The starting price is important though in determining the demand. If a seller gets greedy and the starting price is unrealistic, their home is going to sit! In two instances my clients offered a reasonable bid on properties that were clearly overpriced. In one scenario we were swiftly told, "no thanks we will wait for our number and with a 2.2% mortgage rate we can hold onto our empty property!" Maybe the real estate gods will grant them their magic number, but not from us.
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