Can you help me understand those types of real estate markets? If they are sold immediately doesn't that mean the sellers are giving up substantial gains by not asking enough?
What I do know is that most of the apartments I've seen which were offered at a good price went for sale as part of a divorce settlement. My significant other has an uncanny talent in getting such information from people.
This neighbourhood was planned with families in mind and people hold on to their properties here, so I suspect it's mostly divorcees wanting to deal with the matter as soon as possible.
Normally investors scoop it all up, but at the third attempt in this area I managed to get ahead of them.
Divorce makes the fastest sales but the thing is people always sell for a reason anyway and every seller have somehow a deadline depending on what’s next.
Most of the time, sellers are in the process of buying another place (or other life reasons like divorce or whatever) so they are incentivized to sell at a good price but also pretty quick.
