Results of Overpriced Arlington VA Condos Picks

Overpriced Clarendon Condos & Real Estate

Results of Overpriced Condos in Arlington VA

For would be buyers of Clarendon Condominiums in Arlington read the Ultimate Buyer's Guide.

For the last 6 months I've picked out occassionally (3 or 4 articles) my picks for the latest overpriced condos in Arlington Virginia focussing on the orange line in Clarendon, Ballston and Rosslyn.  The results are in....

Results of 25 "overpriced" condo picks

• 11 withdrawn

• 5 Sold on average 8.3% below asking price (5% below list price is the norm from previous months)

• 8 Active listings

• 4 of 8 active listings have dropped their price an average of 5% since original list price

I got almost all of them right.  The unit at 1276 Wayne St I had said needed to be decluttered badly.  When the listing changed hands to another realtor, the condo was emptied out, shined up and then sold immediately at almost the original list price.  The lesson here is that one might want to take seriously the advice given to you by the realtor on these issues.  This home could have been sold months earlier if it had been aggressively decluttered earlier probably....Staging matters and I now make it part of the services I provide by paying for it myself out of my commission on the front end of listing homes.  That's in addition to your home receiving traffic from a website that gets nearly 2500 unique visitors a week looking for homes in the area.  No other realtor can offer you that exposure in addition to the MLS.  It's important to play to win if you are a seller and your first 2 weeks are your best opportunity at getting top dollar.  Always list with your home in top form if you want top dollar.  There is so much money at stake it's worth the hassle!

And if yyou're buying a home contact me...I'll do my best to make sure you do not overpay.

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Date: Tuesday, May, 1st 2007 @ 10:30:24 AM
Views: 4094

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