Now listed at less than a previous offer

I saw ieb said this in another thread and it reminded me of my own story. ------------------------- ieb about 2 hours ago ignore this person report abuse Hi 30yrs: You are so right. I’m a buyer that’s been looking for more than a year and what you say is exactly what I see. Let me tell you about my experiences. First I’m looking in the upper middle or lower upper segment (d0n’t know what to call... [more]

I saw ieb said this in another thread and it reminded me of my own story. ------------------------- ieb about 2 hours ago ignore this person report abuse Hi 30yrs: You are so right. I’m a buyer that’s been looking for more than a year and what you say is exactly what I see. Let me tell you about my experiences. First I’m looking in the upper middle or lower upper segment (d0n’t know what to call it) of the market where maybe the sellers aren’t so motivated to aggressively or realistically lower prices. Case #1. Made an offer almost a year ago and was told that I was way too low and better move up and that there were offers much higher that had been rejected. I thought that something wasn’t making sense when the broker put me in direct contact with the seller who also tried to talk me up. I followed the listing through a couple of price drops sometimes they take the apt off the market for a few weeks to make it look like a new listing but we have se for that. About six months ago the broker calls and says that they’re accepting final best offers and that they had to be submitted that week and of course my previous offer was way bellow other bids. Obviously, I ignored it and funny thing, the apt is still unsold and the current asked price is now equal to my last offer. No longer interested. ---------------------------- For my story, I offered $600k for a 1BR last summer and was summarily rejected and told I "wasn't negotiating in good faith" or something like that. That place is languishing on the market for $575k and, based on comps, probably can't sell for more than $500k now. I really should send that seller a big Thank You gift basket. [less]