It was first listed in Jan 2009, delisted the next day – then put back on with a new MLS in Feb 09. rinse and repeat – list/delist… but basically on the market the whole time… until Jan 2010 when it’s marked contingent. That must not have worked – because in Aug 2010 it’s relisted.
Later that month – it’s listed again (7th MLS since Jan 09) at $1,050,000. A couple price changes upward… then it’s contingent in Oct and then Dec 09. It’s relisted Feb 16, 11, with a price change to 1,130,000. 2 days later it’s marked contingent.
It seems like anyone who wanted to make an offer on this could. And that at least 3 offers had occurred previously (3 contingents before the final one.)
How was this not transparent?[/quote]
Exactly. It is a fairly upfront transaction. And yes, I was looking at properties over my price range and making low ball offers. Many that weren’t accepted. But the longer something is on that market (even off and on counts, IMO as for sale) then the greater potential of price reduction and willingness to accept a lower offer.
And BG, I have a story that I will post soon on the kitchen appliances thread along the same line about retail stores negotiating.
Now w/regard to this place selling in today’s market as 900k being fair, the point is not too long ago for similar condition it was fetching much more. People were buying many properties that had problems for way more than it was worth. sdr had clients of his own who overspent during the bubble on a place that had problems from the get-go. But during the bubble when prices were going up, people turned a blind eye to condition and bought whatever they could.
