The bank finally put the house on the market a few weeks back. They’re asking $250,000, and so far I’m the only person who’s looked at it. I offered $225,000, which they turned down. I’ll wait a couple of months and offer it again. If the market keeps dropping here in Northern California, my next offer might be even lower.
Only a fool offers the asking price in a dropping market, and only a fool turns down a reasonable offer when the markets bottom is still unknown.
In the meantime, the front yard has become a desert, the pool is a dark green pit, and someone broke in and stole the fixtures. The house has no power and no HVAC, and winter is rapidly approaching. If nothing happens soon, humidity and temperature drops are going to irreparably damage the house and drop its value even lower.
And then I’ll get a REAL deal on the land!
Except that if you offer it for sale you have to accept any offer that comes in at your selling price - you can't legally reject a legitimate offer from anyone.
Except that if you offer it for sale you have to accept any offer that comes in at your selling price - you can't legally reject a legitimate offer from anyone.