I’m selling my house in a pretty new neighborhood, all houses are about 2-4 years old and in great condition. Everything that has sold within the past 2 months and even going back to January and February has sold for at least 40k above the original new construction purchase price. As such, there are plenty of comps readily available from just these past 2 months to get a correct and fair price for the house.
The buyers agent is instead pulling some of the original comps from original owners buying straight from the builder towards the completion of the total neighborhood project, and then added in a recent one that his client bought for an absolute ridiculous discount because the family needed to leave the state for work and were desperate.
My agent is laying down the hammer on this guy but what self respecting agent would pull 2+ year old comps when you have all the recent sales numbers to justify an actual offer.
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source https://www.reddit.com/r/RealEstate/comments/oab395/buyers_agent_trying_to_use_2_year_old_comps_to/
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