I have been watching the market changes over the last few month and it appears that actual sales prices are dropping. This week alone four of my cash Buyers are out to get the deal of the century. I have to write and submit the offer they are willing to pay for the subject property for Buyer Representation and it looks like they will set the new lower price trend for the specific areas. I feel sorry for those who bought at the wrong time. The ones that can't afford the property due to the established bad loan programs with arm that are going up.
I am hoping to make each party understand that it could get worse not better. The Buyer of coarse is going to see what the market may bring in the future.
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