Late Fall Buying Opportunities, or,
“Perils of Overpricing”

This Cape Cod-style 1 1/2 story in St. Louis Park’s Fern Hill neighborhood originally came on the market almost six months ago, at $539,900.


The price just dropped again (yesterday) to $329,900 — down over $200k(!) from June, and a substantial discount from the tax assessed value of $371,300.

What’s wrong with it?

My guess(es):  a too-high initial asking price that has prospective Buyers overly skeptical; and the fact that it’s now a potential short sale.

Add the two together, and — for the right Buyer — they spell an opportunity . . .

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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