When I moved into the neighborhood in September of last year, I saw this home that was having work done. I figured that they would eventually put it in the market and was looking forward to it. As the estimate to the neighborhood homes range between 210k-250k. 3bd, 1b, 882sq. To my surprise in early April they put the home up for sale. However, they were requesting 310k. I thought that was a crazy amount. So I figured I’d let the market decide. A week past and they lower it by 10k. No bites. Home never goes into contingency. Homeowner drops it by another 10k the beginning of May. Should I bother putting an offer? To me the home is only worth 240k at most. However,I fear it would be a low offer. Would it be preferable to keep watching it get lowered?
Posted by MonocoDoll
1 Comment
I would check it out and try to figure out if other people are putting in offers. If you just wait someone else might buy it…