Here’s someone who tried setting a Make Me Move price on Zillow and is now chasing the market down. Or rather, meandering after the market which is chasing after a bunch of expired tax breaks.
SQ. FT.: 1,816
$/SQ. FT.: $523
LOT SIZE: 6,976 Sq. Ft.
PROPERTY TYPE: Attached Single Family
YEAR BUILT: 1961
COUNTY: Santa Clara
ON REDFIN: 21 days
Great Location * Excellent Cupertino schools * Energy efficient * Spacious 4bd/3ba contemporarily remodeled * Bright * Low-VOC paints inside out * EnergyStar IB Roof System * Radiant heating * Double pane windows * Well insulated walls * maple cabinets * granite countertop * Stainless steel appliances * Huge beautiful backyard w/ fruit trees * Open house 3/26, 3/27 (1:30 ~ 4:30)
Stop me if I have this wrong, but isn’t this seller asking for almost a million bucks for a glorified box? Face it, every child’s drawing of a house has something that this house is lacking in. Maybe you can look at the listing image above and figure it out.
Here, I’ll even give you one more chance. One of these things is not like the other things.
Anyway, I headed over to Zillow to find out the asking price from 2009, and discovered that there was a Make Me Move price on the house. And it was $970,000. Now, Make Me Move can be complete utter Wishing Price, as there’s no obligation to sell it just because you entered it into Zillow.
Only this seller decided that the Make Me Move Wishing Price was a perfectly good place to start as an actual Asking Price. We can see just how well that worked.
So after such drastic price cuts as 2% followed by 1%, the seller takes the listing off the market completely… and then it’s back two years later. It’s back at its first price reduction, which shows the seller really hasn’t learned a danged thing in two years.
Somebody buy this and Make Them Move, because they aren’t going to do it on their own.