Monday, June 02, 2008

In contract

We are in contract on a home.

The house was listed at $995,000 and had been on the market for 25 days. I looked at the listing on Redfin and asked myself...does that guy need to sell? So we went to look at the house.

This is a pretty place on a large lot with a view in a good school district. We heard from the seller's Realtor that they were considering a price reduction. We bid $930,000 and after some haggling ended up in a $944,000 contract.

Here's my question: what is the Realtor *thinking* when she tells potential buyers that her seller is considering a price reduction? Why would she do that? Does she work for us, or for the seller?

Here's hoping that the seller's realtor will stay on our side in the coming days! We have a short contingency period, only one week, so I may post rarely.

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