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Just this past Friday we put in an offer on a home (mls# 776061) which has been on the market for 202 days. The list price was 290k and has zero-scape and a giant concrete retaining wall in the backyard (taller than the house) which is probably the reason that people have shy-ed away from this property. The house was in pretty good condition, the carpets and walls needed some refreshing but overall it was in alright condition for being 2 years old.

We offered 269k which seemed like an affordable and reasonable place to start for this home. We put in an expiration date on our offer for Saturday and just today, Tuesday, we got a verbal response from the sellers agent. Apparently the seller countered with 290k and will only accept full price. Are you kidding me? Do you not understand that there are far fewer buyers out there, far fewer QUALIFIED buyers out there and that homes are not selling for full price. Price your house 10k or so above what you would be willing to accept.

All I can say is apparently this seller doesn’t really want to sell their home. What a shame. Thank you for wasting our time and your own. And now we move on. Today we are going to look at around 15 homes that are similar priced but brand new, never lived in and 500 sq feet bigger – with no giant wall in the backyard.
This is a perfect example of what we are encountering in the Provo-Orem area. Buyers that still think their house is worth the same as it was in 2006. Stubborn ignorance. No worries, we are getting used to it and don’t really get attached to any one house.