I hate to be happy about this but I really am. As a not married 25 year old that is ready to buy a home, this drop couldn't come at a better time. A correction was desperately needed for people looking to enter the market. 280,000-300 for a basic 2 bedroom condo in the suburbs was ridiculous. I can't wait to scoop up one of those for 200-250.
I know this would be a complete dick move and I wouldn't do it but what would a sellers reaction be if I tried undercutting their sale price significantly right now with all of the doom and gloom in the media? Are sellers starting to get nervous?
|