Great expectations

Well, it’s decided. We’re NOT going to sell.

What did the agent think it would fetch?

Well, they didn’t say right away, just talked about how it was a seller’s market, that a water view like this would be gone in a week, that they had someone, a doctor waiting for JUST such a view.

So how much?

Then they talked about how much other houses had gone for in the street. Like 39A going for 600 two weeks ago.

Not quite what you wanted.

Well 39A had no view. Then they talked about 33 which DOES have a view and its government valuation last year was 550 and that its owners wanted 800 but they said it would go stale waiting for a buyer at that price.

Go stale?

According to them, you have to move a property in six to eight weeks, if it stays on the market longer than that you get buyers coming in with no more than fire sale offers.

So come on, what did they think they could get you for it?

Beginning at 750, possibly going to 780. Be lucky to break 8 though.

A bit less than the million you hoped for.

One? Yesterday, we’d talked ourselves into not considering selling lower than 1.5. It was a shock finding that in these boom times, it was worth so little. Overnight we'd lost seven hundred thousand dollars. They did say that if it were one suburb over, it would be 2 mill no problem.

Area?

Exactly, location.