Quote:
Originally Posted by Velvet
One strategy of selling a house is to list it low enough to get multiple offers bidding against each other. My neighbor up north took a different position. He listed his house at the price he wanted for it and did not sell until he got that offer. It took him a couple of years but he was in no hurry and he needed the money for his final living retirement expenses.
As a buyer, on the other hand, I determine how much a house is worth to me and that is what I will pay. Then the seller can decide if it is enough for them to sell. I always have alternatives if my offer is not accepted.
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absolutely. I saw that listing yesterday at something like $188/square foot, and it was in good shape. New owners will likely want to put their own touches in, but right now, unless the place is a dump, a listing at less than $200/square foot in TV is almost certainly going to get multiple offers.