Reply to Are these H St. NE / Capitol Hill houses priced appropriately?

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[quote=Anonymous][quote=Anonymous]I don't see a huge change but homes aren't going too high or two low, $10-30k below or above asking, depending on the house and seller's flexibility. Obviously some buyers are fine giving above asking if house meets their needs, others negotiate more and willing to look for deals.[/quote]

I'd be curious if some of the homes going under ask are being sold to cash buyers or people who have funds for large down payments. Some sellers will accept a low offer if it's all cash with a short close. It's just a low stress transaction with fewer hoops to jump through because you don't need bank approval. If your are trying to free up equity for a purchase, or relocating, it can sometimes be worth it to take a below-ask cash offer if it speeds up the transaction, limiting costs like staging (which can actually be quite expensive, especially for a 3-4 bedroom house). There's also just a lot of benefit in certainty, especially in the current market where there may be fewer buyers total, so if someone withdraws an offer it can pose significant difficulties. Other buyers might assume something is wrong with the house even if the issue had to do with buyer financing or cold feet over their mortgage payment.[/quote]

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