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Message Subject U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
Poster Handle Idamo
Post Content
time to buy a house.
 Quoting: Anonymous Coward 1145248


NOT YET. Didn't you listen to ACs 1305630 and 12560*** (or something like that)

They are correct!
 Quoting: Lion Hound





The only way it makes sense to buy right now is REO or Bank Owned, and make a low ball offer......the lower the better. You can always negotiate up, but have you ever heard of someone making a offer and the bank saying, ohh that's too much please lower your offer?

Lets say a house was on the market as a short sale for 200k but it didn't sell, now it is bank owned and they list it for 160k.....offer 80k....that is how to beat the bank.
 
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