Posted by Steve (Atl) on March 17, 2003 at 13:55:50:
Unless you have some value added to this deal, it will be just shear dumb luck that you are able to move this. Here in Atlanta, there are many, many, many homes in the Million dollar club that has been on the market for upward of over a year. This was created by the dot-com failures several years ago. It will take putting the right person in that wants this exact house at this exact time for this house to move. I mean in today’s day and time, coming off 300k on a 2.5million doallar house is not showing the buyer an incentive to purchase this house. The buyer is going to have to LOVE this house. I would definitely think twice, three times, four times before I get involved in a deal like this. There are many other easier ways to make a buck in real estate than for (as Joe Kaiser most eloquently puts it)the proverbial planets to align.