I don’t think a lot of those people are really motivated. I see allegedly motivated sellers listing 50K above identical untits in the same complex. “Motivated” may mean “desperate without equity but I’m still hoping to not lose real dollars”. Also I have noticed some listings that jack the listing price up and down by 100 bucks to keep a fresh “reduced” listing price. I think “motivated” and “price reduced” are only marketing ploys. Ziprealty has created a new search function for the general public for “short sale”. Having said that, I do the same thing.
