Comments on: Whining About the Lack of Interest in Their House? http://www.consumerismcommentary.com/2006/12/01/whining-about-the-lack-of-interest-in-their-house/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sat, 21 Nov 2009 16:42:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: » House Won't Sell? Your Price is Too Low? on Consumerism Commentary: A Personal Finance Blog http://www.consumerismcommentary.com/2006/12/01/whining-about-the-lack-of-interest-in-their-house/#comment-116969 » House Won't Sell? Your Price is Too Low? on Consumerism Commentary: A Personal Finance Blog Wed, 11 Jul 2007 23:59:40 +0000 http://www.consumerismcommentary.com/2006/12/01/whining-about-the-lack-of-interest-in-their-house/#comment-116969 [...] December, I criticized a Kentucky couple for complaining that their house wasn’t selling at the price they were asking. They thought [...] [...] December, I criticized a Kentucky couple for complaining that their house wasn’t selling at the price they were asking. They thought [...]

]]> By: Cujo http://www.consumerismcommentary.com/2006/12/01/whining-about-the-lack-of-interest-in-their-house/#comment-72662 Cujo Tue, 05 Dec 2006 12:54:17 +0000 http://www.consumerismcommentary.com/2006/12/01/whining-about-the-lack-of-interest-in-their-house/#comment-72662 Let me also add: Selling is all about supply and demand. How much demand can there really be for a house in the woods an hour outside of Louisville? That is, I would expect this sort of place to sell slowly even if well-priced, given how few people are probably looking for a property in this location. Let me also add: Selling is all about supply and demand. How much demand can there really be for a house in the woods an hour outside of Louisville? That is, I would expect this sort of place to sell slowly even if well-priced, given how few people are probably looking for a property in this location.

]]> By: Cujo http://www.consumerismcommentary.com/2006/12/01/whining-about-the-lack-of-interest-in-their-house/#comment-72661 Cujo Tue, 05 Dec 2006 12:52:16 +0000 http://www.consumerismcommentary.com/2006/12/01/whining-about-the-lack-of-interest-in-their-house/#comment-72661 This is common when the market turns down: It takes time for seller's expectations to catch up with the reality of declining prices. Sadly, especially as the market continues to decline, most people eventually realize that they've gotten less for their home (and suffered a much longer sell) than if they'd priced it realistically in the first place. This is common when the market turns down: It takes time for seller’s expectations to catch up with the reality of declining prices. Sadly, especially as the market continues to decline, most people eventually realize that they’ve gotten less for their home (and suffered a much longer sell) than if they’d priced it realistically in the first place.

]]> By: saving advice http://www.consumerismcommentary.com/2006/12/01/whining-about-the-lack-of-interest-in-their-house/#comment-72620 saving advice Tue, 05 Dec 2006 07:30:06 +0000 http://www.consumerismcommentary.com/2006/12/01/whining-about-the-lack-of-interest-in-their-house/#comment-72620 I think a lot more people are going to be running into this problem in the coming months where their perception of what the value should be and reality aren't going to meet. I think a lot more people are going to be running into this problem in the coming months where their perception of what the value should be and reality aren’t going to meet.

]]> By: mbhunter http://www.consumerismcommentary.com/2006/12/01/whining-about-the-lack-of-interest-in-their-house/#comment-72364 mbhunter Sun, 03 Dec 2006 05:21:02 +0000 http://www.consumerismcommentary.com/2006/12/01/whining-about-the-lack-of-interest-in-their-house/#comment-72364 I wonder why they don't rent. I wonder why they don’t rent.

]]> By: moneyforsmartpeoples http://www.consumerismcommentary.com/2006/12/01/whining-about-the-lack-of-interest-in-their-house/#comment-72300 moneyforsmartpeoples Sat, 02 Dec 2006 09:33:59 +0000 http://www.consumerismcommentary.com/2006/12/01/whining-about-the-lack-of-interest-in-their-house/#comment-72300 Actually it depends on area where house is located , if there are lot of rich peoples livin near house , they may get high price Actually it depends on area where house is located , if there are lot of rich peoples livin near house , they may get high price

]]> By: samerwriter http://www.consumerismcommentary.com/2006/12/01/whining-about-the-lack-of-interest-in-their-house/#comment-72297 samerwriter Sat, 02 Dec 2006 08:11:31 +0000 http://www.consumerismcommentary.com/2006/12/01/whining-about-the-lack-of-interest-in-their-house/#comment-72297 I completely agree with your comments -- perhaps their $214K asking price might have generated interest 8 months ago when housing was still somewhat hot, but if you always ask for the top range, you'll always run the risk of disappointment. Having said that, it never ceases to amaze me the geographical differences in housing prices. The article doesn't talk about the house's features, but it looks nice in the picture, and 24 nicely wooded acres would be fantastic. I completely agree with your comments — perhaps their $214K asking price might have generated interest 8 months ago when housing was still somewhat hot, but if you always ask for the top range, you’ll always run the risk of disappointment.

