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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (79624)	6/15/2007 7:00:14 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

Just finished reading a summary of Realtor comments about the state of the Northern Virginia real estate market. One by one, they all seem to be saying that being located inside the Beltway and in a few select areas is making all the difference in sales. The tightly localized figures on May home sales and average prices seem to bear out their comments. Outside the Beltway, things ain't so hot. One agent said that for the first time in her long career, agents are calling with verbal low-ball offers from buyers who are just going down a list of homes and trying to see whether they can "get" one over the phone. During a slow market years ago, I used to love the low-ball offers that came in over the fax machine, without even a preliminary phone call from the buyer's agent--who was probably too embarrassed to call. Needless to say, these offers weren't worth that agent's time to present properly, and they weren't worth mine, either. After telling the sellers that I'd received one of these over-the-transom bombs and telling them the price, we both agreed the trash can was a good place for them. That's exactly where they went.