Are you a real buyer in Baltimore City? See this Craigslist ad
I'm guessing that this is a realtor that cannot get any offers for his customers.Here's the ad link:
Lots of people seem to be looking but are afraid to make a decision to buy. They won't even make an offer for fear that it will get accepted. And then what would you do?! After all, the market could still drop and you might be able to get it for less.
Sellers NEED to sell.
I have several sellers that I'm working with that just want offers. If it's reasonable, chances are they will take it. Or at least counter.
This doesn't mean you're going to get a property for 25% of it's value. But it does mean you can probably negotiate a great price.
I have properties all over the city. Most need a lot of rehab. Some are rent ready.
E mail me if you are a REAL buyer! Tell me what you want.
How about you drop the prices of your listings 30%. You'll get offers then. Since when was housing a used car markup? You guys hate being compared to used car salesmen. Stop acting like one.
Baltimore had the 3rd highest run-up after Miami and Los Angeles. It rose more than DC proper % wise. Everyone knows there was a lot of funny business going on with the appraisals.
People lied about income. The average was like 50% over there real salary . Pretty much says it all. Wake up and understand that the perception of real estate has changed and it's no longer an investment but consumption.
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