Having said that, it never ceases to amaze me the geographical differences in housing prices. The article doesn’t talk about the house’s features, but it looks nice in the picture, and 24 nicely wooded acres would be fantastic.

]]> By: Terry Piatt http://www.consumerismcommentary.com/2006/12/01/whining-about-the-lack-of-interest-in-their-house/#comment-72285 Terry Piatt Sat, 02 Dec 2006 06:04:24 +0000 http://www.consumerismcommentary.com/2006/12/01/whining-about-the-lack-of-interest-in-their-house/#comment-72285 I could be wrong, but I don't think there is an existing home in any U.S. market I could afford to buy including rehab if required. I could be wrong, but I don’t think there is an existing home in any U.S. market I could afford to buy including rehab if required.

]]> By: jim http://www.consumerismcommentary.com/2006/12/01/whining-about-the-lack-of-interest-in-their-house/#comment-72273 jim Sat, 02 Dec 2006 04:20:25 +0000 http://www.consumerismcommentary.com/2006/12/01/whining-about-the-lack-of-interest-in-their-house/#comment-72273 I'm waiting for the comic book market to turn around too and I'm getting desperate... I'm waiting for a fair bid on my collection one day. Maybe CNN Money can help. :) I’m waiting for the comic book market to turn around too and I’m getting desperate… I’m waiting for a fair bid on my collection one day. Maybe CNN Money can help. :)

]]> By: savvy http://www.consumerismcommentary.com/2006/12/01/whining-about-the-lack-of-interest-in-their-house/#comment-72270 savvy Sat, 02 Dec 2006 03:23:16 +0000 http://www.consumerismcommentary.com/2006/12/01/whining-about-the-lack-of-interest-in-their-house/#comment-72270 Their price doesn't seem too bad... the median in their area is $142,500, but the average house doesn't have 24 acres like their house. I say what is keeping their house on the market is the fact that it is damn ugly. The outside is boring and blah and, judging from the background of their photo, they overcompensate for the exterior blahs by with technicolor curtains on the inside. Their price doesn’t seem too bad… the median in their area is $142,500, but the average house doesn’t have 24 acres like their house.

I say what is keeping their house on the market is the fact that it is damn ugly. The outside is boring and blah and, judging from the background of their photo, they overcompensate for the exterior blahs by with technicolor curtains on the inside.

]]> By: Lazy Man and Money http://www.consumerismcommentary.com/2006/12/01/whining-about-the-lack-of-interest-in-their-house/#comment-72250 Lazy Man and Money Fri, 01 Dec 2006 22:08:55 +0000 http://www.consumerismcommentary.com/2006/12/01/whining-about-the-lack-of-interest-in-their-house/#comment-72250 People are only having trouble because they are only looking within a defined geographic area. I'd be having trouble finding something to buy in Beverly Hills, but I could buy plenty in the Kentucky woods. I'd like to try to tap this unmet demand, but I can't move all the features of Beverly Hills to the Kentucky woods. If you can, you'll probably make a lot of money. People are only having trouble because they are only looking within a defined geographic area. I’d be having trouble finding something to buy in Beverly Hills, but I could buy plenty in the Kentucky woods.

I’d like to try to tap this unmet demand, but I can’t move all the features of Beverly Hills to the Kentucky woods. If you can, you’ll probably make a lot of money.

]]> By: Terry Piatt http://www.consumerismcommentary.com/2006/12/01/whining-about-the-lack-of-interest-in-their-house/#comment-72249 Terry Piatt Fri, 01 Dec 2006 21:48:07 +0000 http://www.consumerismcommentary.com/2006/12/01/whining-about-the-lack-of-interest-in-their-house/#comment-72249 And this at the same time tens of millions of Americans cannot find anything on the market they can buy - and nobody even trying to tap this unmet demand. Looks like market failure. And this at the same time tens of millions of Americans cannot find anything on the market they can buy – and nobody even trying to tap this unmet demand. Looks like market failure.

]]> By: moneysmartlife http://www.consumerismcommentary.com/2006/12/01/whining-about-the-lack-of-interest-in-their-house/#comment-72246 moneysmartlife Fri, 01 Dec 2006 21:21:14 +0000 http://www.consumerismcommentary.com/2006/12/01/whining-about-the-lack-of-interest-in-their-house/#comment-72246 They are forgetting that something is only worth what others are willing to pay for it. They are forgetting that something is only worth what others are willing to pay for it.

]]> By: kungfukoh http://www.consumerismcommentary.com/2006/12/01/whining-about-the-lack-of-interest-in-their-house/#comment-72239 kungfukoh Fri, 01 Dec 2006 20:14:57 +0000 http://www.consumerismcommentary.com/2006/12/01/whining-about-the-lack-of-interest-in-their-house/#comment-72239 They're getting "fair" and fair market value confused. They need a good realtor to set them straight. They’re getting “fair” and fair market value confused. They need a good realtor to set them straight.

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