Sometimes, Even the best homes don't sell
This Glendale home just showed up as “Expired” (listing contract with the owner expired and the home not sold).
Marketing Remarks (typos included): “Best house under $550K in Glendale w/large backyard & move in condition * 3 bedroom + 1 bath * Separate living & dinning room * Harwood floors underneath all carpets * Separate laundry area (can be converted to 2nd bathroom) Updated kitchen w/eating area * Ample closet space * Entertainers backyard, room for additions, pool & much more * Private street near a public park * Owners moved to Texas, very motivated * Bring your best offer.””
This is a character Spanish with an inviting front porch and a very affordable price! …. Why not use a little imagination in the Marketing Remarks? This home was originally listed in November of 2007 for $535,000, several price reductions and then in December another and reduced to $499,000; several more reductions until reduced to $439,000 … but yet the remark: “Best house under $550K” – never changed.
And don’t you love this photo of the laundry room? It just shows me that there aren't cupboards or shelving – why include this photo? 
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4/3/2008 8:49 AM
Los Angeles Real Estate Blog wrote:
Everyone wants to know - how low of an offer do you make? Property that is selling, is generally priced well and that's why it sells (and doesn't join the ranks of expired listings). If you are thinking of making an offer on a house, how low do you go? Let’s look at how low home sellers went in March:La Canada9 homes sold, $718,000 - $1,480,000Average days on market: 807 of the 9 homes had a price reduction prior to entering escrow97.04% AVERAGE list to selling price (based on final asking price), none sold over asking ...
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