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Reply to "Feeling despair at market"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] It took us more than a year to find our home, OP, and that was in 2010! You need resilience and fortitude. [/quote] No. She needs more money. PP was right. Bid downmarket. List price is just starting bid. [/quote] More crock of shit. List price is just starting bid...IF the list price is significantly below comps. Otherwise list price IS the asking price. Yes, yes, I know the market is crazy right now, where stupid shit like this actually becomes mainstream conversation, but it would behoove any buyer at present to be extremely cautious. There's a reason buyer sentiment for residential real estate is at rock bottom right now. It's because of shit like what has been posted in this thread (and others).[/quote] You clearly don’t comprehend the market. Listing a house at the price you think it will go for, based on comps, is a dumb idea. Appraisals have not yet reliably caught up with sale prices. There needs to be wiggle room between list price and offer price to make room for things like appraisal delta that needs to be built into a competitive offer. People bidding at list price at top of their budget are simply not going to get the house. [/quote] DP. Depends on the area. Is there some reason to think that comps from November 2021 are inaccurate for winter 2021/2022? The appraisal gap is a different issue entirely. I’m looking in northern Arlington and home prices are down ~3% November 2021 compared to November 2020. [/quote]
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