Quote:
Originally Posted by Realtor 1
You can't think that because they dropped twice already they wont be willing to go down much further. This brings up an additional advantage to having a realtor. In a situation where the property keeps dropping in price I personally would prepare a market analysis on the home and determine what the real asking price should be. If you list 100k over market value and then drop 50k, you as a buyer might think your getting a great deal by having another 20k negotiated off the price.
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Quote:
Originally Posted by bizaro86
Not to be disagreeable, but this is absolutely the wrong way of looking at it. You should try to get it for what it's worth (or less). The asking price really has nothing to do with the value, imo. Two price drops could easily be a seller who needs to sell, and would drop a lot more for a credible offer.
I think you'll almost certainly get a better deal with a realtor, and that's what I would do if I was buying.
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I just wanted to reiterate this advice and again extend thanks.
We did retain a realtor. And we ended up in a situation with multiple people putting in offers.
We were successful and got it for 24K less than the most recent list price.
Things moved pretty fast and unfortunately we weren't able to involve any of CP's realtors or mortgage brokers; Troutman however will be handling the legal end of things.
