Does anyone else remember the “Alcoa Presents – You Make the Call” segment from NFL broadcasts during the 1980s? You’re shown a video clip, there’s a cutaway to the Alcoa ad, and them you come back to find out the answer?
Alcoa’s not sponsoring this so you’ll be spared the ad … nevertheless, here’s your chance. You make the call.
Last year I listed and sold a home in Estrella Mountain Ranch for $300,000. We ended up selling slightly below the going market because my folks were in a hurry to get moved to Pennsylvania.
Today I’m going through the listings and find the same house vacant and listed for sale. The list price? $300,000.
This home’s listed at the same price as it sold for a year ago because …
a) the sellers are determined to get what they paid regardless of what has happened in the market the past year
b) the sellers have no idea how far values have fallen in Estrella in the past year
c) the listing agent accepted the listing at far too high a list price under the old theory of any listing’s a good listing as long as you get sign calls and can get buyers
d) nobody looked at the comps to see what the house really is worth
e) none of the above
Personally, I’ll discount “c” because having worked in cross-sales with this agent I never got the sense that’s how she operated. I could be wrong, though.
In any event … the comments are yours. You make the call.
[tags]Phoenix real estate[/tags]