I got an email from a buyer I have been working with for nearly two years. She noticed one property she has been eying had recently raised the asking price by $200,000 (not a typo) . I looked the property up and recalled having discussed the property with my buyer several months ago. Sometimes sellers will agree to a price reduction to stimulate new interest in their property. But there are some sellers, I guess, who believe that if they raise the price on their house and are willing to wait for the right buyer to come along, that they will eventually get their price.
I guess if a seller is wiling to wait as long as it takes to get his or her price the wait is worth it. I guess.
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