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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: MulhollandDrive who wrote (79567)6/15/2007 11:54:23 AM
From: John VosillaRead Replies (1) of 306849
 
'it's crazy to haggle over $5k

but sellers in the bubble zones are in a tough situation, many of whom are upside down on their loans'

You'd be surprised. Many do have a ton of equity but holding out for top dollar. Meanwhile they've already moved and six months go by and they've paid another $15k in monthly payments and the home is worth $15k less as well. Yes haggling over $5k when it will cost you $30k+ if you don't close that potential buyer is sheer stupidity. They should use the upside down newbie who can't lower the price to their advantage.
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