[quote=kev374]What I am saying is that I believe personally with 100% certainty that prices will decline AT LEAST 10% and I think there is a good possibility of a total 20% decline, therefore a 10% below asking is a safe bet. I personally do not think prices will decline further than 20% hence even an offer at 10% below is a gamble in my opinion but i’m willing to be upside down 10% for a bit if it means I can get into a home now.

However, I will NOT get into a home at asking prices because I do not want to expose myself to a 20% decline which I think is just way to steep to recover from without waiting a very long time.[/quote]

If the market isn’t very liquid, then 20 or 30% isn’t too low to offer. If there are good comps and they do sell when priced right, you are just wasting your, and your Realtors time.

You want to make clean offers so the seller has no concerns but the price.

If you are looking at a condo where the units are pretty much equivalent, you can start sequentially making offers on all off them.

You do need to have a heart to heart with your Realtor to see if he is happy making lots of low balls. If not, find another one.

You can either get the exact house of your dreams or a really good deal on your 15th choice. You probably won’t get both.