Posts Tagged ‘overpriced homes’

Homes for Sale in St. Augustine: Why Won’t My Home Sell?

Wednesday, December 8th, 2010
by Sean Hess (Sean@StAugTeam.com), Broker and Manager for St. Augustine Team Realty (www.StAugustineTeamRealty.com).   Join us on Facebook.

Why won’t my home sell?

I was trolling the online forums this morning searching for a topic and I came across this question.  A Broker named Jeffry Goldsmith from Baltimore answered it rarely have I heard something so well said.

“There aren’t bad houses,” Goldsmith said.  “Not one.  There are bad prices.  It might not be a price you like, or can even afford to sell for.  It may, however, be the reality of the situation.”

I will add that while it is true that there are some price ranges that are discretionary (high-end beach front homes or oceanfront condos in our market, for example) price is still key.  When a you place a high list price on a property and offers are not forthcoming, it doesn’t mean a discriminating buyer hasn’t showed up yet.  It means all the discriminating buyers don’t think the home is worth what you are asking. 

There are no bad houses, just bad prices.

There are no bad houses, just bad prices.