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[quote=Anonymous][quote=Anonymous]In California houses are routinely listed for $100ks less than they sell for. It’s a pricing strategy as people bid and actually often over pay in the frenzy to escalate pricing. The markets are here are pretty efficient; if your house is listed $400k below its “value”, buyers will bid it up. But if it was renovated in 2014, it’s probably a 30-40 year old home — hardly a good vintage and that renovation is worn and dated. $1.2M might be accurate in our new post-DOGE endless govt shutdown DMV. [/quote] The house is probably much older than 40 years and are things like the roof, plumbing, electrical, siding, and windows updated. 2014 is going to be warn and some appliances at the end of their life.[/quote]
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