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: John Vosilla who wrote (109027)	3/11/2008 11:02:36 AM
From: Think4Yourself	Read Replies (2) of 306849

I assumed he was talking overpriced compared to buyer's income. If zero down loans and 3% teaser rates were still available then current housing prices would be cheap. My parents are downsizing right now. Father was at a gym last week and buddy was talking how he wanted to move but house hasn't sold in over a year on the market. We have been in the home and it's a really nice place but he wanted $310K for it. Father said he was interested and how low was the guy willing to go for quit claim title transfer? Guy surprised him by saying $209K (a VERY good price even in today's market). My father replied with one word: "sold" Deals are getting done if the price is right. This deal took 10 minutes, start to finish.

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