Better news?
Another link supplied by a reader: Home Sales up Sharply Nationwide. Any good news is welcome, of course, but a lot of these sales are generated because of drastic price cuts by the new owner (a bank) or a desperate seller. Still, a sale's a sale and accomplishes at least two things: provides a house to someone who perhaps couldn't afford one last year; and clears out inventory. If you wonder why Greenwich sales are dead dead dead, start by looking at pricing.
2 years ago
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2 comments:
If you are looking at a rental property in the Greenwich, Riverside, Old Greenwich area, is there any easy back of the envelope calculation you can do, to see what would be a fair price to bid to buy the property?
I think Chris would agree - no one knows what a fair price is - in today's market. I would think - most owners would consider any reasonable - (who knows what that might be) - offer!
Yes - Chris - Where are the buyers??
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