Buying an Owner Occ during this market

General Real Estate Investing
1

Hi Folks,

I’m looking to buy a property in Maryland. Currently listed at $189k. I have seen that the listings in the areas I’ve been searching are lower than they were last year. [good for me.}

I’ve also heard about the foreclose market and it’s pending effects on the economy. Given that, where do I place my offer on this home so I’m not upside down on this house?

Thanks.

2

Who can predict how low prices will go? Instead, low ball your offer and wait for a reply. Keep in mind that if you aren’t embarrassed submitting your offer, you’re probably overpaying. :cool