SD Realtor–Our offer was accepted by the seller and the house is not listed anymore. We contemplated trying the whole “reduce the price by 5K every month” thing but decided not to for the same reasons you mentioned–it would probably just piss everybody off we’d lose the house. No matter what, we should be the only offer until the process is finished.

Temecula Guy–So how does it help us to wait four months, considering we have already put in the offer? Our first offer will be priced 20K too high after four months but we will not be getting the discount…Please exlain.