Asked by Kathy, Phoenix, AZ • Tue Sep 16, 2008
Some have had Az rooms or garages added) There have been two foreclosures this year that sold at $130 each. Two homes sold a year and a half ago at $185. Now two houses (both vacant) are listed at $200k or more. Seems to me the prices should be 15 -20% less than year and half ago. Nothing extra special about these homes or the subdivision for that matter. One's been on the market for 7 mo, the other 2. I made one cash offer and it was ignored. I've talked to two buyers realtors and one said I should offer atleast $180 k and the other says $200k. I think these figures are too high given the market. Should I just keep waiting to see if the owners get more realistic? or am I wrong about the value?
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