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

[Anonymous]

Anonymous wrote:“I’m a shark! How many houses? Well, actually I just started…” ahahaha

[Anonymous]

Anonymous wrote:

Anonymous wrote:“I’m a shark! How many houses? Well, actually I just started…” ahahaha

OP is a troll-shark

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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!

This made my day

[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

So none then. Got it.

You can “want” whatever you like. I want a pony.

[Anonymous]

Not a shark, a carp.

[Anonymous]

Anonymous wrote:

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: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.

Where are you seeing half of homes recently under contract failing to close?

[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.

Surely with the great depression occurring your shark attack is working and you've loaded up on properties. How many are you at now?

[Anonymous]

You are an anchovy.

[Anonymous]

Ah yes, DCUM's most feared shark!

Give us an update, OP! How are interest rates working for you?

[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?
Do you pay your realtor for each proposal she writes? Or for the time she wastes

[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

So, your strategy is to catch a falling knife?

[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?
Do you pay your realtor for each proposal she writes? Or for the time she wastes

Not OP but this worked in 2009-2010 and can work again. We offered 15% below ask (after price was already reduced once) and landed around 10% below ask. Don’t be so dismissive. Realtors are starting to get desperate again so will be ok with all kinds of strategies to close a deal and avoid getting laid off.

[Anonymous]

You get what you pay for.

[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?
Do you pay your realtor for each proposal she writes? Or for the time she wastes

Not OP but this worked in 2009-2010 and can work again. We offered 15% below ask (after price was already reduced once) and landed around 10% below ask. Don’t be so dismissive. Realtors are starting to get desperate again so will be ok with all kinds of strategies to close a deal and avoid getting laid off.

Prices didn't bottom out until 2012.