Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 6 months ago, 06/20/2024

User Stats

25
Posts
5
Votes
David Minaya
  • Accountant
  • North Park San Diego, CA
5
Votes |
25
Posts

Am I being too greedy with my asking price or impatient?

David Minaya
  • Accountant
  • North Park San Diego, CA
Posted

Good day BP and Happy Father's Day to all the Dads!

I'm currently in the process of selling my first property. It is a 1500 sqft 3 bed 3 bath condo about a 5-minute walk to the beach. I live in Southern California and my property is currently listed at $1.05m. It has been on the market for about 45 days and has received modest interest from buyers.  The property is part of a large condominium and is located on the backside of the building (i.e., it does not have an ocean view). My agent informed me that comps in the area are selling between $840K-985K, however those properties are not as near to the beach as mine. I should also mention that properties with an ocean view in my condominium have sold between $1.2m-1.3m but also have less square footage and less bedrooms and bathrooms. It was with that consideration that I listed the property at $1.05.  


Considering the circumstances, I would really appreciate your opinions on whether I am being greedy with the listing price or whether I should be patient, keep the selling price as it is, and wait for a serious buyer. 



Loading replies...