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christy
Mommy of 2
Member since 5/05 6787 total posts
Name:
Christy
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Drop in Market
Just to settle a family argument I am currently having...do you feel that in the past year the market has dropped alot in order to buy a house? Do you think there is a lot more room for negotiation? Or do you think the market is still high?
TIA My family drives me nuts!
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Posted 7/16/06 7:06 PM  |
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Freddie
LIF Adult
Member since 3/06 1162 total posts
Name:
Freddie
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Re: Drop in Market
I think there is definitely room for negotiations. There are no more bidding wars. Sellers don't have it easy anymore. It has become a buyer's market.
BUT I don't think prices have dropped - at least not what I have seen from last year in my neighborhood/area. I think some sellers thought they could still get a 20% increase in one year and tried to list their house at that price and learned that they had to reduce it to a more "fair" price.
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| Posted 7/16/06 7:12 PM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: Drop in Market
depends on the price range you are looking at
I do feel the higher end houses have definitely shown a drop in price...
Def room for negotiation
The 350-420 range....some range for negotiating, some decrease in price...But nothing that shocking 
ETA...unless something it grossly overpriced...like on a couple of us saw recently (which dropped 50K)
or the desperation of the seller (which IMO isn't all that common)
Message edited 7/16/2006 7:13:43 PM.
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| Posted 7/16/06 7:12 PM |
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Re: Drop in Market
I think there has been a drop. I think you can get a house that needs less work for the same amount of money you would have had to pay last year. There is definitely more room for negotiation.
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| Posted 7/16/06 7:17 PM |
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christy
Mommy of 2
Member since 5/05 6787 total posts
Name:
Christy
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Re: Drop in Market
THANK YOU LADIES!
My Aunt swears that houses today are a steal and that you can negotiate sales easily because sellers are desperate. I have been watching certain areas for a year and did not find that huge a drop at all!
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| Posted 7/16/06 7:18 PM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: Drop in Market
Posted by christy
THANK YOU LADIES!
My Aunt swears that houses today are a steal and that you can negotiate sales easily because sellers are desperate. I have been watching certain areas for a year and did not find that huge a drop at all!
i have yet to see that 
AT ALL
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| Posted 7/16/06 7:22 PM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: Drop in Market
Actually i have seen a rise in certain areas
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| Posted 7/16/06 7:22 PM |
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christy
Mommy of 2
Member since 5/05 6787 total posts
Name:
Christy
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Re: Drop in Market
Posted by Redhead
Actually i have seen a rise in certain areas
Me Too!
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| Posted 7/16/06 7:43 PM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: Drop in Market
i havent seen a rise where im looking - but it hasnt dropped drastically - maybe 3-5%...
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| Posted 7/16/06 7:49 PM |
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mommysboy
my beautiful baby is here :-)
Member since 9/05 1136 total posts
Name:
amanda
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Re: Drop in Market
i bought my house last yr and this yr the same house i bought in the sam are is going for 20,000-30,000 less so i think in some areas its dropping
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| Posted 7/16/06 7:58 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: Drop in Market
we've been looking since Jan but had our eye on the market for a bout a year. I haven't noticed a huge drop, but houses are coming down in price due to LI's huge inventory and rising interest rates.
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| Posted 7/16/06 8:27 PM |
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