01 Aug Bought a house under asking price in LA area
We’ve been looking at houses for 3 months. Missed out on a couple that we liked. There was one house that we liked in great shape with everything that we needed (4bd, high rated schools) except a back yard (only a small patio). It was overpriced by about $10k as well so we didnt make an offer. Fast fwd a month it was still sitting and price had dropped by 10k. We think this mainly due to lack of staging, horrible pics and using an out of town realtor. Houses in this area are usually gone in one weekend with multiple offers. Made an offer and after some counters we got it for 15k under the new lower asking price. We’re planning on spending the money we saved to turn the driveway that runs along the side of the house into a yard/driveway using drivable grass pavers.
TLDR: got a good deal by going for the house that didn’t have any staging and bad pics.