http://www.tracyslarealestate.com/market-update-for-eagle-rock-ca-november-18-2008/ Interesting Homes for Interesting People Mon, 12 Dec 2011 19:05:17 -0800 http://wordpress.org/?v=2.8.5 hourly 1 http://www.tracyslarealestate.com/market-update-for-eagle-rock-ca-november-18-2008/comment-page-1/#comment-30 petertom Sat, 22 Nov 2008 00:32:21 +0000 http://www.tracyslarealestate.com/?p=103#comment-30 Hi Tracy, I wanted to let you know that my listing at 1251 Eagle Vista Drive closed yesterday (11/19/08). While I priced it at $739,000, I thought it might go out at $685-695. We were under contract at $687,000 when we got the appraisal back from B of A at $625,000...Luckily the buyers and sellers really wanted to work things out so it recorded at $662,500. The moral of this story? You can only use comparables going back no more than 3 months-period. We fought and appealed to the appraiser but he just wouldn't come up. His reasoning? The comps I used when I took the listing became 4 months "old" by the time we were under contract. Please homesellers-you have to realize what kind of market we're in. If you are realistic you can still sell if you aren't under water. Even then there are ways to get out at a decent price-just not the same price as your neighbor's that sold in June! Hi Tracy,
I wanted to let you know that my listing at 1251 Eagle Vista Drive closed yesterday (11/19/08). While I priced it at $739,000, I thought it might go out at $685-695. We were under contract at $687,000 when we got the appraisal back from B of A at $625,000…Luckily the buyers and sellers really wanted to work things out so it recorded at $662,500. The moral of this story? You can only use comparables going back no more than 3 months-period. We fought and appealed to the appraiser but he just wouldn’t come up. His reasoning? The comps I used when I took the listing became 4 months “old” by the time we were under contract. Please homesellers-you have to realize what kind of market we’re in. If you are realistic you can still sell if you aren’t under water. Even then there are ways to get out at a decent price-just not the same price as your neighbor’s that sold in June!

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