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sappersgt · 05-07-2008, 13:19 PM

I have been out bid on four properties so far this month. It's been a little disheartening. Yesterday I met the agent of the completion. His client has $10million earmarked to purchase local property. He is buying up distressed properties at the rate of three or four a week.

This makes a change in my decision making process. I suppose I could wait a month (or two) until he has satiated his buying spree or runs out of money. My other option is find a property I REALLY like and offer an amount substantially over the asking price. Not the ridiculously low prices I've been seeing but still a good deal. Previously I was making offers on properties that "would do" priced at about half of their previous high.

05-07-2008, 13:19 PM	#6165 (permalink)
sappersgt *Military Professional* Join Date: 03-04-06 Location: Latitude 38 Longitude 112 Posts: 2,525 Country:	Bottom feeding I have been out bid on four properties so far this month. It's been a little disheartening. Yesterday I met the agent of the completion. His client has $10million earmarked to purchase local property. He is buying up distressed properties at the rate of three or four a week. This makes a change in my decision making process. I suppose I could wait a month (or two) until he has satiated his buying spree or runs out of money. My other option is find a property I REALLY like and offer an amount substantially over the asking price. Not the ridiculously low prices I've been seeing but still a good deal. Previously I was making offers on properties that "would do" priced at about half of their previous high. __________________ Reddite igitur quae sunt Caesaris Caesari et quae sunt Dei Deo (Render therefore unto Caesar the things which are Caesar's and unto God the things which are God's)