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Well, I guess you proved that presenting comps is a really bad idea! Honestly, six weeks on the market isn't long at all. The sellers may also have thought having a "ton of showings" meant good things, not that their house was overpriced.
I think I'd stick to houses priced close to comps - less of a pain in the neck!
Evie,hang in there....it just wasn't the right house at this time..you never know, the owners could rethink the whole thing..did they even counter with you?? And I don't think a nasty letter to YOUR agent was very businesslike...maybe if they had accepted the offer they would have turned out being the agent and sellers from He**.
Our agent showed us the comps that he sent over and said he was using. She was so mad - the only one that sold in 2008 was new construction (the house is over 100 years old). He also used a manor from the next town over - one of the houses that was originally built for the wealthy. Grand staircase, etc. I mean, the house we bid on was nice and tastefully upgraded, but it was no grand manor. He didn't use a single one from the neighborhood of which there are a few comps available.
So, I feel much better about all of it. Our agent is still mad - but I think she was proven right by his ridiculous comps. If he can sell it for more to somebody else, then good for him. I'll just buy another house.
Our agent showed us the comps that he sent over and said he was using. She was so mad - the only one that sold in 2008 was new construction (the house is over 100 years old). He also used a manor from the next town over - one of the houses that was originally built for the wealthy. Grand staircase, etc. I mean, the house we bid on was nice and tastefully upgraded, but it was no grand manor. He didn't use a single one from the neighborhood of which there are a few comps available.
So, I feel much better about all of it. Our agent is still mad - but I think she was proven right by his ridiculous comps. If he can sell it for more to somebody else, then good for him. I'll just buy another house.
Good thinking...their agent should have used current comps for like homes, that's why they are called 'comps'. No way with that attitude they are going to sell that house for a while...hang in there...I am getting very good at it..
Our agent showed us the comps that he sent over and said he was using. She was so mad - the only one that sold in 2008 was new construction (the house is over 100 years old). He also used a manor from the next town over - one of the houses that was originally built for the wealthy. Grand staircase, etc. I mean, the house we bid on was nice and tastefully upgraded, but it was no grand manor. He didn't use a single one from the neighborhood of which there are a few comps available.
So, I feel much better about all of it. Our agent is still mad - but I think she was proven right by his ridiculous comps. If he can sell it for more to somebody else, then good for him. I'll just buy another house.
You are not alone. We offered on 2 houses and wanted to offer on a couple others, but decided not to because we pretty much knew it would get rejected. The houses were not priced within the comps (or anywhere near them actually) in the neighborhood and our offers were quite low compared to asking price. The listing agent would come back with comps that weren't really comps, but after all, it is their job to try to sell the house (but not be rude as in your situation). We made our 3rd offer today on a well-priced house and it was accepted. The moral of the story, at least mine, is if you can catch a well-priced house as it comes on the market (as our agent did) and manage to get the offer in, it can happen. Keep looking!
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