Buyers Prefer REO Pricing

by | Sep 22, 2010 | Jim TV, North County Coastal | 9 comments

Another reason why additional REO listings could ignite sales is because they tend to have recent money invested in them.  The former owners didn’t get to the finish line on this one, but close enough when you include an attractive price too:

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Jim the Realtor
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9 Comments

  1. SD_Coastal
    SD_Coastal on September 22, 2010 at 10:44 am

    Is it me, or does $750K sound really, really cheap? I’m guessing it’ll go for over $800K.

  2. Sol
    Sol on September 22, 2010 at 11:15 am

    This contemp is getting warmer. Cut the square footage and the price point by about a 1/3 and it would be talking to me.

  3. vegasandre
    vegasandre on September 22, 2010 at 2:46 pm

    This is a 550-600k house. Needs 100k in work including pool. Even if it sells for over list (which would be par for the course) . that is all its worth.

  4. Jim the Realtor
    Jim the Realtor on September 22, 2010 at 5:06 pm

    Thanks andre – how much in vegas? $50K?

  5. Tom Tarrant
    Tom Tarrant on September 22, 2010 at 5:33 pm

    That kitchen is from Ikea, not really known for high quality cabinetry.

  6. François Caron
    François Caron on September 22, 2010 at 6:57 pm

    I’ve just moved into an apartment with the original 1965 kitchen cabinets. The doors may not be all level, you can see the hinges from the outside, but man are they ever solid! No cheap laminated particleboard or flimsy hardware here!

  7. SD_Coastal
    SD_Coastal on September 22, 2010 at 7:32 pm

    Come on Andre, you can be a Bear on real estate without being absurd. 3100sq ft in 92008 with a view for $550K? $177/sqft? Not in this lifetime.

    Why does it NEED a pool? $100k in work? You’re contradicting yourself, why would you pour $100k into a $550k house?

  8. vegasandre
    vegasandre on September 22, 2010 at 8:36 pm

    Just calling it as I see it. Never said I was right (but I usually end up right- 96.5 % of the time- just ask my wife and kids 🙂 )

    That yard is pool perfect
    pool/spa -50k
    landscape rear-5k
    redo patio -2 k
    bibbq-4 k
    remove fireplace and re engineer entry -5k
    complete master bath- 5k
    new carpet in bedrooms- 3k
    paint interior-4k
    large built in subzero/kitchenaid- 6k
    misc – 10k

    ok so its around 95k but I am guessing the fireplace removal structural switch could be more.

    Cmon Jim that home would be worth at least 75k in vegas!

  9. Geotpf
    Geotpf on September 23, 2010 at 7:22 am

    Those kitchen cabinets look like tool chests to me.

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