Friday, June 19, 2009

Sellers' mistakes when marketing a lake home

Yesterday, while previewing several lake homes that had been placed on our Lake Oconee Agent Open House, one of the homes was obviously "Not Ready for Prime Time". The price?..well over a half million dollars.

I'm assuming that the owner's agent has brought this issue up with them, so what was this owner thinking? Even in a ragingly good seller's market (which is not what we are in, by the way), this house was a disgrace. This home must compete with homes in every price range that have been cared for and kept ready to show on a moment's notice.

If there has been a death or disability in the seller's family, that is understandable, but the house should be priced to reflect its run-down condition, not as if it was a pristine jewel.

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