The Swamplot Price Adjuster needs your nominations! Found a property you think is poorly priced? Send an email to Swamplot, and be sure to include a link to the listing or photos. Tell us about the property, and explain why you think it deserves a price adjustment. Then tell us what you think a better price would be. Unless requested otherwise, all submissions to the Swamplot Price Adjuster will be kept anonymous.
Location: 1005 Cordell St., Brookesmith
Details: 2 bedrooms, 1 bath; 980 sq. ft. on a 5,000-sq.-ft. lot
History: On the market for 3 months.
Why does the nominator of this bungalow think it’s overpriced?
Okay, then: What would be a better price for this home?
Writes the nominator:
Basically, I just don’t see why this house is so special that it warrants an asking price over $200K. This price range in Brooke Smith is typically reserved for fully-renovated or architecturally interesting homes The listing mentions a remodeled kitchen, but there is no photo of said kitchen. This leads me to believe that it must not be that great if they didn’t think to take a picture of it.
I think a more appropriate price would probably be between $150,000 – 160,000.
How do you think this home should be priced?