...and what you should be paying attention to with regard to home prices
Many home sellers have listed their homes
that were overly optimistic in what buyers would pay
there are certainly real estate agents
that will allow their sellers to test "their price"
for 30 or 60 days to see what happens
quite often these home owners get amnesia
and never get around to reducing the price
down to where the market was all along
eventually these homes sell for well below the original price
so the buyers can feel like they got a great deal
as the negotiated a price that seems like a steal of a deal
when in actuality, they paid current market price
not every situation is the same
and there are certainly sellers that are more highly motivated
the wholesale buyers are consistently making lowball offers
in the hopes that they can find a seller that has to take whatever they can get
it remains to be seen if the market is actually dropping
or if we are in a space where we are experiencing
some occassional dips in the market
today's show explains the details
