Comments on: Recent Price Adjustments http://seattlecondosandlofts.com/2008/09/recent-price-adjustments Thu, 17 May 2012 21:49:38 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Ben Kakimoto http://seattlecondosandlofts.com/2008/09/recent-price-adjustments/comment-page-1#comment-61488 Ben Kakimoto Wed, 01 Oct 2008 23:54:40 +0000 http://seattlecondosandlofts.com/?p=1628#comment-61488 Sea-sak - there are a number of variables to consider in respect to listing and whether it's a good time to do so. Much of it, though, depends on the need and motivation to sell at this point in time. Depending on their <i>specific</i> circumstances, I have counseled sellers to both hold off listing till we see improvement in the market, as well as, listed properties where the need to sell is necessitated. It really depends on your specific circumstances, so there isn't a single or right answer. On the surface, if you're in a position where selling is not a necessity, it may not hurt to test the waters. However, there is a danger, where if the need/motivation to sell changes, a property that has been on the market will diminish in value and astute buyers will key in on that. This becomes more apparent as the cumulative days on market can now be displayed, which can only be reset if a property is off market for more than 90 days. Also, keep in mind that the average days on market has tripled since last year while fewer properties are being sold. Pricing will be key. Sea-sak – there are a number of variables to consider in respect to listing and whether it’s a good time to do so. Much of it, though, depends on the need and motivation to sell at this point in time. Depending on their specific circumstances, I have counseled sellers to both hold off listing till we see improvement in the market, as well as, listed properties where the need to sell is necessitated. It really depends on your specific circumstances, so there isn’t a single or right answer.

On the surface, if you’re in a position where selling is not a necessity, it may not hurt to test the waters. However, there is a danger, where if the need/motivation to sell changes, a property that has been on the market will diminish in value and astute buyers will key in on that. This becomes more apparent as the cumulative days on market can now be displayed, which can only be reset if a property is off market for more than 90 days. Also, keep in mind that the average days on market has tripled since last year while fewer properties are being sold. Pricing will be key.

]]> By: sea-sak http://seattlecondosandlofts.com/2008/09/recent-price-adjustments/comment-page-1#comment-61484 sea-sak Wed, 01 Oct 2008 23:18:14 +0000 http://seattlecondosandlofts.com/?p=1628#comment-61484 I've looked at most of these places and felt they were over priced for what you get/construction quality. With everything that is happening in the markets - is listing right now a really, really bad idea? I'm getting ready to put my condo on the market. It's completely remodeled - in a great location - - established building - in the upper price range ($690-$725K). Guess listing can't hurt, right? I’ve looked at most of these places and felt they were over priced for what you get/construction quality. With everything that is happening in the markets – is listing right now a really, really bad idea? I’m getting ready to put my condo on the market. It’s completely remodeled – in a great location – - established building – in the upper price range ($690-$725K). Guess listing can’t hurt, right?

]]> By: Ben_Kakimoto http://seattlecondosandlofts.com/2008/09/recent-price-adjustments/comment-page-1#comment-57650 Ben_Kakimoto Mon, 08 Sep 2008 00:21:20 +0000 http://seattlecondosandlofts.com/?p=1628#comment-57650 I wouldn't be surprised if Alex ended up as apartments for the time being considering how the market has turned. I wouldn’t be surprised if Alex ended up as apartments for the time being considering how the market has turned.

]]> By: ssilvyy http://seattlecondosandlofts.com/2008/09/recent-price-adjustments/comment-page-1#comment-57613 ssilvyy Sun, 07 Sep 2008 17:07:33 +0000 http://seattlecondosandlofts.com/?p=1628#comment-57613 I looked last year at the Alex on First, which was going to have big bold prices, not worth the risk for me then (even less so now, with things as they are). A friend in the biz has kept an eye on Alex for me. Lately she says the developer has interior designers scrambling to scale back all the interior materials to apartment grade. From down payment to rental deposit, that's a big price reduction! I looked last year at the Alex on First, which was going to have big bold prices, not worth the risk for me then (even less so now, with things as they are). A friend in the biz has kept an eye on Alex for me. Lately she says the developer has interior designers scrambling to scale back all the interior materials to apartment grade. From down payment to rental deposit, that’s a big price reduction!

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