I was watching the news today and saw that stocks aren't doing so hot because of a report that home prices fell 15.3% in April. Curiosity got the better of me and I checked online to see if the house we just finished not buying was still on the market. Keep in mind that our former realtor had told us that another buyer was waiting in the wings with an offer on the house and we were going to lose out big if we didn't go through with the deal.
Well, I found the house. Still on the market. And they've lowered the price from $264,000 to $249,900. That's less than $5000 off our offer. We're stunned. They should have just accepted our initial offer of $220,000.
What's with our former realtor? We plan to interview realtors next time, because we think this is crazy.