Blogging Broker

STRAIGHT SCOOP ON LOCAL POOP sm

I noticed a home today owned by real estate broker (with an out of town address)  has just had another price reduction.

a few other details I observed:

• The home has been on the market for 748 days
• The owner/broker is currently the listing agent and has been trying to sell it himself for over a year.
• The owner/broker had the property listed with another broker previously and after that listing expired the broker/owner RAISED the price $455,000
• The current price is now $605,000 less than the price it was at with the previous broker that had the listing.

The good news for you — the consumer — is: the home is now $960,000 less than the original ask price.

Pretty much sums up the current market trends.

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© Randy “Lazarus” McAtee