Price reductions should be done in smaller increments until offers start coming in – or if you do a big dump, the agent should be suited up and ready to conduct an effective bidding process. P.S. The agent has since raised the price on this one to $649,000:
Jim Klinge
Klinge Realty Group
Broker-Associate, Compass
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
- 682 S. Coast Hwy 101, Suite #110
Encinitas, CA 92024 - (858) 997-3801 call or text
- klingerealty@gmail.com
CA DRE #01527365, CA DRE #00873197
that looks like good flipper material. It looks like a real plane jane inside. new appliances, interior paint, carpets, some nice hardware and this would look like a totally different house. maybe throw in a couple home depot vanities and you could have some instant equity.
Interesting. 5 sales in that direct neighborhood over the last 12 months per square foot 259,260,282,292,295. This is at 300. (i know, i know, you don’t buy cars by the pound…). Not really anything around for 600k, so it seems like a pretty good deal for a retail buyer that wants to live it it for awhile, but i wonder how a flipper is going to justify putting $20 a foot into it and then shooting for $375 a foot to make the required profit…
Your example is the crossroads where flippers (and their ego) will either keep buying and then push for retail-plus, or back off in the name of sanity.
Sanity? Sanity? Playoffs!? Playoffs!? (Jim Mora voice).