tag:blogger.com,1999:blog-27704294.post3135447275591500833..comments2008-10-02T14:43:10.247-04:00Comments on DC Home and Condo Prices: S&P/Case-Shiller: July 2008 report is outKeithhttp://www.blogger.com/profile/07662437220419488495noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-27704294.post-35446636731422493782008-10-02T13:17:00.000-04:002008-10-02T13:17:00.000-04:00In many cases, properties sell considerably under ...In many cases, properties sell considerably under the asking price. I was interested in buying one house that was originally listed at $575K. I bargained down to $390K, but walked because the house was a disaster. Another house, listed at $530K in Bloomingdale...I got it down to $380K...also walked because there was extensive termite damage. It really depends on the area and the condition of the house, but I do think that most houses are a good 20-25% higher than they should be. Just my humble opinion.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27704294.post-50989221695003725582008-10-02T13:10:00.000-04:002008-10-02T13:10:00.000-04:00Eckington. The seller was in a bit of trouble. I...Eckington. The seller was in a bit of trouble. I lowballed him once and he balked...actually got pretty steamed. He accepted the offer 4 days later. In my opinion, you have to try your best to push the price down as much as possible to arrive at a realistic price. Sellers were raping buyers a couple of years ago by asking (and getting) totally outrageous prices. It's time for buyers to return the favor.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27704294.post-83591398616134108592008-10-01T22:41:00.000-04:002008-10-01T22:41:00.000-04:00Inquiring minds are compelled to ask: where do you...Inquiring minds are compelled to ask: where do you buy unforeclosed, structurally sound property in DC at a 25% reduction from list price?Keithhttp://www.blogger.com/profile/07662437220419488495noreply@blogger.comtag:blogger.com,1999:blog-27704294.post-63240010661281977612008-10-01T16:44:00.000-04:002008-10-01T16:44:00.000-04:00I always knew prices would drop far, but I think i...I always knew prices would drop far, but I think in some cases, property values may drop far beneath what the properties are actually worth (At least I'd like to think so as a homeowner). There's just that much fear and panic in the market. I bought property in the District 25% discount from the original asking price. I think that 25% may have been wiped out already.Anonymousnoreply@blogger.com