Profile picture for Kenbrook

You're asking $230K more than the Zillow estimate, in this market?

Its nice, but its not that nice...
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April 29 2008
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Answers (1)

Profile picture for Kenbrook
I can see that as of 9/29/08, reality has yet to set in for this seller. You might be able to move it at around $425K if (and its a BIG if) you can find a buyer with 25% down AND a 780 credit score. By 2010, houses like this in Central Ohio will not be selling at $325K. With the recent credit collapse, the downward arc of the economy has violently steepened. You best bet would be to hold onto the property for fifteen to twenty years and wait for the market to rebound.
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September 28 2008
 
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