Another example of why I caution my clients to allow for a few years of mellowing on (some) house listings

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My guess is that the detached garage and basketball court are included in the 8, 120 sq. ft. cited in the listing. that's useful for calculating far limits, but not much use for buyers who try to compare houses on the basis of COST PER SQUARE FOOT

My guess is that the detached garage and basketball court are included in the 8, 120 sq. ft. cited in the listing. that's useful for calculating far limits, but not much use for buyers who try to compare houses on the basis of COST PER SQUARE FOOT

12 Laurel Lane started off at $8.995 million in 2015. Three years later, it dropped today to $6.595. I suspect there's still room here for a bit more price adjustment, but the point is, if you or your agent (or both) feel there's something off with an opening price, you may very well be right.

On the other hand, if you trust your agent, you might listen when that person tells you that a particular price is on target. "Trust" being the operative word.