My dad is trying to decide the list price for his house. (Located on about 13 acres on a hill top north of Kerrville.)

The realtor has advised him of a range between $695k and $750k. He is trying to decide between listing at $695k and $749k. He is moving to his lake house full time and is already in the process of moving out, only leaving furniture to stage the house, etc. So he is "not in a hurry" to sell the place.

Questions

• Is there any reason not to list at the higher end of the range?
• One reason might be that the "hype" of a new listing might be wasted if the asking price is "over priced"
• A counter point is that this sets the initial number higher for any negotiations/lower offers.

I told him to ask his realtor more questions and ask the opinion of a second realtor, but thought I would consult the boards.

TIA.

How big is the house? Age?

3428 sq, built in 97

It's the last house (cul d sac) in a small gated subdivision off Harper road north of I 10. I think the acreage is pretty nice. Big views, can't see neighbors houses, can't see house from the road

I live in the area. Depending on the finishes that sounds like a good buy even at the max suggested.

Thanks!

Welcome. Gillespie and Kerr County prices are insane right now.

Any thoughts on what you think for value range? Obviously without the benefit of photos/specifics

$15k-$17k for that size acreage is the norm that I have seen. And anywhere from $150-$200 / sq ft for the house, again depending on finish, condition, etc.

Using the middle range of those numbers is over $800k.

More importantly are there any good comps in the immediate area?

First Thursday in April I'd throw it up for $799,000

Not familiar with Kerr Co. prices but that range seems a bit low for Gillespie Co.

It is low for Gillespie by about $4k or more an acre. I am waiting for it to hit $25k an acre and then we are out.