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Reply to "Overpriced house - lowball offer or wait?"
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[quote=Anonymous][quote=Anonymous]There is no such thing as overpaying. The "right" price is whatever someone is willing to pay for it. If there are no other homes available in a sought after neighborhood, then it might b priced right. Just because the last house sold in the area might have been for less or might have been in better condition is meaningless if this is the only house on the market in a desirable neighborhood. [/quote] Spoken like a true greedy seller. Yes there are people out there who will overpay for a given house, and OP could certainly lose the house to one of them. However, that doesn't mean the concept of value as determined by comparable sales is meaningless. OP, if you lose this house, there will be more houses in the spring. [/quote]
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