[quote=spdrun]How picky are the aforementioned buyers? I’m still seeing condos that fetch ~7% on the dollar when rented selling in the 80-150k range. But the offers must be nearly immediate and ideally in cash.[/quote]
Well I personally don’t think anything wrong with being picky… But I think sometimes what happens is the thought process of “wow, prices are starting to dip… I’m going to wait it out and hope it goes lower…much lower”….Except that didn’t happen…
We all sometimes have this mentality…When I was deciding over a condo that came up, at the time I was sometimes I was agonizing over just tiny amount. Not that it really would have affected cash flow…It was pointed out to me that in the long run of things, because the price will look great a year or two from now…And that was spot on too. No way the same property could go for that price today…
Sometimes folks (inclusive) look at the pennies and end up missing the boat.
In other cases, I think sometimes we all have unrealistic expectations that we will find a killer deal all the time….
