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sreeb
Participant[quote=kev374]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.[/quote]
If the market isn’t very liquid, then 20 or 30% isn’t too low to offer. If there are good comps and they do sell when priced right, you are just wasting your, and your Realtors time.
You want to make clean offers so the seller has no concerns but the price.
If you are looking at a condo where the units are pretty much equivalent, you can start sequentially making offers on all off them.
You do need to have a heart to heart with your Realtor to see if he is happy making lots of low balls. If not, find another one.
You can either get the exact house of your dreams or a really good deal on your 15th choice. You probably won’t get both.
Participant[quote=kev374]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.[/quote]
If the market isn’t very liquid, then 20 or 30% isn’t too low to offer. If there are good comps and they do sell when priced right, you are just wasting your, and your Realtors time.
You want to make clean offers so the seller has no concerns but the price.
If you are looking at a condo where the units are pretty much equivalent, you can start sequentially making offers on all off them.
You do need to have a heart to heart with your Realtor to see if he is happy making lots of low balls. If not, find another one.
You can either get the exact house of your dreams or a really good deal on your 15th choice. You probably won’t get both.
Participant[quote=kev374]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.[/quote]
If the market isn’t very liquid, then 20 or 30% isn’t too low to offer. If there are good comps and they do sell when priced right, you are just wasting your, and your Realtors time.
You want to make clean offers so the seller has no concerns but the price.
If you are looking at a condo where the units are pretty much equivalent, you can start sequentially making offers on all off them.
You do need to have a heart to heart with your Realtor to see if he is happy making lots of low balls. If not, find another one.
You can either get the exact house of your dreams or a really good deal on your 15th choice. You probably won’t get both.
Participant[quote=kev374]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.[/quote]
If the market isn’t very liquid, then 20 or 30% isn’t too low to offer. If there are good comps and they do sell when priced right, you are just wasting your, and your Realtors time.
You want to make clean offers so the seller has no concerns but the price.
If you are looking at a condo where the units are pretty much equivalent, you can start sequentially making offers on all off them.
You do need to have a heart to heart with your Realtor to see if he is happy making lots of low balls. If not, find another one.
You can either get the exact house of your dreams or a really good deal on your 15th choice. You probably won’t get both.
Participant[quote=kev374]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.[/quote]
If the market isn’t very liquid, then 20 or 30% isn’t too low to offer. If there are good comps and they do sell when priced right, you are just wasting your, and your Realtors time.
You want to make clean offers so the seller has no concerns but the price.
If you are looking at a condo where the units are pretty much equivalent, you can start sequentially making offers on all off them.
You do need to have a heart to heart with your Realtor to see if he is happy making lots of low balls. If not, find another one.
You can either get the exact house of your dreams or a really good deal on your 15th choice. You probably won’t get both.
Participant[quote=briansd1]
[quote=sreeb]
The Tea Party fought the good fight and lost.
[/quote]
I think the Tea Party won at a cost to all of us.
/quote]So far they have cut $23B from a 2012 deficit of $1500B. That is 1.5% of the deficit, less than 1% of yearly spending. Basically nothing. In my book, they lost.
Cutting 1% makes you an extremest?
Participant[quote=briansd1]
[quote=sreeb]
The Tea Party fought the good fight and lost.
[/quote]
I think the Tea Party won at a cost to all of us.
/quote]So far they have cut $23B from a 2012 deficit of $1500B. That is 1.5% of the deficit, less than 1% of yearly spending. Basically nothing. In my book, they lost.
Cutting 1% makes you an extremest?
Participant[quote=briansd1]
[quote=sreeb]
The Tea Party fought the good fight and lost.
[/quote]
I think the Tea Party won at a cost to all of us.
/quote]So far they have cut $23B from a 2012 deficit of $1500B. That is 1.5% of the deficit, less than 1% of yearly spending. Basically nothing. In my book, they lost.
Cutting 1% makes you an extremest?
Participant[quote=briansd1]
[quote=sreeb]
The Tea Party fought the good fight and lost.
[/quote]
I think the Tea Party won at a cost to all of us.
/quote]So far they have cut $23B from a 2012 deficit of $1500B. That is 1.5% of the deficit, less than 1% of yearly spending. Basically nothing. In my book, they lost.
Cutting 1% makes you an extremest?
Participant[quote=briansd1]
[quote=sreeb]
The Tea Party fought the good fight and lost.
[/quote]
I think the Tea Party won at a cost to all of us.
/quote]So far they have cut $23B from a 2012 deficit of $1500B. That is 1.5% of the deficit, less than 1% of yearly spending. Basically nothing. In my book, they lost.
Cutting 1% makes you an extremest?
Participant[quote=briansd1]
It seems like the Tea Party is thinking “let’s manufacture a crisis because, absent a crisis, we won’t get our way.” That’s a dangerous game to play and puts at risk the welfare of all Americans.[/quote]The Tea Party is attempting to avoid a future crisis. I don’t see how the Federal Government spending 60% more than it earns (taxes) can end in anything but disaster. To say they are “manufacturing” a crisis borders on delusional. I know you don’t run your personal budget this way or you would be living in the streets sans internet.
The Tea Party fought the good fight and lost. I expect more of the same over the 2012 budget.
We are at a point where even a return of interest rates to historical norms would cause a debt death spiral. We aren’t willing to do anything significant to avoid it.
Participant[quote=briansd1]
It seems like the Tea Party is thinking “let’s manufacture a crisis because, absent a crisis, we won’t get our way.” That’s a dangerous game to play and puts at risk the welfare of all Americans.[/quote]The Tea Party is attempting to avoid a future crisis. I don’t see how the Federal Government spending 60% more than it earns (taxes) can end in anything but disaster. To say they are “manufacturing” a crisis borders on delusional. I know you don’t run your personal budget this way or you would be living in the streets sans internet.
The Tea Party fought the good fight and lost. I expect more of the same over the 2012 budget.
We are at a point where even a return of interest rates to historical norms would cause a debt death spiral. We aren’t willing to do anything significant to avoid it.
Participant[quote=briansd1]
It seems like the Tea Party is thinking “let’s manufacture a crisis because, absent a crisis, we won’t get our way.” That’s a dangerous game to play and puts at risk the welfare of all Americans.[/quote]The Tea Party is attempting to avoid a future crisis. I don’t see how the Federal Government spending 60% more than it earns (taxes) can end in anything but disaster. To say they are “manufacturing” a crisis borders on delusional. I know you don’t run your personal budget this way or you would be living in the streets sans internet.
The Tea Party fought the good fight and lost. I expect more of the same over the 2012 budget.
We are at a point where even a return of interest rates to historical norms would cause a debt death spiral. We aren’t willing to do anything significant to avoid it.
Participant[quote=briansd1]
It seems like the Tea Party is thinking “let’s manufacture a crisis because, absent a crisis, we won’t get our way.” That’s a dangerous game to play and puts at risk the welfare of all Americans.[/quote]The Tea Party is attempting to avoid a future crisis. I don’t see how the Federal Government spending 60% more than it earns (taxes) can end in anything but disaster. To say they are “manufacturing” a crisis borders on delusional. I know you don’t run your personal budget this way or you would be living in the streets sans internet.
The Tea Party fought the good fight and lost. I expect more of the same over the 2012 budget.
We are at a point where even a return of interest rates to historical norms would cause a debt death spiral. We aren’t willing to do anything significant to avoid it.
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