Asked by Kronhead, 07920 • Wed Feb 11, 2009
I am interested in a property in mendham which i know sold in early 2003 for a price in the region of $400k less than the current listing price. The property has been listed for a long time (through the back half of 2008), and been through 2 or 3 price reductions, and has still not sold. I dont believe the current owners have made any significant upgrades to justify the current listing price since their purchase in 2003. Given that i keep hearing that prices are now in the 2003 domain, would it be a reasonable place to start to offer at around the 2003 purchase price level, bearing in mind that it is so vastly different from what their expectations appear to be? I don't wish to insult anyone, and im a good prospect as a buyer (nothing to sell, finances in place etc). I know noone is able to categorically say what the best thing to do is, but i would welcome advice and opinions. Thanks!
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