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Real Estate
Reply to "Why do people save or "favorite" homes on Zillow, Redfin, etc?"
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[quote=Anonymous][quote=Anonymous]For people waiting for price to drop, why? Why not just put in an offer for the price you're willing to pay? If a house has been sitting, it's not like you'll have competitors, and the seller would be more likely to consider your offer.[/quote] Because I want the sellers to feel really desperate and I want to know that it’s actually within reach without insulting them. Our house was originally listed for $550k and dropped to $530k and then to $520k. When we saw the $520k (yes, because we favorited on Redfin) price we jumped to to see it and I decided I wasn’t paying a penny over $500k for it. Guess what, at that point the house had been on the market for almost 2 months and they were extremely annoyed but we were the only solid offer they had. Had we offered $500k at the $550k or even $530k price point it wouldn’t have been taken seriously. [/quote]
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