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Create A BlogIs the saying true that Imitation is the sincerest form of flattery? |
My poor blog! I already ignored it for a week! Sorry blog! Things have been very busy- the market seems to be bustling a lot more these days! We have offers in on 2 listings, although they are low, but each side is willing to compromise some so we are making progress!
I am having a tough time pulling comps on some future listings, as there were so few sales over the last 6 months. This can be true in any market here in New England, as the Holidays and early winter mean a general pause in people's desires to move. But take that coupled with the "mortgage meltdown" of late summer early fall and boy, there were not many sales. So how do we comp out homes right now?
I asked an appraiser what they do...the banks are certainly looking over appraisals with a "fine toothed comb" so they must be running into the same issue. He said 2 things- 1) Banks are allowing for an area market survey to determine if prices are stable or falling. Certain markets are flagged "declining markets" (Cape Cod being one! Hello investors!!) 2) They are able to go back a little over 6 months if they use more comps than generally required and can use different styles, looking more at square footage, location, and amenities. Now an agent I know got a different story from a different appraiser so it must vary from bank to bank. But the bottom line is local knowledge is so key, whether it's a Realtor or appraiser that is trying to determine value. Values differ from street to street within the same town....the old saying "location location location" could not be more true!
Any appraisers or mortgage folks out there- chime in! Let us know what you think!
lastly- funny story- is the saying true that Imitation is the sincerest form of flattery? If so, then I should be flattered by this:
Description on my listing at 390 Concord Road Bedford: (Pending as of 10 days ago)
HOUSE BEAUTIFUL! Wow- this house will truly surprise you, in a great way! 30x15 southern exposure great room addition unseen from front- full of palladium windows and super built ins. You will live in this room! 2005 granite kitchen w/ island, bar area and glass fronted cabinets. Fireplaced living room. 2 full baths w/ updates. Hardwood floors throughout. Mostly newer windows. Nothing to do here but move in and ENJOY! Plenty of room to expand in the future as well! Easy commute- nr Concord Line
Description of a new Coldwell Banker listing in Bedford:
House Beautiful! Wow! This house will truly surprise you in a great way! Terrific 13x30 family room unseen from the front. Hardwood floors, built-ins and 2 new full baths with updates. Great location on cul-de-sac. Easy commute on Lexington line. Just move in and enjoy. New solar water system. Fantastic walk-in closet! Bike trail.
Hmmmm....I smell a little cut and paste action!! What do YOU think??
Til next time...I vow not to ignore my blog!!
1. RE: Is the saying true that Imitation is the sincerest form of flattery?
I think that you are too nice Suzanne, no one should blatantly plagiarize in that manner and be able to get away with it. Is there such a thing as a Broker-Better-Business-Bureau to report this type of matter?? :-)