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Reply to "Feeling despair at market"
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[quote=Anonymous][quote=Anonymous][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] +1 Every house that I’ve seen that is listed significantly over comps has sat for 30+ days. A lot of people who list in the winter do so because their house can’t compete in the spring. [/quote] I would disagree. We sold our house 2nd week in January. Listed at recent comps for neighborhood and it still went 300k plus over asking. It all depends on the neighborhood and the house itself. [/quote] Anecdotal. It’s long been established that January and December have lowest median sales prices. I mean if you think about it as a seller there are very few good reasons to list over the holidays. And if your kids are in school you can’t even get a rent back long enough to let them finish out the year (assuming buyer finances). [/quote]
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