Thanks for the support, four walling, I appreciate it.
To waitingpatiently – you don’t need ALL the houses to get down to your price – Just ONE! To answer your specific question about what price that would be, I think in the higher-end areas if you can find a great-looking house in a good location today around 2003 pricing, you’ll see it fly off the market.
Next summer? Not sure about prices then, but the fourth quarter of 2008 will be an opportunity to nab one from a desperate seller. All eyes will be on the election, school, holidays, etc., and sales should slow to a crawl (again, like in 2007). With less competition from other buyers in a market where only those sellers who really need to sell scurrying around, it will be an ideal time to bust one with a lowball offer.
I think it’s worth it to keep looking straight through, because you never know when you might find the perfect house at the perfect price.
Feel free to contact me if you’d like to discuss it further:
P.S. If you are willing to compromise on quality or location, you can do better, probably closer to 2002 pricing. But are you willing to settle? Most people aren’t. We’ll sort through the features and benefits of each house and put the right value on them, and that way, you’ll get the most, and pay the least.
