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October 19, 2007


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It sounds like $239k is more realistic, at least from your buyer's perspective.

That would have been one good deal!

I once looked at a charming old farmhouse that had the wrong zip code entered into MLS. The zip code put it right in Chapel Hill, NC, but in reality it was located miles out into the country. Anyone looking for a house in Chapel Hill would have dismissed it, and anyone looking for a house out in the country would have been unlikely to find it. As a result, there was little competition on the house, and I am sure that we would have benefited from that. In the end, we decided it was too much work for us to fix up in our current season of life.

The moral is that if you are selling a house through a realtor you should double check their work!

How does a price misprint equal almost saving 100k on a house? There is no way that it would have sold for that price.

Nothing would have happened - because you have put in an "offer" and they would simply rejected that "offer." What would have been more interesting if their realtor messed up and offered it to you for $239K and you accepted said offer. Regardless, nothing would happen because in most states a real estate contract must be in writing to be enforceable (generally).

Unfortunately that kind of thing happens all too often. A friend's elderly mother listed her house last year but got no interest in it at all and couldn't figure out why. Turns out that the realtor had listed the house for $1,349,000 instead of $349,000. No wonder no one looked. Unfortunately by the time my friend's mother mentioned it and my friend found the error the house had been on the market for months at that price. They had to delist it for a while to clear the days on the market before relisting, even though the lack of a sale was the agent's fault. I still want to know why the agent didn't catch it earlier. The changes in the market are going to have a long term effect on the profit my friend's mom makes off this property (it was a stronger market when she first listed).

I think you need to rethink your whole approach: if you are "unsure" if you want a house at a hundred grand less than what they are asking for it when you put it on your watch list, you aren't too serious about it in the first place.

Nice deceiving title, however. You were never even close to "saving" $100k on a house, as a commenter above observes.

No kidding, did you want it for half the original list price or what? How much do you think it will actually go down?

I believe you are way to adamant about buying a house right now. Methinks this bursting bubble has merely begun and we are in for a loooong decline in house prices.

You 'almost' saved nothing. Really I hope this was a joke post with all due respect or just a stream of consciousness 'what if?'.

And I agree you should wait for a while, take a look at the upcoming ARM resets, that should keep the market in check. Check out for more details.


I think many of you are taking me way too seriously. ;-)

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