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Message
re: Real Estate Market
Posted on 4/10/24 at 3:11 pm to llfshoals
Posted on 4/10/24 at 3:11 pm to llfshoals
Not arguing with the moral of the story, but you lost me here:
I could see potential buyers wondering what is wrong with this home if it were listed for significantly less than the comps, but that isn't the case here. It sounds like this is just a good example of the principle of replacement to me.
quote:
7 months later, he’s sold 3 houses in that same subdivision for 900k or so, theirs is still sitting now at 950k. Why is it still there? Because buyers are wondering whats wrong with it.
I could see potential buyers wondering what is wrong with this home if it were listed for significantly less than the comps, but that isn't the case here. It sounds like this is just a good example of the principle of replacement to me.
1
Posted on 4/10/24 at 4:03 pm to AUHighPlainsDrifter
quote:Because houses newly listed are moving. Buyers see the new listing, they see the house that has been on the market and had the price cut 100k, they go to the new listing 999/1000.
I could see potential buyers wondering what is wrong with this home if it were listed for significantly less than the comps,
If they went to look at it, probably a different story. They’re not even going to look at it.
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