HOW TO NEGOTIATE THE MANY COMPLICATED EMOTIONS INVOLVED IN LISTING YOUR NOTTINGHAM FOREST HOME From the new listing for 302 Hickory Post Ln., posted yesterday: “Build your dream home here! This is a remodel or a tear down! Your choice. The Lot is amazing and is nestled at the end of the culdesac and backs up to the bayou. This was the only time the home ever flooded! Serious buyers only! Please don’t waste our time with low ball offers!” [HAR; previously on Swamplot]
A million for less than half acre lot on the WRONG side of beltway? No low-balling? Someone is smoking crack. $500k might be a fair market price.
maybe start by not listing a “lot value” sale for twice what the land is worth.
I guess that’s why they say you shouldn’t list your own home. Or have your family do it… I’m sure it’s a beautiful lot, though. And sucks that it flooded. But you can get an updated 3000ft2 that didn’t flood in that area zoned to better schools for that price (smaller lot, granted).
Notice how the default satellite map on the HAR listing has the street underwater.
This is probably the worst example – but there have been a handful of homes in the Energy Corridor/West Memorial area that have hit the market in the past week, at prices that represent little to no discount from a pre-flood market price.
This doesn’t help anyone. People shouldn’t give away their homes for pennies on the dollar, but they need to list them for realistic prices, so that they can be bought by individuals or investors who will rehab them and help the neighborhoods bounce back.
What kept the carp from escaping the pool?
There’s another “lot / bones home” in that neighborhood for $370K. Granted the lot is half the size and it’s not on a cul-de-sac but still.