Comments on: Have Overpriced Home Values Prolonged a Recovery?

By: Sundream Estate

Sundream Estate — Sun, 04 Apr 2010 17:45:17 +0000

In Marbella we recently had a vendor put there property up from 400k to 435k so they had some room for negotiation wheras before people would just knock another 10% off the price but the problem was the property was priced to sell at there lowest price, this obviously opens up a big debate

By: repo houses

repo houses — Sun, 04 Apr 2010 06:41:10 +0000

I cant wait till the recession is over and this short sale mess goes away. Have a great Easter!

By: Matt @ Data Recovery

Matt @ Data Recovery — Mon, 29 Mar 2010 15:20:34 +0000

Absolutely home prices have prolonged the recovery – and I’m not second guessing here, I first guessed that.

By: property auction

property auction — Sat, 20 Mar 2010 09:57:10 +0000

This seems to be a reflection of the UK housing market. A lot of areas of the country suffered from highly over inflated prices and these seem to be the places that are recovering the slowest. Though the London property auctions are beginning to get busier and not just from the selling of repossessed (foreclosed) homes.

By: Chartered Surveyors Plymouth

Chartered Surveyors Plymouth — Tue, 09 Mar 2010 10:02:53 +0000

This type of discussion just confirms to me that the prices are still generally inflated. I am concerned that we are in a continued cycle that is eventually going to catch up with again. First home buyers grants is the possible culprit! I welcome others opinion as I am genuinely concerned and I hope I am terribly mistaken.

By: Mesa Chiropractic

Mesa Chiropractic — Tue, 08 Sep 2009 06:58:32 +0000

Interesting read. I think that you may have hit the nail on the head with many owners feeling that their homes are worth more than they really are. Can't be easy for agents to break the news! .-= Mesa Chiropractic´s last blog ..Raindrop Massage Therapy =-.

By: Bealed@outdoor living furniture

Bealed@outdoor living furniture — Mon, 07 Sep 2009 17:39:31 +0000

Greg,
That is exactly what I was thinking. I could not BELIEVE it when my “agent friend” told me that.

But that still begs the question, “Do you think sellers have become MORE knowledgeable regarding their sale price options?”

Thanks,
Bealed

By: Greg Dallaire@Green Bay Real Estate

Greg Dallaire@Green Bay Real Estate — Sun, 06 Sep 2009 21:43:24 +0000

It was sad to hear one comment about their clients letting their home go into foreclosure instead of bringing down there price to reality. What a horrible decision on the part of the owner of the property.

It’s our jobs as real estate experts to set realistic expectations with our clients. If we don’t were setting ourselves and our clients up for failure.

If you price a property correctly it will take little to no marketing effort to sell! Don’t tell your sellers that but it’s reality.
.-= Greg Dallaire@Green Bay Real Estate´s last blog ..Howard Suamico Wi School District Why are people drawn to it? =-.

By: BealeD@Outdoor Living Furniture

BealeD@Outdoor Living Furniture — Sat, 05 Sep 2009 16:58:19 +0000

I have watched sellers in my market let homes go into foreclosure rather than take a small loss on the sale. My agent “friends” say that those sellers have to get a certain amount to pay off their existing mortgage(s), or they will lose money on the sale. My standard answer is always, “It does not make sense to let a home be taken over by the bank rather than take a loss of even a small amount of money. Plus, I am reasonably sure that most mortgage companies would rather work out a deal than go through the hassle and expense of a foreclosure.” I Just do not understand why these agents have this mindset (all or nothing) for their clients.

So from reading this, I have a question. How much do you think that home owner “education” regarding the value of their homes, has affected sale price decisions (counters, etc.) and a “need to” price (agents suggestions)?

Thanks,
Bealed

By: San Diego Homes

San Diego Homes — Fri, 04 Sep 2009 17:20:23 +0000

I definitely think that the luxury home owners have been the most reluctant to lower prices. We're still seeing San Diego beachfront property owners who bought their homes in 1998-2000 for $2M expect to get $15M to $30M today. A lot of people are under the mistaken impression that wealthy people will pay anything for location. What's another $10 Million? .-= San Diego Homes´s last blog ..MIA San Diego Foreclosure Properties =-.