I'm a first time home buyer looking for a house. I had my agent set up a showing for a home this weekend only to find that the price of the home has suddenly jumped $5000 today! What happened? Is this shady business or is there a logical explanation?

I'm a first time home buyer looking for a house. I had my agent set up a showing for a home this weekend only to find that the price of the home has suddenly jumped $5000 today! What happened? Is this shady business or is there a logical explanation?
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1 Answer

Answer :

Shady business in the housing market? It’s a frequent thing these days. That does sound fishy. Prices are all going down not up. I’d say drop your bid $6000 and let them know it’s a down market.
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