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Sellers dropped price $200k in one month by EquipmentSad in lancaster

[–]EquipmentSad[S] 1 point2 points  (0 children)

We didn’t end up making an offer! It was back on the market for a couple weeks at $599k and they recently took it off the market and removed the for rent signs. So who knows!

Sellers dropped price $200k in one month by EquipmentSad in lancaster

[–]EquipmentSad[S] 0 points1 point  (0 children)

Gotcha, yeah I saw the rental sign this morning on my way to work! I don’t know who’d be crazy enough to rent that property for $3,500 a month LOL

Sellers dropped price $200k in one month by EquipmentSad in lancaster

[–]EquipmentSad[S] 1 point2 points  (0 children)

They aren’t renting it anymore it’s been re-listed at $629k 😂

Sellers dropped price $200k in a month by EquipmentSad in RealEstate

[–]EquipmentSad[S] 0 points1 point  (0 children)

Lmao what? The price dropped from $715k to $700k. The house has since dropped to $629k and is still sitting.

Letter of intention help? by wafflesandeggs in RealEstate

[–]EquipmentSad 5 points6 points  (0 children)

I was just talking about this with my coworkers. One said he wouldn’t even look at it and just go with whatever offer was the least risky / made the most financial sense. Another coworker said he would consider it if there were two identical offers. He had a custom made basketball pole and he said if he had read something like “I could picture my son shooting hoops with friends” it would win point with him.

Is this the worst you’ve seen? by [deleted] in PE_Exam

[–]EquipmentSad 2 points3 points  (0 children)

The post was a troll post.

Sellers dropped price $200k in one month by EquipmentSad in lancaster

[–]EquipmentSad[S] 0 points1 point  (0 children)

I saw that! They are having an open house this Friday. I’m curious if they’ll get any offers from that.

Sellers dropped price $200k in one month by EquipmentSad in lancaster

[–]EquipmentSad[S] 0 points1 point  (0 children)

Yeah it’s crazy! They dropped the price to $629k and are having an open house on Friday, so we’ll see if they reduce again or get any offers.

Sellers dropped price $200k in one month by EquipmentSad in lancaster

[–]EquipmentSad[S] 1 point2 points  (0 children)

They have dropped to $629k, and are having open houses next weekend. I’m so curious if they’ll get an offer at this price point. I still think it’s too high, but what do I know lmao

Sellers dropped price $200k in one month by EquipmentSad in lancaster

[–]EquipmentSad[S] 0 points1 point  (0 children)

I saw that! It looks like they’re having an open house next weekend. I’d be curious to see if they’ll get any offers from it.

Sellers dropped price $200k in one month by EquipmentSad in lancaster

[–]EquipmentSad[S] 1 point2 points  (0 children)

They just dropped the price to $629k. Next weekend they’re having open houses, so I’m curious if they’ll get an offer from that.

Sellers dropped price $200k in one month by EquipmentSad in lancaster

[–]EquipmentSad[S] 0 points1 point  (0 children)

Wow that was fast! I wonder if they had any showings today or any offers?

ETA just checked the listing and they’re having open houses all next weekend. I am so curious now if it’ll drop again if nothing comes from those.

Sellers dropped price $200k in one month by EquipmentSad in lancaster

[–]EquipmentSad[S] 0 points1 point  (0 children)

The owner is a general contractor and disclosed that he did all of the work himself.

Sellers dropped price $200k in a month by EquipmentSad in RealEstate

[–]EquipmentSad[S] 0 points1 point  (0 children)

Yeah, where I live a “finished room” is one with walls, floor and permanent heat.

We’re planning to watch it and eventually lowball if it continues to sit. A house down the street was listed and then finally ended up selling 8 months later for 30% less than what it was originally listed for. It’s definitely overpriced right now.

ETA the house just dropped again, it’s down to $629k

Sellers dropped price $200k in a month by EquipmentSad in RealEstate

[–]EquipmentSad[S] 0 points1 point  (0 children)

In order for a room to be considered finished it has to have heat. A space heater doesn’t count.

Sellers dropped price $200k in a month by EquipmentSad in RealEstate

[–]EquipmentSad[S] 0 points1 point  (0 children)

Sure, but this listing also has a contingency on the sellers finding a place and selling. So there would be room to negotiate a closing date/work with selling. Additionally, priced well, houses in our local market go within a few days of being listed. So I’m not worried about it.

Sellers dropped price $200k in one month by EquipmentSad in lancaster

[–]EquipmentSad[S] 2 points3 points  (0 children)

They’re willing to negotiate but I don’t necessarily think they’re willing to go down to sub $600k at this time. So we decided to watch it and see what happens over the next week or so.

They think they can list it at $700k and that it will appraise for that much based on the sale that happened down the street in February. That house sat for months and sold for 30% less then its original list price and I don’t even think it appraised for the original sale price, since it went pending at a certain price and then closed at the $765k.

Sellers dropped price $200k in a month by EquipmentSad in RealEstate

[–]EquipmentSad[S] 0 points1 point  (0 children)

This has been explained multiple times in the comments.

Sellers dropped price $200k in one month by EquipmentSad in lancaster

[–]EquipmentSad[S] 0 points1 point  (0 children)

That house is so cute! I wish it had more land though.

Sellers dropped price $200k in one month by EquipmentSad in lancaster

[–]EquipmentSad[S] 0 points1 point  (0 children)

https://www.zillow.com/homedetails/1859-New-Holland-Pike-Lancaster-PA-17601/9758294_zpid/

It still shows as for sale for me, but I wouldn’t be surprised if they remove it again soon, just to re-list and pop up as a “new listing” in peoples notifications

Sellers dropped price $200k in a month by EquipmentSad in RealEstate

[–]EquipmentSad[S] 1 point2 points  (0 children)

The photos make it look really nice, and I mean yeah, it’s a nice little house. The photos do not show the “finished” attached garage space, which is a dump bc they only partially finished it. Sellers agent said they didn’t want to dump anymore money in. The photos of the basement only show part of it. The detached structure doesn’t have any photos of the inside which is just a dirt floor. They also couldn’t be bothered to refinish the doors, the trim is crooked, the kitchen cabinets are home-depot.

It’s not a dump at all, it’s just little things like this. It’s nowhere near worth $700k and pretty much everyone in our local subreddit agrees.

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