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

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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=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?[/quote]

I am bidding 10% lower than their asking[/quote]
How?
Do you pay your realtor for each proposal she writes? Or for the time she wastes[/quote]

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.[/quote]

Prices didn't bottom out until 2012. [/quote]

Not sure what data you’re looking at but 2009 was the clear bottom.

https://fred.stlouisfed.org/series/WDXRSA[/quote]

Agreed and facts. We purchased in 08 however for 300k in NW for a home that was purchased for 498k in 06. 
[/quote]

Nice humble brag.
[/quote]

Wasn’t my intentions. Was just speaking facts.[/quote]

I am glad you shared your data point. There are many people on this board who repeat the same old mantra that prices in DC and close in areas never really went down in the last bubble, and as your experience demonstrates, it just isn't true.[/quote]

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