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Old 11-05-2014, 06:26 AM
 
Location: Denver CO
24,204 posts, read 19,066,460 times
Reputation: 38266

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Quote:
Originally Posted by highlife2 View Post
That's all he was willing to pay, all "market price" is is what someone is willing to pay.
2 other buyers were willing to pay something around the asking price. This offer is not market value, it's someone thinking he is entitled to buy a house at 50% off market value. A high chance they were looking to flip it and make the profit they didn't think the original owner was entitled to! Or someone with totally unrealistic expectations of what they want in a house compared to how much they can afford.
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Old 11-06-2014, 07:15 AM
 
Location: Annandale, VA
5,094 posts, read 5,154,405 times
Reputation: 4231
Quote:
Originally Posted by NinaN View Post
It means the agent knows the house is overpriced and that should not deter buyers from making offers.

It means the owners are willing to accept offers and are not stuck on an unrealistic price they want like you see in most FSBO listins.
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