Friday, February 06, 2009

Most Listing Prices Are A Joke!

This one just hit the local market today - price tag $1.7 million:

Just about every home that gets listed comes on WAAAAAAAAY to high.

For crying out loud, this home sold at $1.3 million at the peak!

I don't think this house will sell for more than $1.1 million - but, remember, there's no shortage of rich Morons out there. The people who buy these types of homes generally let their flaky wife/life partner pick the house.

As I told y'all 15 months ago - Only Buy A Foreclosure.

Something like 50% of all home sales today are foreclosure related. Wait until that's the case in your hood.

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