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To everyone,
I took a recent almost identical comp 2 doors down....House 1 sold 3 months ago at 80K less than this house. Both ranches...House 1 was 400sq feet larger and open floor plan updated to imperfection(granite, ss, marble etc.) but had .22 less land. Believe me this house 2 is overpriced and should be priced in my price range. Anyone w/ half a brain and two eyes can tell you this....and no it is far from rocket science...they just hope we are too stupid to tell. Doesn't matter...I have moved on...let their house sit....on to the next house.
Thanks for all you posts
If it is 75K overpriced then unless you are putting down a large downpayment then it probably would not pass thru today's appraisal process. Alot of lenders are only looking at properties that sold in the last few months and demanding a minimum of 6 comparables.
Many sellers are in denial about the price drops. Some don't have to sell, yet. This time next year will be a whole new world in real estate. Just wait them out.
We've been hearing that for what, three years now? Hope that fence is comfy.
To everyone,
I took a recent almost identical comp 2 doors down....House 1 sold 3 months ago at 80K less than this house. Both ranches...House 1 was 400sq feet larger and open floor plan updated to imperfection(granite, ss, marble etc.) but had .22 less land. Believe me this house 2 is overpriced and should be priced in my price range. Anyone w/ half a brain and two eyes can tell you this....and no it is far from rocket science...they just hope we are too stupid to tell. Doesn't matter...I have moved on...let their house sit....on to the next house.
Thanks for all you posts
No - it's not "rocket science" ... if you know what the price "should be" - pony up some earnest money and write an offer - BUY IT! If you are right, you will have a deal! If not, you'll get your hand slapped. Stop playing around. The market is not formed by people complaining about pricing. The market if formed by sales. So, be a serious buyer & buy something.
No - it's not "rocket science" ... if you know what the price "should be" - pony up some earnest money and write an offer - BUY IT! If you are right, you will have a deal! If not, you'll get your hand slapped. Stop playing around. The market is not formed by people complaining about pricing. The market if formed by sales. So, be a serious buyer & buy something.
I don't know anything about you, but that was spoken like someone with an overpriced listing!
Many potential buyers over the past two years would be totally screwed if they took your advice of, you know, "Stop playing around, and be a serious buyer."
I don't know anything about you, but that was spoken like someone with an overpriced listing!
Many potential buyers over the past two years would be totally screwed if they took your advice of, you know, "Stop playing around, and be a serious buyer."
Answering a few post.....No house 1 was neither a short sale or foreclosure. And the more I sit on this fence the nicer fence it will be in the end. I have earnest money...I have 30% to put down, but will not put it down on homes that will suck it up before I even get my key in the door. I also am tired of putting in strong fair market offers w/ pre approval, no debt, no contingencies and nothing to sell along w/ no lease on my apartment and sellers still won't budge and waste my time. My time is just as precious at theirs and at this point when something is way overpriced I won't even bother. Until I see them come down to a more realistic level will I then make an offer at this point....it literally is a waste of my time.
I have been a responsible person who has saved and sacrificed many things and will not waste it on someone elses mistake or greediness. They should know the market and stop playing stupid.
I don't know anything about you, but that was spoken like someone with an overpriced listing!
Many potential buyers over the past two years would be totally screwed if they took your advice of, you know, "Stop playing around, and be a serious buyer."
Many would not. We bought late last year, got a good deal. If we had rented instead, I'd now be out more than what my home has declined in value.
Of course, we bought in a fairly steady moving price range ($150-170k). We weren't looking to buy the $300k house for $200k. Some people want the mcmansion on the beer budget. Unforunately, they may be waiting a long time.
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