Follow the link above to also view just sold sales information for 624 14th Green Drive. It also sold on May 11. The final ask price was $1,595,000 and the sales price was $1,418,750, 89% of the listed price. The initial listing price was $1,695,000 when the property was first placed on the market in June of 2011.
These two new sales indicate that sellers in the upper price ranges, over one million, in Incline, are still stubborn about listing at realistic market prices. In general they list too high and go fishing for uninformed buyers. The listing, more often than not, becomes stale and overlooked. These sellers have to be made to realize that buyers now have fantastic tools to determine fair pricing. The good old boy days when buyers did not have prior and current sale information within an area, at their fingertips, are long gone. Tools like Zillow.com, Realtor.com, Trulia.com, and online county public record searching tell the story and provide valuation models as a base to measure a fair sales price.
I have always thought that investment in a professional appraisal is golden for higher priced custom homes. Most are unique, with varied features / specifications, and need a thorough valuation analysis to accurately price them.
If you are considering listing your home and would like an in-depth professional appraisal to ensure accurate list pricing, contact me for a listing presentation that includes that level of service. When a seller can present a recent, state licensee appraisal, to a buyer, both parties can feel better about settling on a fair price for the deal.
Thank you for viewing the Lake Tahoe / Incline Village / Crystal Bay Real Estate Blog. For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.
