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Originally Posted by LiquidTurbo
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Great video!
For point 1, in the real world example of myself.
Sent an offer in for an apt., got declined and was told "no point sending another offer if its lower than $(Asking price - X). Found out the price she bought it at, and did the math for the percentage. Turns out her counter offer to me is a whopping 22% increase from where she bought it at.
So back to point 1. For a 2 br+2 bath apt., isn't 22% really unreasonable especially when she only bought it 5 years ago (Will double check)? Or am I going to find that for most Richmond apts.?
Edit: Did more research, turns own for apts. in the past 5 years there was a ~11% increase in price. So I think how it works is that she is asking ~+10% profit vs the 22% i said above. Correct me if im wrong!