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Placing home home on the market? HELP

Posted by acw6455 (My Page) on
Sun, Jun 10, 12 at 23:30

Hello everyone!
I bought a home that I LOVE, but I am looking for a little more space.
Here are the details
The home was bank owned and I bought it for 550K (all cash)
The home is the only home ever to sell below 1,000,000 in the neighborhood and I was ecstatic!
In 2008 it sold for 1,200,000. The home had no appliances and needed a pool renovation.
My kitchen has Wolf and Sub Zero and the pool is 'up to snuff'
The house is in a gated community.
3,155 sq ft. 3 beds 4 baths
3 car garage .32 acres

The home appraised for 1,400,000 about a week ago (Hired someone)
Do you think I should list it at 1,200,000?

The house I want is in the same neighborhood listed at 2,400,000

Follow-Up Postings:

RE: Placing home home on the market? HELP

Get a realtor. Guessing in $200,000 increments isn't a great way to sell a home.

RE: Placing home home on the market? HELP

Why wouldn't you list it for $1.4m if that's what it appraised for? Why would you instantly discount that by 15%?

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