[Jammie]

Originally Posted by lionking

will it bloom?

I certainly hope so.....holy toledo my house has been on the market 8 months,my life is on hold and Im becoming mentally unstable ...

have had alot of people look,one yesterday was about to buy it but they had a credit snag.

Given market conditions I've priced it competively,even willing to negotiate some but a lowball...I mean lowball offer I had was insulting.House is nice,move in condition but still waiting.

As long as prices drop where I want to move it will make up for it,but people gotta live somewhere and renters will keep paying more also.

Those that think prices will drop 50% and stuff.....once prices raise its doubtful you'll ever go back to that.Think gas will ever be below $2 a gallon again?

Even though Im a seller,in time I'll be a buyer and yes I'll offer a bit lower than a asking price but not lowballing stupidly,because if you find a place you like you should get it...ain't no place like the peace of home afterall.

Don't feel insulted by the offer. Did you consider compromising with the person who made the offer? I've often heard that when buying a home, if you offer 80% of the asking price, you may have a chance of getting the property if the seller is motivated. Could the perspective buyer been trying to accomplish that? Also, since it's now a buyer's market, I'd imagine there are people making ridiculous offers in hopes of being able to get a cheaper home.

[firemed]

Feel good that you got an offer. Things are not looking good for the economy anywhere. The Associated Press. “An expected dampening of the world economy in 2007 after three years of healthy growth has the weakening U.S. housing market primarily to blame, a U.N. flagship economic report said.”

“The waning U.S. housing market is a ‘major factor’ in the slackening economic prospects, the report said. The end of the housing boom is expected to depress U.S. consumer demand, slowing the growth of the country’s economy, it said.”

“‘The economic recovery in Japan and Europe is not strong enough to replace the U.S. as the engine for growth of the world economy,’ the report said.”

“A continued widening of the U.S. deficit could erode ‘confidence in the dollar as the world’s main reserve currency,’ the report warned. The U.N. report also warned that if the U.S. housing market falls at a dramatic rate, the global economy could become unhinged, ‘enhancing the risk of a major upheaval in financial markets.’”