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Updated over 5 years ago,
Canton Personal Residence/House Hack
What's the market trend in Canton right now? I'm looking for a personal residence that I can house hack - preferrably a 3br/2ba or one that has space I can upgrade to a 3br/2ba. Prices to me seem to be a little high, yet I keep hearing that the market is slowing. I'm not necessarily one for "timing the market" but at the same time I'm not in a huge rush and wondering if I should tough it out for another 3-6 months.
Today I looked at a potential property, it's a short sale, was purchased in 2007 for $275,000, currently asking $240,000.
A couple weeks ago I put in an offer (they barely countered, basically said nope.) on a 2br/1ba with no central air but plenty of room to make it a 3br/3ba (and a parking pad!) for $255,000 (seller pay closing) on a $265,000 asking price house. I know I came in kind of low; they bought it in 2014 for $242,000. Am I way off?
It just seems to me that the sellers are still wanting too much for what seems to me to be a slowing area...