Los Angeles

[agl25]

http://www.redfin.com/CA/Los-Angeles/4114-Edenhurst-Ave-90039/home/7136804#property-history

When this one was posted, I was a little surprised at the asking price ($799k for 1672 sq/ft), but it's not out of the question for a well-done flip in this neighborhood. And the property history (which now appears to have been scrubbed?) showed that it had sold last year for far less, also suggesting flip. As does the "beautifully remodeled" claim.

But... the pictures.

At first, I figured it had somehow been re-listed with last year's pre-flip pictures and that it would get sorted out and replaced by the new pictures as soon as the listing agent straightened it out. But that was 45 days ago, and the same ugly, ugly pictures are still up.

Any guesses here? Could they actually be asking this much for the dumpy place shown in the pictures? Did the listing agent accidentally leave up pre-flip photos and somehow hasn't noticed?

[basschick]

most of the owners we've dealt with so far who are non-businesses tend to ask for more than they're worth, sometimes a crazy lot more.  some go down in price after reality hits them, some (including the owner of a place we were the high bidders on in the valley) really believe their home is worth more due to some imagined value and hold out. 

oddly not only do the owners who list so high expect their place will magically appraise for more than any sold in the area, but they also tend to take very unappealing pics that show their home in the worst possible way.

go figure *shrug*

[troy-mclure]

asking prices mean nothing

[basschick]

that's true, but i'm talking about prices that are healthily over any comps.

[agl25]

Well, this one isn't that out of line with some the comps for the area if it were really nicely done (e.g.: http://www.redfin.com/CA/Los-Angeles/4254-Brunswick-Ave-90039/home/7136760, http://www.redfin.com/CA/Los-Angeles/3801-Glenfeliz-Blvd-90039/home/7064554, http://www.redfin.com/CA/Los-Angeles/3965-Glenfeliz-Blvd-90039/home/7064457, etc.)

And the listing claims it's "beautifully remodeled..." 

Everything but the pictures suggest high end flip. But the pictures...

I guess it must be either totally delusional sellers or a colossal error by the listing agent?