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0 pointsreg_dunlop3y ago0 comments

15% under asking?!

That is a wild revelation to someone comparing greater Denver housing market, where adding 30% is required just to be considered....

I've been watching Zillow pretty consistently over the past few weeks, and have noticed price drops as well as longer days on the market in the Chicago area.

Knowing values don't increase much isn't really a deterrent considering the desirability of the location.

0 comments

bombcar3y ago

Different areas have vastly different "cultures" around house buying. Some regions they've always gone for "more than asking" for decades, it's just how the game is played.

And other places consistently go for "less than asking" - but the end result is the same, really.

onlyrealcuzzo3y ago

3 things.

1) I used their seller's agent, and he gave me ~3% to get the deal done. So really only 12% under asking.

2) The asking price was too high to begin with.

3) The market had started to cool, and they wanted to sell since Winter was coming and Winter isn't a great time to sell a $1M+ condo in Chicago.

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