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Yeah I don't get why the seller and her agent were there. I NEVER buy the house with the seller following me around. I've looked at a few and it's a HUGE turn off. The only exception is if it's FSBO.
Yes, I’m thinking that if that was to be the norm, that’s probably the real reason for the lack of showings instead of the price point.
Otherwise, I think there should be a better explanation from the realtor about why $220K is the magic number. I know when I’ve looked at homes previously, I’ve always put in above my budget because I never get preapproved for the max and there’s always a possibility that I might be able to negotiate a little bit under the asking price. I don’t think the OP is in a place like Silicon Valley where every home tends to get way over asking price. Is she at the top of the comparable homes at the market without the most desirable location, largest size, newest upgrades, etc. to merit the extra $3K? It really sounds like more should have been done to get some interest in the first month. I had a sale fall through on my unit and the person ended up offering on essentially the same unit with an asking price 15% higher than mine. I SERIOUSLY doubt she offered that much more since they both had fairly new upgrades. The point is, even with such a ridiculous price point, that person ended up with a buyer and the OP has only had one person even look.
Yes, I’m thinking that if that was to be the norm, that’s probably the real reason for the lack of showings instead of the price point.
Otherwise, I think there should be a better explanation from the realtor about why $220K is the magic number. I know when I’ve looked at homes previously, I’ve always put in above my budget because I never get preapproved for the max and there’s always a possibility that I might be able to negotiate a little bit under the asking price. I don’t think the OP is in a place like Silicon Valley where every home tends to get way over asking price. Is she at the top of the comparable homes at the market without the most desirable location, largest size, newest upgrades, etc. to merit the extra $3K? It really sounds like more should have been done to get some interest in the first month. I had a sale fall through on my unit and the person ended up offering on essentially the same unit with an asking price 15% higher than mine. I SERIOUSLY doubt she offered that much more since they both had fairly new upgrades. The point is, even with such a ridiculous price point, that person ended up with a buyer and the OP has only had one person even look.
Would you say that if you knew the house was worth $175,000? Do you know it's not? The OP has not even hinted that they have any idea of the value of the property or what the agent has done to determine that or communicate it. We're all just guessing here.
In that price range, cutting the price by only $3,000 is not going to get a home that is not getting showings, to suddenly turn it into a hot property with people lining up to see it. Never happened in the past, and is not going to happen now.
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