting a crazy loan, but he’s still a nice guy and I want to help him.

[ibjames]

I agree, I have given them advice (not painting the walls) but trying to get them to see that they can cut the price and still take home a nice pot of cash. They want to try to get as much money so they can by in Carlsbad, and I don’t think it’s going to happen.

This is a guy that laughed at me for not getting a crazy loan, but he’s still a nice guy and I want to help him.

[ibjames]

BTW: I didn’t do any research on his area, I was just basing things off of what he told me. He has stated that he has the biggest place in the area, the closest comp is the same as his but it’s a dump, doesn’t have the garage, etc. etc.

So that is where the 15k decrease came in. I was basically telling him to take the price down.

[ibjames]

BTW: I didn’t do any research on his area, I was just basing things off of what he told me. He has stated that he has the biggest place in the area, the closest comp is the same as his but it’s a dump, doesn’t have the garage, etc. etc.

So that is where the 15k decrease came in. I was basically telling him to take the price down.

[ibjames]

BTW: I didn’t do any research on his area, I was just basing things off of what he told me. He has stated that he has the biggest place in the area, the closest comp is the same as his but it’s a dump, doesn’t have the garage, etc. etc.

So that is where the 15k decrease came in. I was basically telling him to take the price down.

[ibjames]

BTW: I didn’t do any research on his area, I was just basing things off of what he told me. He has stated that he has the biggest place in the area, the closest comp is the same as his but it’s a dump, doesn’t have the garage, etc. etc.

So that is where the 15k decrease came in. I was basically telling him to take the price down.

[sdrealtor]

I know this wont be popular but its really not worth getting crazy unless he has to sell asap. There are very few buyers out there this time of year and this year it is even worse. Come Late January there will be more buyers. How many more I dont know, but there will be more.

[sdrealtor]

I know this wont be popular but its really not worth getting crazy unless he has to sell asap. There are very few buyers out there this time of year and this year it is even worse. Come Late January there will be more buyers. How many more I dont know, but there will be more.

[sdrealtor]

I know this wont be popular but its really not worth getting crazy unless he has to sell asap. There are very few buyers out there this time of year and this year it is even worse. Come Late January there will be more buyers. How many more I dont know, but there will be more.

[sdrealtor]

I know this wont be popular but its really not worth getting crazy unless he has to sell asap. There are very few buyers out there this time of year and this year it is even worse. Come Late January there will be more buyers. How many more I dont know, but there will be more.

[nostradamus]

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