Buying an Owner Occ during this market

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.

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