The Pecora Brothers listed this place for sale back in July 2007 for $4.895 million. Today, eight price cuts later, it’s dropped to $3.150. That might do it – it’s an okay house – but they can’t change the road and, so far at least, they haven’t been able to change the look of the house behind it. At some price, a buyer will probably be willing to ignore a 1960’s, tired ranch with a broken down boat and trailer and discarded jungle gym set as back yard neighbors but they certainly weren’t willing to do so at this place’s original price. We’ll see if their vision is obscured at this lower one.
UPDATE: Additional thoughts. Just as we agents should be meticulous about inspecting the condition of our vacant listings, builders of new houses, particularly in this one’s original price range, should zealously inspect the product they intend to present to the buying public. Fill in nail holes in the shingles, replace missing shingles and down spouts and in general, show that you know what you’re doing. There’s nothing fatal about a paint job that wasn’t properly prepared, but it’s off putting. I always ask myself, “if they missed the obvious stuff, what about the stuff I can’t see?” Buyers do, too.