22 Months on the Market -- It’s the House That Will Not Sell
This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.
‘When Ron and Diane Golden decided to sell their four-bedroom home in Granada Hills, they spruced up the landscaping, shampooed the rugs and painted it inside and out.’
More: ‘But 22 months later and $224,00 cheaper, their home is still on the market because buyers have asked for a new roof, granite countertops or new gates for the pool. The home, now listed for $749,000 by Coldwell Banker, has fallen out of escrow six times.... ‘They make demands, huge demands,’ Diane Golden said. ‘A buyer wants everything replaced, brand-new.’ ‘
The Daily News goes on to report ‘Los Angeles homes are overvalued by 52.1%, according to a report released today by the forecaster Global Insight and the bank National City Corp.’ Sound familiar? This is the same outfit that gave us one of our favorite items awhile back, the Coast-to-Coast interactive heat map of housing overvaluation.
Photo Credit: Curbed LA