I am a buying shark and watching desperate sellers, here's what I see and am doing

[Anonymous]

Here is what I am doing, I am watching homes that are recently under contract. About half of those are failing to close because of appraisal or other issues and buyers w/ cold feet.

What I am doing is throwing in bids 10% lower right after the seller puts them on the market as well as when the seller lowers the previous price.

[Anonymous]

aren't the prices still high at 10% lower? I'm seeing those same houses sit afterward and be lowered again. why not wait?

[Anonymous]

Anonymous wrote:aren't the prices still high at 10% lower? I'm seeing those same houses sit afterward and be lowered again. why not wait?

I am bidding 10% lower than their asking

[Anonymous]

such an amazing move, what will you do with those homes in areas that people are not willing to pay a premium for?

[Anonymous]

Anonymous wrote:

Anonymous wrote:aren't the prices still high at 10% lower? I'm seeing those same houses sit afterward and be lowered again. why not wait?

I am bidding 10% lower than their asking

Ok, that still a 20% appreciation for the sellers of the previous year. If you're a professional flipper, your margins must be terrible. If you are a home buyer, the fact that you are saying sellers plural shows just how unsuccessful the strategy is.

[Anonymous]

Anonymous wrote:Here is what I am doing, I am watching homes that are recently under contract. About half of those are failing to close because of appraisal or other issues and buyers w/ cold feet.

What I am doing is throwing in bids 10% lower right after the seller puts them on the market as well as when the seller lowers the previous price.

Mmm-hmmm. Please link to even one of your fabulous deals.

[Anonymous]

Anonymous wrote:

Anonymous wrote:aren't the prices still high at 10% lower? I'm seeing those same houses sit afterward and be lowered again. why not wait?

I am bidding 10% lower than their asking

how many homes have you accrued with this strategy?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:aren't the prices still high at 10% lower? I'm seeing those same houses sit afterward and be lowered again. why not wait?

I am bidding 10% lower than their asking

how many homes have you accrued with this strategy?

just started but my goal is to get a rejection and then in a month come back to the same house and bid even lower, i want prices to be around 2020 spring

[Anonymous]

I bid lower than the listing price after the previous interest rate surge announcement. Unfortunately for me, the seller decided to have another open house and luckily the seller got an offer just 10k over the listing price.

[Anonymous]

Anonymous wrote:I bid lower than the listing price after the previous interest rate surge announcement. Unfortunately for me, the seller decided to have another open house and luckily the seller got an offer just 10k over the listing price.

lol I've heard it all, watch that the deal will fall through, its about 50/50 on new deals right now

[Anonymous]

Only way I have seen this work is to wait till listing expires and approach owner directly.

You lowballing combined with full commission not that attractive an offer.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:aren't the prices still high at 10% lower? I'm seeing those same houses sit afterward and be lowered again. why not wait?

I am bidding 10% lower than their asking

how many homes have you accrued with this strategy?

just started but my goal is to get a rejection and then in a month come back to the same house and bid even lower, i want prices to be around 2020 spring

It seems the answer is "zero homes" have been accrued.

[Anonymous]

Waste of time, OP. Sellers now are not psychologically ready to admit the end is nigh. Real estate agents see the writing on the wall, but can't persuade their clients right now.

Wait until next year. Everyone will be on the same page. You'll get some deals.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:aren't the prices still high at 10% lower? I'm seeing those same houses sit afterward and be lowered again. why not wait?

I am bidding 10% lower than their asking

how many homes have you accrued with this strategy?

just started but my goal is to get a rejection and then in a month come back to the same house and bid even lower, i want prices to be around 2020 spring

It seems the answer is "zero homes" have been accrued.

Don't you understand, OP is a SHARK!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:aren't the prices still high at 10% lower? I'm seeing those same houses sit afterward and be lowered again. why not wait?

I am bidding 10% lower than their asking

how many homes have you accrued with this strategy?

just started but my goal is to get a rejection and then in a month come back to the same house and bid even lower, i want prices to be around 2020 spring

Lol good luck with that