Quote:
Originally Posted by Gerbs
That listing dropped from like $525k > $450k over the span of 3 - 4 months. I wonder if it's actually not selling or they want a bidding war lol.
|
It's possible, yes. If it's been on the market for a financial quarter, chances are, they want to generate interest and sell to the highest bidder, conditions or not. If you do the math, that's a price drop of about 17%, which is unlikely and unrealistic. At $525K, it's possible that the asking/listed price was higher than the market benchmark.
Quote:
|
Originally Posted by Gerbs
Do you think it makes sense to just buy the newer unit if you think you'll upgrade in like 5 - 7 years?
|
Yes. I'm at the pivot point where I want to upsize because:
1. My area has more or less peaked in terms of appreciation (My building is 4 years old, and I'm the original owner of the unit)
2. I would say if you crunch the numbers, I've made a pretty penny on my unit, and the price point meets the requirements of most, if not, all first-time home buyers. They would be my target market and demographic when I put it on the market.
Now to find a place with a 2-car garage. #broke
