Add to the fact that as the buying price increases most buyers are looking for more specific things as well. If you are in the market for a million dollar home today you have different expectations of that property than a person looking to spend half that. If things aren't exactly what you're looking for as a high end buyer there is no deal, whereas most buyers spending average figures will be alright with repainting or remodeling. ( a generalization to be sure, but more often the case I would say)
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