New Listings...

[Fernando]

I put a listing up Sunday morning last week and got an over list offer 2 days later in northern VA

Did you list the property low on purpose?

I saw my commercial tenant last week and he asked if I wanted to sell my property.
Sure and he said he will find out about Small Business loan.
Don't know if I can be objective in determining the sales price.
He said he will ask his broker on the price.

 

[Digger88]

over list still happens here although this was only 1k but the contract was as clean as can be

 

[Joe Flacco]

Prices are still going up for the most part. Not like during the pandemic but more like 3% per year. There is a listing near me that was listed for $1.775m last year that expired and now it is under contract for $1.95m. But at the same time there are other houses selling for about the same as 2-3 years ago.

 

[Joe Flacco]

Stable to increasing is how I would describe it. The only exception is condos. Condo market is bad. A lot of developers are pivoting to rentals.

 

[Joe Flacco]

Look at this listing history. Couldn't sell for a whole year in 2024 with list price between $3 million and $4.7 million. This year they listed for $10 million and under contract in 31 days. Changed nothing.

No way this is worth $10. Some wierd stuff going on these days.

 

[ZZGAMAZZ]

View attachment 99981



Look at this listing history. Couldn't sell for a whole year in 2024 with list price between $3 million and $4.7 million. This year they listed for $10 million and under contract in 31 days. Changed nothing.

No way this is worth $10. Some wierd stuff going on these days.

Obviously something rotten. Question: Do automatic valuation services and/or waivers that don't require an appraiser "catch" potential malfeasance like this and/or anything in the prior transfer history of a potential comparable property that might impinge credibliity of the selling prices????

 

[Joe Flacco]

Obviously something rotten. Question: Do automatic valuation services and/or waivers that don't require an appraiser "catch" potential malfeasance like this and/or anything in the prior transfer history of a potential comparable property that might impinge credibliity of the selling prices????

Nope. lol

 

[ZZGAMAZZ]

View attachment 99986

Nope. lol

Presumably based on one transaction.

 

[Joe Flacco]

Presumably based on one transaction.

Based on no transactions. They change it to the list price.

 

[ZZGAMAZZ]

Based on no transactions. They change it to the list price.

WOW. While we get regulated more n more n more, as the last line of defense against unbridled corruption n collusion...