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Old 03-16-2009, 07:34 AM
 
Location: Fort Worth and Las Vegas
255 posts, read 485,199 times
Reputation: 73

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Well this is a momentous point now although many have bought at 2/3 off. Other tidbits from the article:

The Greater Las Vegas Association of Realtors reported this week that the median home price fell 2.7 percent in February to $155,603. Thatís down from $160,000 in January and 37 percent from February 2008.

Based on the new listings in February, it appears prices will continue to decline. The median price of the new listings was $160,000, which is an 8.5 percent decline from $174,900 in January.

The supply of homes on the market edged up 1 percent in February to 22,142.
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Old 03-16-2009, 08:34 AM
 
844 posts, read 1,769,319 times
Reputation: 485
Interesting. And here I am... thinking about making the leap this week!!! Wonder if I should offer 2.7% less than asking and include a printout of this article?
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Old 03-16-2009, 08:43 AM
 
Location: Fort Worth and Las Vegas
255 posts, read 485,199 times
Reputation: 73
Quote:
Originally Posted by drinkme View Post
Interesting. And here I am... thinking about making the leap this week!!! Wonder if I should offer 2.7% less than asking and include a printout of this article?
Go for it.
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Old 03-16-2009, 10:57 AM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 32,484,948 times
Reputation: 2661
Who you gonna send it to?

Banks can't read and their agent won't.
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Old 03-16-2009, 02:46 PM
 
Location: Fort Worth and Las Vegas
255 posts, read 485,199 times
Reputation: 73
Quote:
Originally Posted by olecapt View Post
Who you gonna send it to?

Banks can't read and their agent won't.
Knock out the middleman. So many pocket listings, secret listings, you're my guy and u can have it first listings at the right price. Leaves out a lot of people. Just have to find your in. I have a guy who tells me what the highest bid is on a property and let's me decide if I want to go higher or not. Bids are usually kept secret.
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Old 03-16-2009, 06:40 PM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 32,484,948 times
Reputation: 2661
Quote:
Originally Posted by rpachigo View Post
Knock out the middleman. So many pocket listings, secret listings, you're my guy and u can have it first listings at the right price. Leaves out a lot of people. Just have to find your in. I have a guy who tells me what the highest bid is on a property and let's me decide if I want to go higher or not. Bids are usually kept secret.
And you believe him?


One born every minute.
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Old 03-16-2009, 07:33 PM
 
Location: Fort Worth and Las Vegas
255 posts, read 485,199 times
Reputation: 73
Quote:
Originally Posted by olecapt View Post
And you believe him?


One born every minute.
Well it's not rocket science. If there's a listing at $100,000 and he says the highest bid is 103,000, I can choose to go to 104 or drop out. A couple grand this way or that way is immaterial. No one ever seems to bid more than a couple grand above asking anyway at least where I get interested. He lets me know if some idiot bids 20,000 over asking and he'll tell me it's overpriced based on the bid so I move on. That seems about fair to me. And these are the big groups, realty one, prudential, coldwell, etc.
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Old 03-16-2009, 07:49 PM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 32,484,948 times
Reputation: 2661
Quote:
Originally Posted by rpachigo View Post
Well it's not rocket science. If there's a listing at $100,000 and he says the highest bid is 103,000, I can choose to go to 104 or drop out. A couple grand this way or that way is immaterial. No one ever seems to bid more than a couple grand above asking anyway at least where I get interested. He lets me know if some idiot bids 20,000 over asking and he'll tell me it's overpriced based on the bid so I move on. That seems about fair to me. And these are the big groups, realty one, prudential, coldwell, etc.

One born every minute.
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Old 03-16-2009, 11:37 PM
 
391 posts, read 1,582,656 times
Reputation: 143
Quote:
Originally Posted by rpachigo View Post
Well it's not rocket science. If there's a listing at $100,000 and he says the highest bid is 103,000, I can choose to go to 104 or drop out. A couple grand this way or that way is immaterial. No one ever seems to bid more than a couple grand above asking anyway at least where I get interested. He lets me know if some idiot bids 20,000 over asking and he'll tell me it's overpriced based on the bid so I move on. That seems about fair to me. And these are the big groups, realty one, prudential, coldwell, etc.
I can see you're a savvy investor. I'd like to introduce you to my friend, Bernie Madoff....
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Old 03-17-2009, 06:11 AM
 
Location: Beautiful Upstate NY!
13,819 posts, read 24,548,281 times
Reputation: 7615
Too late...Bernie already "made off" with rpachigo's money!
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