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Showdown on Baroque

Posted By Jim the Realtor On March 19, 2009 @ 7:01 am In Thinking of Buying?,Thinking of Selling? | 9 Comments

[1]When I was discussing with the private-party owner of this 4 br/2.5 ba, 1,999sf house on Baroque in Oceanside, we thought $399,900 was an attractive price – she had paid $565,000 in August 2006. 

There’s a 2,300sf house across the street that backs up to the slope instead of having a view.  It listed last month on the range $375,000 to $425,000, and went pending after nine days. 

My listing is at the very end of the culdesac, and has this view:

[2]

 

 

 

 

 

 

 

 

 

But we’re not taking it for granted, the seller also had new paint and carpet installed, and it’s vacant/easy to show too.

As the carpet installers were wrapping up on Monday, an agent called who was listing a home down the street.  She said it was a 3 br/2.5 ba, 1,739sf house, and her manager told her to consider all the comps (she had 23) and then knock off 5% because it’s a short sale.  She thought she’d be listing it around $320,000 to $330,000.

[3]Instead, on Tuesday it hit the market at $306,750.

We had thought our $399,900 would look pretty attractive, but now we have our hands full.

There’s also another sign in front of a foreclosed property on the street that isn’t on the open market yet. 

What we thought to be a manageable sale has now turned uncertain.  If you are thinking of selling, one of your biggest concerns is the other potential sellers nearby mucking up your chances - get it done!


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