[5-DayForum] comps in transitioning area

[Erin Booth]

Hi Ven, 

I'm setting up my first 5Day this week on an investment property.  In my paper ad I wrote "Move-In Ready" as was suggested by someone here a few weeks ago.  I used to live in Murray and my investment mentor lives in Sandy.  Oh, I miss the mountains!  Best wishes!!!

*Erin B 



Venere Vitale <venvitale at yahoo.com> wrote: I have a concern about listing at 50% of fair market.  The home I'm selling is in an area that is in transition.  There are some houses that sell for next to nothing and others that sell in the 400-500 thousands.  The home is in Salt Lake City near Trolley Square.  It's a great location.  I've been told by various realtors that $400K is not an unreasonable request.  It's a beautiful old victorian that's newly rehabbed.  My fear is if I advertise at 50%, I'll only attract other investors who think this is tear down or home in need of rehab instead of one that has been completely updated.  Any suggestions for what I can do to avoid this?
  
 Ven


       
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