Greedy seller or market doom? https://www.redfin.com/CA/San-Mateo/1776-Rex-St-94403/home/1331509?utm_source=ios_share&utm_medium=share&utm_campaign=copy_link&utm_nooverride=1&utm_content=link
I thought it was oracle guy again
Is that guy alive still? 😂
Not market doom, but the market is cooling
Wait till it sell. Your underwear will be wet
Doomed, everything is going to zero. Panic and sell me all your real estate. I pay cash.
Lol. Reminds me of those ads for We Buy Ugly Houses for Cash.
Weak location, ugly property, streets on all sides, not updated, poor schools, and over priced at the beginning. This is desperation that bidding will drive price above previous list, they were probably getting at or below ask.
Counter point: great location, ugly but fixable house, corner lot, easy to update, good schools (9 out of 10 anyway).
Definitely fixable but that's not a nice part of San Mateo. Aragon high is good but the elementary school is a 4 and Jr high is a 6, stand by the poor schools comment. Corner lot in this context means no privacy.
Probably some major problem discovered like cracked foundation...
Cracked foundation doesn't cost 450k to fix. Most likely a strategy to get bidders.
I am the seller of this house and just today got an offer for 1.78 mil no contingencies..All you looser just keep talking about recession..while I make money...thanks for free publicity
Looks like the Redfin estimate just got adjusted down as well
It’s a strategy that we encountered while buying our million dollar+ crap shack. I’d say greedy seller, hoping to drive interest and encourage a bidding war by being below median price. Inventory is so low that this may get snapped for 10-20% over Redfin estimate of $1.6mn.
It was listed for $1.65M last week.
Makes sense. They realized that they will get 4x more offers by dropping price below median. Greed is good - Gordon Greedko