• FlowVoid@midwest.social
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    1 year ago

    If everyone knows that home prices will rise

    Some people don’t pay attention to forecasts. Some people sell because they need money now. Some people sell because they need to move now. Those people won’t wait for prices to increase.

    Nobody knows what will happen. It’s a forecast. If I forecast 2% inflation next year, my forecast does not automatically cause prices to immediately increase. Next year, everyone will see if the forecast was accurate.

    • dragontamer@lemmy.world
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      1 year ago

      Some people don’t pay attention to forecasts.

      That’s literally your Real Estate agent’s job.

      Some people sell because they need money now. Some people sell because they need to move now. Those people won’t wait for prices to increase.

      Your opponent in the negotiations doesn’t need to know that. That’s why its your Real Estate Agent’s job to negotiate a good price for you. If you got a good relationship with your Real Estate agent, they can possibly sell your home to a flipper (possibly working with the real estate firm) who can give you a fairer price while simultaneously making more money for themselves.