Comment by mbac32768
18 hours ago
Yes. I know. I wonder if they persist in asking too much because they're overly leveraged. My second paragraph.
18 hours ago
Yes. I know. I wonder if they persist in asking too much because they're overly leveraged. My second paragraph.
If they were overleveraged, they’d be doing a short sale or foreclosure (if you’re underwater, a traditional sale is off the table unless you can bring the negative equity in cash to closing). Otherwise, you are spot on. Sellers who aren’t cutting prices don’t have to and can ask their “make me move” price, to your point, either because they have a low payment or low interest rate. In some cases, they turn into accidental landlords to get the cashflow instead of concede on price.