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Real Estate
Reply to "Are these H St. NE / Capitol Hill houses priced appropriately?"
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[quote=Anonymous][quote=Anonymous]Well-priced houses that show well will have few problems selling, even with the market in a downturn. But as we've seen with numerous houses brought up in this thread recently, your house is no longer going to fly off the market if it has some flaws. And I'm seeing a whole lot of obviously flawed houses in this area just languish on the market these days. Last year they would have been gone in a week. Those days are over, for now.[/quote] Having been through a few downturns, I’ve been trying to say this for a while when people are arguing about how much the market will drop. The average market price is just an average and a cooling market disproportionately affects houses with flaws that aren’t fixable (or at least not for a feasible amount of $$). People who bought perfect houses in desirable locations may lose a bit if they need to sell quickly, but will be ok. People who paid top dollar for flawed houses will be hurt more. [/quote]
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