- This topic has 85 replies, 11 voices, and was last updated 13 years, 3 months ago by SD Realtor.
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August 10, 2011 at 10:00 AM #19015August 10, 2011 at 10:10 AM #717147kev374Participant
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.
August 10, 2011 at 10:10 AM #717983kev374ParticipantWhat 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.
August 10, 2011 at 10:10 AM #717831kev374ParticipantWhat 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.
August 10, 2011 at 10:10 AM #718344kev374ParticipantWhat 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.
August 10, 2011 at 10:10 AM #717236kev374ParticipantWhat 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.
August 10, 2011 at 10:15 AM #717251sdrealtorParticipantIf you beleive that at least a 10% drop is imminent I would advise waiting it out.
August 10, 2011 at 10:15 AM #718358sdrealtorParticipantIf you beleive that at least a 10% drop is imminent I would advise waiting it out.
August 10, 2011 at 10:15 AM #717162sdrealtorParticipantIf you beleive that at least a 10% drop is imminent I would advise waiting it out.
August 10, 2011 at 10:15 AM #717845sdrealtorParticipantIf you beleive that at least a 10% drop is imminent I would advise waiting it out.
August 10, 2011 at 10:15 AM #717998sdrealtorParticipantIf you beleive that at least a 10% drop is imminent I would advise waiting it out.
August 10, 2011 at 10:19 AM #718363SD RealtorParticipantWhat you think is inconsequential. What is important is what do the sellers think? Submitting a lowball offer is virtually effortless so ask you agent to do so. If you find that your offer is in line with comps, then you can have your agent send the comps to try to bolster your argument. Time on market is important as well as submitting a lowball offer to a home recently listed is much less likely to get a response then submitting a lowball offer to a home with a few months on the market.
So shoot off the lowballs and be patient. Be prepared for many declines or no responses. If you are patient (and realistic) though the market will come to you.
August 10, 2011 at 10:19 AM #717167SD RealtorParticipantWhat you think is inconsequential. What is important is what do the sellers think? Submitting a lowball offer is virtually effortless so ask you agent to do so. If you find that your offer is in line with comps, then you can have your agent send the comps to try to bolster your argument. Time on market is important as well as submitting a lowball offer to a home recently listed is much less likely to get a response then submitting a lowball offer to a home with a few months on the market.
So shoot off the lowballs and be patient. Be prepared for many declines or no responses. If you are patient (and realistic) though the market will come to you.
August 10, 2011 at 10:19 AM #717851SD RealtorParticipantWhat you think is inconsequential. What is important is what do the sellers think? Submitting a lowball offer is virtually effortless so ask you agent to do so. If you find that your offer is in line with comps, then you can have your agent send the comps to try to bolster your argument. Time on market is important as well as submitting a lowball offer to a home recently listed is much less likely to get a response then submitting a lowball offer to a home with a few months on the market.
So shoot off the lowballs and be patient. Be prepared for many declines or no responses. If you are patient (and realistic) though the market will come to you.
August 10, 2011 at 10:19 AM #718003SD RealtorParticipantWhat you think is inconsequential. What is important is what do the sellers think? Submitting a lowball offer is virtually effortless so ask you agent to do so. If you find that your offer is in line with comps, then you can have your agent send the comps to try to bolster your argument. Time on market is important as well as submitting a lowball offer to a home recently listed is much less likely to get a response then submitting a lowball offer to a home with a few months on the market.
So shoot off the lowballs and be patient. Be prepared for many declines or no responses. If you are patient (and realistic) though the market will come to you.
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