Brutal Buyers !

By
Services for Real Estate Pros with Tranzon Fox Auctions

Richmond area- example of how rough thing are and how gutsy buyers have gotten:  tax assessment of a house is $837,600.  Last list price $725,000.  Current list price $675,000.  Two offerors just engaged in a "competition"...

$450,000 went to $510,000

$515,000 went to $535,000 went to $550,000

Sellers countered at $635,000.  No deal.

The buyers will just keep looking for another property.

Comments (3)

Adam Brett
The Adam and Eric Group - Fullerton, CA
The Adam and Eric Group, Fullerton's Finest

Sellers have to become realistic.  A house is only worth what someone is willing to pay for it.

Mar 13, 2009 10:47 AM
William German
NetWorks Real Estate LLC - Lacey, WA

I agree with adam.  Who knows when another offer might come around.

Mar 13, 2009 11:19 AM
Linda Staples Terry
Tranzon Fox Auctions - Richmond, VA

amazing update!  the $450,000 buyers are back and upped the ANTE... we may get a deal here.  This after they said that was their best and final.  Fascinating times, these.

Mar 17, 2009 11:21 AM