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Reply to "Would someone actually pay $1.69 for this house?"
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[quote=Anonymous]It’s WAY overpriced. I think $1.3 is the correct price based on the following: 1) They paid $885,000 in 2020 2) Assume they put in $100,000 (new baths and kitchens, but fairly low end; floors and other finishes are old) 3) Market increased 10-20% in each of 2021 and 2022 The above assumptions results in a fair price of about $1.3 million in current market. When houses are priced so far off of what is fair, they tend to sit, or perhaps have several drastic price cuts, going for less than they would have if they had just priced the house reasonably from the beginning. [/quote]
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