Comp Killer

[propertysearchaddiction]

My realtor didn’t need to drag me down there to see distressed houses because I live here and know a lot of the distressed homeowners personally. The ironic thing was that we both had a huge list and we both had many homes that weren’t on each others list.

We won’t make any offers until October. I would like to wait until the $8,000 tax credit expires or wait to see if it turns into $15,000. There are also about 20 homes to be auctioned this month so I would like to wait and see if that actually happens.

We will probably make our offers in Nov/Dec. To even attempt an offer like that we will need the Tax credit expired/holidays. My feelings aren’t going to be hurt if the bank says no. My strategy is to give it a try this winter. If it doesn’t happen we’ll simply pay more in the spring. I can’t ignore that prices have statistically fallen 10% every winter for the last 4 years after a spring/summer bounce.

[BGinRB]

[quote=propertysearchaddiction]
We won’t make any offers until October. I would like to wait until the $8,000 tax credit expires or wait to see if it turns into $15,000. There are also about 20 homes to be auctioned this month so I would like to wait and see if that actually happens. [/quote]
Make an offer before the status of the credit is known and drag the closing for few weeks.
If it does not get extended/replaced try to get some price adjustment based on that or close quickly, in time to capture it.
If it gets extended/inflated enjoy it.

[BGinRB]

[quote=propertysearchaddiction]
We won’t make any offers until October. I would like to wait until the $8,000 tax credit expires or wait to see if it turns into $15,000. There are also about 20 homes to be auctioned this month so I would like to wait and see if that actually happens. [/quote]
Make an offer before the status of the credit is known and drag the closing for few weeks.
If it does not get extended/replaced try to get some price adjustment based on that or close quickly, in time to capture it.
If it gets extended/inflated enjoy it.

[BGinRB]

[quote=propertysearchaddiction]
We won’t make any offers until October. I would like to wait until the $8,000 tax credit expires or wait to see if it turns into $15,000. There are also about 20 homes to be auctioned this month so I would like to wait and see if that actually happens. [/quote]
Make an offer before the status of the credit is known and drag the closing for few weeks.
If it does not get extended/replaced try to get some price adjustment based on that or close quickly, in time to capture it.
If it gets extended/inflated enjoy it.

[BGinRB]

[quote=propertysearchaddiction]
We won’t make any offers until October. I would like to wait until the $8,000 tax credit expires or wait to see if it turns into $15,000. There are also about 20 homes to be auctioned this month so I would like to wait and see if that actually happens. [/quote]
Make an offer before the status of the credit is known and drag the closing for few weeks.
If it does not get extended/replaced try to get some price adjustment based on that or close quickly, in time to capture it.
If it gets extended/inflated enjoy it.

[BGinRB]

[quote=propertysearchaddiction]
We won’t make any offers until October. I would like to wait until the $8,000 tax credit expires or wait to see if it turns into $15,000. There are also about 20 homes to be auctioned this month so I would like to wait and see if that actually happens. [/quote]
Make an offer before the status of the credit is known and drag the closing for few weeks.
If it does not get extended/replaced try to get some price adjustment based on that or close quickly, in time to capture it.
If it gets extended/inflated enjoy it.

[sdrealtor]

Propertysearchaddiction
Make the offers between mid Oct and late Nov. I’m sure your agent probably told oyu this already but December is generally too late for the best deals.

[sdrealtor]

Propertysearchaddiction
Make the offers between mid Oct and late Nov. I’m sure your agent probably told oyu this already but December is generally too late for the best deals.

[sdrealtor]

Propertysearchaddiction
Make the offers between mid Oct and late Nov. I’m sure your agent probably told oyu this already but December is generally too late for the best deals.

[sdrealtor]

Propertysearchaddiction
Make the offers between mid Oct and late Nov. I’m sure your agent probably told oyu this already but December is generally too late for the best deals.

[sdrealtor]

Propertysearchaddiction
Make the offers between mid Oct and late Nov. I’m sure your agent probably told oyu this already but December is generally too late for the best deals.

[Author]

Posts