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Reply to "Feeling despair at market"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] It took us more than a year to find our home, OP, and that was in 2010! You need resilience and fortitude. [/quote] No. She needs more money. PP was right. Bid downmarket. List price is just starting bid. [/quote] More crock of shit. List price is just starting bid...IF the list price is significantly below comps. Otherwise list price IS the asking price. Yes, yes, I know the market is crazy right now, where stupid shit like this actually becomes mainstream conversation, but it would behoove any buyer at present to be extremely cautious. There's a reason buyer sentiment for residential real estate is at rock bottom right now. It's because of shit like what has been posted in this thread (and others).[/quote] OP. Someone who cannot describe the real estate market in adult terms may not provide the best price. As others have mentioned, this is a time to bid with less competition and with less desirable houses that could also be overpriced. By mid January, better houses will be coming on the market and some may start bidding wars which will raise the market price of similar houses. Look at houses that have not been cosmetically prepared for the market. There is a house on the market on my neighborhood that has hideous blue carpeting and dusty drapes, but underneath, it is like my house on which we have spent little money to make look great. Good luck [/quote]
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