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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 but I don’t know if you have looked at the market stats well (or recent) enough. I’m coming from a much more competitive market and am amazed that many many houses in the DC suburbs (not looking at proper) go for list price or slightly below even. This isn’t spring 2020, the market has changed drastically. Where I’m coming from, comps are meaningless. The DC area is a pretty standard market and yes if it’s priced according to comps it seems to sell for that. [/quote]
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