The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: TheStockFairy who wrote (156)	8/2/2001 8:48:36 AM
From: Mark Ivan	Read Replies (2) of 306849

I always thought this would work wonders: Say the listing price is $250K. Buyer: Offer $240K Seller: Counter offers something like $245K Buyer: Counter offer $238K Seller: Confused. Asks why you offered even lower than original offer. Buyer: Because your house is no longer worth as much as it was a week ago. Seller: Refuses offer. Buyer: (week later) Offer $237K Seller: Refuses. Pissed off more Buyer: (2 weeks later) Offer $236K Sellers: Refuses. Pissed off and getting concerned he/she may not be able to sell house Buyer: (2 weeks later) Offer $235K. Seller: See that house price keeps going down, gets disgusted and signs contract. Sort of like a stock you own. Price keeps going down and you finally throw in the towel. Mark

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