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Price negotiation
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jfunk138

Joined: 27 Mar 2010
Posts: 10

Posted: Mon Mar 29, 2010 2:23 pm GMT Post subject:

CC wrote:

This has nothing to do with negativity. Its zestimate is only $341k. You probably notice most recent final transactions are around or lower than zestimate. Besides, why would you want to spend that much of money on a house which is only 200m from a rail road and less than 400m to a major high way?

Being close to the highway is actually somewhat of a selling point for us. At the end of a 30 mile highway commute, who wants to be dealing with local traffic? Maybe I'm weird like that. Being close to the rail isn't great but only 13 trains a day make it out that far. Before anybody asks we are looking this far out to be close to her parents Rolling Eyes

I've lost this argument already. Doesn't matter how many people tell her she's insane.

In terms of pricing though you are dead on. I really don't think they'll get any bites at $398,000 for a house next to the train, in a lower priced neighborhood, no matter how many upgrades they did.

mpr

Joined: 06 Jun 2009
Posts: 344

Posted: Tue Mar 30, 2010 11:25 am GMT Post subject:

CC wrote:

A zestimate is only one data point. It can be grossly wrong in either direction.
Its definitely not a substitute for really knowing the market.

Guest

Posted: Tue Mar 30, 2010 4:46 pm GMT Post subject:

mpr wrote:

CC wrote:

A zestimate is only one data point. It can be grossly wrong in either direction.
Its definitely not a substitute for really knowing the market.

You are totally right. BUT like I said, most recent final transactions are around or lower than zestimate. Zillow also listed recent transactions around the neighbor. It's still a very good reference and I don't think anyone considering buying a house without looking these data as a reference.

john p

Joined: 10 Mar 2006
Posts: 1820

Posted: Tue Mar 30, 2010 4:58 pm GMT Post subject:

Since January 08, my house has followed this course: Up $100k, down 180k, up $120k and then down $130k. It has NEVER been this turbulent; and good reason why people are number one a bit excited and second, don't know what price point to put their house...

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