The way I see it, the minute you pick up your property at a 20% discount I can then comp simliar homes and they will come down to the level I am looking at. The person who thought he was buying at a discount really didn’t get that big a discount at all.
How many low ball offers are working? None. I don’t see any homes standing out as dropping 20 % relative to otehr homes bought before or afterwards.
What does work. If you are extremely skillful and can buy a good piece of dirt witha crap house on it and with your swaet and labor can bring that house back to life. That guy can get a 20 % discount because he his going to invest his time bringing that property back to life. How many people can do that. Not me. I tip my hat to those who can.
