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Reply to "Beach house listing properties 2x+ over comps , worth offer at correct price?"
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[quote=Anonymous]It’s not just the beach homes, it seems to be most of the recreational land and second home markets. I’ve been tracking trends since way before COVID. People are crazy right now. The land they bought for $85k in 2021 isn’t worth $205k now. The home they paid $375k for isn’t worth $575k. I’ve learned that cash is king and properties that sit are ripe for incredibly low low-ball offers. I’m patiently waiting.[/quote]
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