Quote:
Originally Posted by margaretmattson
While looking to purchase a home, our experience has been the opposite. We see VERY FEW homes being sold within a week or two. My daughter has walked through many homes and passed for one reason or another. DAILY, she is receiving lists of homes that have been discounted between $5,000 and $75,000.
She has put the brakes on buying. The market is showing her that prices are coming down. Overpaying for a home may lead to the same trouble sellers are now experiencing. She wants to avoid having to sell at a loss if the need arises.
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Well it ain’t bothering the agents selling the two new never lived in private owned homes we saw this week. Both were marked up 2-300K from the price the owner originally paid. One was less than a year old (not to sell until June) and the other was just over 2 years old. I would bet they get a part of that higher than paid asking price but who knows.