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Housing market slump?
#55
Mike Wrote:if a house doesn't show well, it'll a) not sell or b) get offers for less.

Fixed that. People will underoffer a house that doesn't show well but the sellers aren't likely to take it because they see what comparable (in spec) houses are getting. Comparative market analysis is done solely on how the house looks on paper and that's how housing prices are set. Just because it shows crappy doesn't mean the sellers are going to be willing to take less... and if they are, it will be after 180+ DOM... which speaks to Paul's point.
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