Comments on: High End Housing The Weak Spot in Housing Market http://www.therealestatebloggers.com/2009/08/03/high-end-housing-the-weak-spot-in-housing-market/ Real Estate Blog, Mortgage, and Development News Fri, 19 Mar 2010 14:56:59 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Real Estate Investment Software http://www.therealestatebloggers.com/2009/08/03/high-end-housing-the-weak-spot-in-housing-market/comment-page-1/#comment-402349 Real Estate Investment Software Sun, 16 Aug 2009 17:29:52 +0000 http://www.therealestatebloggers.com/2009/08/03/high-end-housing-the-weak-spot-in-housing-market/#comment-402349 Something to keep an eye on for an investment perspective. Something to keep an eye on for an investment perspective.

]]> By: Gainesville Real Estate http://www.therealestatebloggers.com/2009/08/03/high-end-housing-the-weak-spot-in-housing-market/comment-page-1/#comment-399428 Gainesville Real Estate Wed, 05 Aug 2009 06:22:26 +0000 http://www.therealestatebloggers.com/2009/08/03/high-end-housing-the-weak-spot-in-housing-market/#comment-399428 I have a bunch of clients and friends that are waiting on cheap high rise condos in naples, fl. I watch the market regularly through Realtytrac and finanlly there are million dollar units that received lis pedens. There just aren't any jobs or income to support properties like this in remote places like southwest florida. 9 out of 10 homes are vacation homes and people spend less than 5 weeks a year in them. I have a bunch of clients and friends that are waiting on cheap high rise condos in naples, fl. I watch the market regularly through Realtytrac and finanlly there are million dollar units that received lis pedens. There just aren’t any jobs or income to support properties like this in remote places like southwest florida. 9 out of 10 homes are vacation homes and people spend less than 5 weeks a year in them.

]]> By: Matthew Smith http://www.therealestatebloggers.com/2009/08/03/high-end-housing-the-weak-spot-in-housing-market/comment-page-1/#comment-399357 Matthew Smith Tue, 04 Aug 2009 23:53:35 +0000 http://www.therealestatebloggers.com/2009/08/03/high-end-housing-the-weak-spot-in-housing-market/#comment-399357 It is interesting because while we are seeing some of this trending in our neck of the woods, I am seeing a strong market for the purchasing of well-priced high end homes. In the comments section of the WSJ article, one of the commenters stated to keep dropping the price until they sell. I find that this is definitely the case, especially in a short sale scenario. If you drop the price low enough, even the high end homes sell. Continue to drop the price and document it with MLS listing histories and price reductions and eventually the buyers will come. Then justify your case to the lender and unload the home. It is interesting because while we are seeing some of this trending in our neck of the woods, I am seeing a strong market for the purchasing of well-priced high end homes. In the comments section of the WSJ article, one of the commenters stated to keep dropping the price until they sell.

I find that this is definitely the case, especially in a short sale scenario. If you drop the price low enough, even the high end homes sell. Continue to drop the price and document it with MLS listing histories and price reductions and eventually the buyers will come. Then justify your case to the lender and unload the home.

]]> By: Peter Eisenmann http://www.therealestatebloggers.com/2009/08/03/high-end-housing-the-weak-spot-in-housing-market/comment-page-1/#comment-399272 Peter Eisenmann Tue, 04 Aug 2009 17:02:12 +0000 http://www.therealestatebloggers.com/2009/08/03/high-end-housing-the-weak-spot-in-housing-market/#comment-399272 We are seeing the same trend in Aiken, SC where 4 years ago our luxury home and estates were a large part of the market. SInce they are such a large part of our history I just wonder what their future is...sad. Pete @ <a href="http://www.rentaiken.com" rel="nofollow"> www.rentaiken.com</a> We are seeing the same trend in Aiken, SC where 4 years ago our luxury home and estates were a large part of the market. SInce they are such a large part of our history I just wonder what their future is…sad.

Pete @  www.rentaiken.com

]]> By: Brandon Green http://www.therealestatebloggers.com/2009/08/03/high-end-housing-the-weak-spot-in-housing-market/comment-page-1/#comment-399032 Brandon Green Mon, 03 Aug 2009 21:22:40 +0000 http://www.therealestatebloggers.com/2009/08/03/high-end-housing-the-weak-spot-in-housing-market/#comment-399032 Unless you're running an orphanage, who needs that much house? Unless you’re running an orphanage, who needs that much house?

]]> By: M Realty http://www.therealestatebloggers.com/2009/08/03/high-end-housing-the-weak-spot-in-housing-market/comment-page-1/#comment-398997 M Realty Mon, 03 Aug 2009 19:00:36 +0000 http://www.therealestatebloggers.com/2009/08/03/high-end-housing-the-weak-spot-in-housing-market/#comment-398997 Im glad the high end market is dying, I feel that the massive expensive houses and McMansions are unsustainable and an overall bad idea. Environmental concerns aside, the luxury homes aren't good for anyone. -Tyler Im glad the high end market is dying, I feel that the massive expensive houses and McMansions are unsustainable and an overall bad idea. Environmental concerns aside, the luxury homes aren’t good for anyone.

-Tyler

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