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Amail Amail is offline
Takin' hard left turns
 
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Join Date: Dec 2004
Location: So Cal
Posts: 1,413
I'd had it listed for over six months at $495k, then reduced to $485k with another agent. Some nibbles, but at these prices it's really the developers that would be interested. You just can't make them cash flow at this price point, and that puts a lot of mom and pop investors out of the running.

My agreement with that agent expired. I am talking now with another agent that deals primarily with commercial property and development projects in particular. She had some interested developers at the $500k mark, but so far they just don't seem to want to get off the dime. She suggested that she could just sell them now for me at $480k at an upcoming conference or I could wait until she puts together another developer deal in a couple months.

I told her I was kinda set on the $500k and would have to think about it.

Short story long, these are properties that you have to market to developers. As such, MLS listings really don't swing it.
Old 04-21-2006, 04:39 PM
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