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Reply to "Impact of stock market crash on real estate?"
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[quote=Anonymous][quote=Anonymous]I live out of the area and have a house that even this week should have flown considering limited inventory and the price point. Last night we had 3 agents writing offers for their clients. As of noon today, all 3 buyers got cold feet and are pausing. We couldn’t go to market earlier because we had to finish a small renovation to make the house acceptable for our market, but now our timing feels as crappy as it could possibly be. I’m not panicking but I’m not feeling great at all. There was nothing we could do about our timing but as someone who graduated into two recessions, I’d love for one major event in my life to not be accompanied by huge global drama.[/quote] Replying to my own post. Our house went pending a few hours after I posted this. We got ask, but not above. If this were last year, our house would have had multiple offers and would have gone for $200-$300k above ask. I think that if we had listed today instead of a week ago, we would have had more bids, but people were in a tariff drama/market panic. But overall we are relieved that it moved in these circumstances and glad to have moved on. [/quote]
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