Sale over listed range…SDR and sdr???

[CA renter]

If you look at the listing history, you’ll see that it’s been listed for many, many months. They couldn’t find a buyer for all that time, lowered the price multiple times (to $550K-$599K in the beginning of October), and it sat all this time until just recently when it sold for over $600K.

Maybe other buyers aren’t thinking like I do, but range pricing means the lowest price is the price. I would offer lower than that.

A legitimate sale might see a price in that range, but for over it? Especially when it’s been on the market that long? I just don’t get it.

[sdduuuude]

CA renter – there is no link or address, dude.

[sdduuuude]

CA renter – there is no link or address, dude.

[sdduuuude]

CA renter – there is no link or address, dude.

[sdduuuude]

CA renter – there is no link or address, dude.

[sdduuuude]

CA renter – there is no link or address, dude.

[urbanrealtor]

Please post the address.
Also, the asking price has only a passing relationship to sale price.

I have a client who has a rule that he will offer 10% below asking. That is not a good strategy because asking can be high or low of the actual market price.

Eg:
1264 Essex, 92103

Sold for 273k in 6 days (I suspect the offer was submitted the first day).

Market price for comparables was like $350k.

My buyer offered $300k but the bank went with the first one in front of them.

The trouble is that if that person wants to sell soon (I have heard they do), their purchase at $273k will be the best comp. Ironic.

[urbanrealtor]

Please post the address.
Also, the asking price has only a passing relationship to sale price.

I have a client who has a rule that he will offer 10% below asking. That is not a good strategy because asking can be high or low of the actual market price.

Eg:
1264 Essex, 92103

Sold for 273k in 6 days (I suspect the offer was submitted the first day).

Market price for comparables was like $350k.

My buyer offered $300k but the bank went with the first one in front of them.

The trouble is that if that person wants to sell soon (I have heard they do), their purchase at $273k will be the best comp. Ironic.

[urbanrealtor]

Please post the address.
Also, the asking price has only a passing relationship to sale price.

I have a client who has a rule that he will offer 10% below asking. That is not a good strategy because asking can be high or low of the actual market price.

Eg:
1264 Essex, 92103

Sold for 273k in 6 days (I suspect the offer was submitted the first day).

Market price for comparables was like $350k.

My buyer offered $300k but the bank went with the first one in front of them.

The trouble is that if that person wants to sell soon (I have heard they do), their purchase at $273k will be the best comp. Ironic.

[urbanrealtor]

Please post the address.
Also, the asking price has only a passing relationship to sale price.

I have a client who has a rule that he will offer 10% below asking. That is not a good strategy because asking can be high or low of the actual market price.

Eg:
1264 Essex, 92103

Sold for 273k in 6 days (I suspect the offer was submitted the first day).

Market price for comparables was like $350k.

My buyer offered $300k but the bank went with the first one in front of them.

The trouble is that if that person wants to sell soon (I have heard they do), their purchase at $273k will be the best comp. Ironic.

[urbanrealtor]

Please post the address.
Also, the asking price has only a passing relationship to sale price.

I have a client who has a rule that he will offer 10% below asking. That is not a good strategy because asking can be high or low of the actual market price.

Eg:
1264 Essex, 92103

Sold for 273k in 6 days (I suspect the offer was submitted the first day).

Market price for comparables was like $350k.

My buyer offered $300k but the bank went with the first one in front of them.

The trouble is that if that person wants to sell soon (I have heard they do), their purchase at $273k will be the best comp. Ironic.

[Sandiagon]

Did you ask closing cost from seller or bank? Banks looks at net income on the sale. Corruption and collusion is possible in any transaction including real estate transaction.

[Sandiagon]

Did you ask closing cost from seller or bank? Banks looks at net income on the sale. Corruption and collusion is possible in any transaction including real estate transaction.

[Sandiagon]

Did you ask closing cost from seller or bank? Banks looks at net income on the sale. Corruption and collusion is possible in any transaction including real estate transaction.

[Sandiagon]

Did you ask closing cost from seller or bank? Banks looks at net income on the sale. Corruption and collusion is possible in any transaction including real estate transaction.

[Author]

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