Yeah, I'm sure he does.
In most cases a home selling that quickly is under priced. If the buyer was that motivated to pick it up then there must have been other factors involved.
How many offers\ counter offers were made?
None- Then it was sold to cheap, period.
But hey I dont really know anything about houses, I only developent and built 3 subdivisions last year, and I'm working on my third this year.
It wasnt an insult, but it is what it is.
Matt
Originally Posted by Slowwrx
He's an investor BTW, so he really does know a thing or two about this subject. Not trying to be a smart ass or nothing, just stating facts.
Explain how you came to that conclusion. By definition, a "BUYER" is ALWAYS motivated otherwise he'd wouldn't buy. So, how could the buyer's motivation factor into the price that the SELLER is asking???? I don't quite follow you.In most cases a home selling that quickly is under priced. If the buyer was that motivated to pick it up then there must have been other factors involved.
How many offers\ counter offers were made?
None- Then it was sold to cheap, period.
So if you get 50 offers and NO contracts, what's that mean?
The number of "offers" and "counter offers" doesn't say anything about the price. It says lots about the desirability of the house, but not necessarily the price. If you get no offers, it's not an automatic that you're priced wrong. It could mean it's a dog. It could mean it's in a bad neighborhood. It could also mean it's overpriced too. My point is that there are lots of factors that determine price. IMO, that's just too broad of an assumption and not necessarily always true.
Question? Are you a builder or developer? Reason why I ask is for business reasons.But hey I dont really know anything about houses, I only developent and built 3 subdivisions last year, and I'm working on my third this year.
It wasnt an insult, but it is what it is.
Matt
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