MLS “gaming,” ethics, ” internet search terms, meta tagging, sellers’ motivations, training v. education, buyers’ points of view, the difference between unethical and sneaky, educated buyers, pricing, the state of the market, and the value of a buyer’s agent. Etc etc etc. Quite the read. (ed note: regarding this post)
It is also important to me that this is the same agent. And what the “similar” price is. Is it a $20K price drop for a $400K house? That type of “drop”, about 5%, is unrealistic for something that has been for sale for at least a year.
Additionally, I am going to be suspicious of this particular seller’s agent in the future, as s/he hasn’t done his/her “homework” on the local and national economy.
Assessments don’t have anything to do with what the house is worth in this market. Why don’t seller’s agents tell them this?
The occasional snark aside, the insight available in this discussion is worth a read from sellers, buyers and not least Realtors.
It can be a good time to buy – but not always, and not for everyone.