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Real Estate
Reply to "Overpriced house - lowball offer or wait?"
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[quote=Anonymous]$100K seems like a pretty small difference. I would split the difference if the house was perfect for my family - as to size, location, no repairs needed, etc., (whatever your criteria are). That will cost you almost nothing over 30 years at current rates, and it won't be so low as to be offensive. HOWEVER - having loved a house that was priced about $500K - $1m too high? Someone who has a crazy price on their house either loves it and doesn't really want to move, or has retirement pending in a few xxx, and doesn't have to move, or thinks the market is hot but has no real reason to be somewhere else. If that is the case, they will NOT come down. And if the house is cool, someone will eventually pay their price. [/quote]
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