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^ I think there are also many who are hoping to cash in on this foreign money, and have their homes listed for exorbitant amounts hoping for that 1 right buyer--it only takes 1. The foreign buyers are not stupid and looking to park their money just anywhere. When you have the cash on hand, you have choices and options, and obviously you would still want value.
ie. 25% off on a house asking for 2M that's really only worth 1.5M isn't really much of a deal at all, its an inflated asking price. Also if it's been on the market for so long, you have to wonder why, and are the sellers actually keen on selling or just fishing for the right buyer and cashing in big.
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