tag:blogger.com,1999:blog-31427364.post4636518743431697504..comments2024-03-26T03:52:23.395-07:00Comments on Housing Analysis: REBGV Detached Benchmark House Price Falls 4.2%, FVREB -4.9% in Novembermohicanhttp://www.blogger.com/profile/06094213357140749289noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-31427364.post-44614423175108590882008-12-02T17:39:00.000-08:002008-12-02T17:39:00.000-08:00One glance at jesse's chart tells me that if I abs...One glance at jesse's chart tells me that if I absolutely had to buy (for whatever crazy reason) that stink bid better be at least 40% below recent comparable sales cuz when all those re-listings hit the market in the spring, along with all the new completions, and buyers getting squeezed by the recession, a 40% discount could look like peanuts.macho slobhttps://www.blogger.com/profile/15640891497806482996noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-47732678278367517872008-12-02T16:01:00.000-08:002008-12-02T16:01:00.000-08:00Agreed jesse, I think that strategy may actually h...Agreed jesse, I think that strategy may actually have a high likelihood of success at this point in time if you are patient. <BR/><BR/>A no-subject offer at a true 'stink bid' level could end up working if you have a high degree of tolerance for rejection. There are a lot of desparate sellers out there, it will just take a lot of work to find them.mohicanhttps://www.blogger.com/profile/06094213357140749289noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-26301488664682364982008-12-02T15:50:00.000-08:002008-12-02T15:50:00.000-08:00I like AgentWill's take as well. I would add that ...I like AgentWill's take as well. I would add that if you try to buy for in this market at stinkbid prices (that IMO will likely be considered "fair" prices in a few years), be prepared for a lot of viewings and rejected offers, and ensure if you use a Realtor s/he is aware of the time and patience required.jessehttps://www.blogger.com/profile/02155122147972263497noreply@blogger.com