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Amusing real estate listing

April 14th, 2008 by Kenric

I came across a real estate listing that made me laught out loud and I felt was worth a post.

MOVE-IN READY, TURN KEY, BRAND NEW EVERYTHING !!
THIS PRICE IS A JOKE!!!!!!!!  – IT’S *WAY BELOW MARKET* FOR THE QUALITY OF THIS HOME.
Don’t Miss!! 2X Luxury home tour winner !!!
Reduced $250,000, only because of the media, not the home.   Fastest appreciating Zip Code…

I have to admit that what caught my attention was:

Reduced $250,000, only because of the media, not the home

I’ve never heard that one before.  Oh no! The media has reduced the price of the home.  It’s not the home’s fault, it’s the media’s fault.  I mean seriously what does that sentence even mean?

Ok aside from that ridiculous statement I did some research on the home to see how the other statements stack up.

Fastest appreciating Zip Code

This home has been on the market for over 300 days.  Here is a list of price reductions:

Price Reduced: 06/26/07 — $1,149,000 to $1,099,000
Price Reduced: 08/17/07 — $1,099,000 to $1,039,000
Price Reduced: 09/17/07 — $1,039,000 to $998,000
Price Reduced: 09/28/07 — $998,000 to $997,900
Price Increased: 10/05/07 — $997,900 to $999,000
Price Reduced: 10/13/07 — $999,000 to $998,000
Price Increased: 10/18/07 — $998,000 to $999,000
Price Reduced: 10/25/07 — $999,000 to $998,000
Price Increased: 11/12/07 — $998,000 to $999,000
Price Reduced: 12/28/07 — $999,000 to $998,000
Price Reduced: 12/31/07 — $998,000 to $977,000
Price Increased: 01/12/08 — $977,000 to $978,000
Price Reduced: 02/08/08 — $978,000 to $949,000
Price Reduced: 03/10/08 — $949,000 to $945,000
Price Reduced: 03/15/08 — $945,000 to $899,900
Price Reduced: 03/17/08 — $899,900 to $899,000
Price Increased: 03/18/08 — $899,000 to $899,100
Price Increased: 03/25/08 — $899,100 to $899,200
Price Increased: 04/04/08 — $899,200 to $899,500

I guess everytime the price increased and decreased it was due to the media. 

So it was priced at $1,149,000 last June and has now dropped down to $899,500.  Yup this is definitely the “Fastest appreciating Zip Code.”

THIS PRICE IS A JOKE!!!!!!!!  – IT’S *WAY BELOW MARKET*

A search of comparable homes shows 3 others listed from $850,000 to $950,000 in the same subdivision.  Yup this is definitely “Way below Market.”

I know that real estate agents need to sell homes.  But just putting ridiculous statements and outright lying isn’t going to help.  Are their people who actually believe these listings?

I did see a few listings that seemed “interesting.”  Another $50,000 price reduction on some condos and they will cashflow.  I saw a condo conversion from 2006 that is still trying to sell out.  I wonder if they are willing to come down to around $70,000.  They were at $180,000 last year and are down to $120,000 right now.

Posted in Making Money Online | 4 Comments »
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