Anonymous wrote:Hm. Housing prices never fell. In fact they are out of control.
Anonymous wrote: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.
You're not a shark, you're a minnow. Prices will fall much harder than 10%.
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
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.
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.
Anonymous wrote:Curious too.
Not sure why this house is back on the market with no price reduction, but shark, what do you say you can snatch it up for.
https://redf.in/R5kr2n
Anonymous wrote:A house in my beach area below BFE which means high flood insurance hit market last month and dead on water. A similar one summer 2021 was snatched up.
Buyers are buying but looking more at details. This house is one level. So no upstairs so sitting duck in a flood