Answers (2)
- Kenbrook
- Contributions:92
Here we are in October, the price is down to $725K, and still no sale. Why? Because there are no loans available. As of 9-27-08 all credit is frozen in the largest financial collapse in U.S. History. If a buyer came along with an 800 credit score and $350,000 they STILL wouldn't be able to get a loan right now. I say take it off the market and wait 23 years for the real estate market to come back.
- Kenbrook
- Contributions:92
Oops - I see the price is down to $750K. I hope you can muster up a cash buyer because no bank is going to loan more than $400,000 for any home on Morning Street these days. In case you haven't checked lately, 10% down payment and super-conservative valuations are the order of the day at banks now, and for the next several years.
LOL! You seriously want $800,000?
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