April 2008 Sale at Yacht Harbor Towers Honolulu
Here is the latest example where a seller did not listen to the market. Once you’ve decided to sell your home, don’t make the same mistake.
Property: Yacht Harbor Towers
1600 Ala Moana Blvd. #802, Honolulu, HI 96815
(Leasehold Property)
| Apr 3, 2007 | listed at $385,000 |
| Jun 20, 2007 | reduced price to $330,000 |
| Dec 28, 2007 | reduced price to $250,000 |
| Feb 24, 2008 | sold for $240,000 |
| Apr 7, 2008 | escrow closed |
Total days on the market: 328
Sold at 62.3% of original list price
Key learning points from this sale:
1. Carefully select a competent agent who will provide reliable market information. This will help you set a reasonable sales price.
2. This is a buyer’s market. If you expect to receive your dream price, chances are, you’ll wait a long time and be disappointed.
3. If your home isn’t in escrow within 3-4 weeks, it’s too pricey.
4. If you truly want or need to sell your home, contact Michael Zimmerman for help. I’ll do things right the first time.
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